income tax

A Modest Proposal For National Discontent

by Zack Sorenson | Oct 9, 2018 | Blog

How about the South and Mountain West each become an independent nation "in free association" with the US? https://en.wikipedia.org/wiki/Marshall_Islands The deal is: you get to control immigration, taxes, trade (excepting ITAR - arms trade), but can have no...

Roving Bandit, Stationary Bandit, and Income Tax

by Robert Higgs | Feb 18, 2018 | Economics, Featured Articles

Many libertarians have embraced the slogan “taxation is theft.” I myself think it is more precise to say that taxation is extortion. But even saying that fails to capture how egregious taxation really is, especially income taxation. When a mugger or a home invader...

The Income Tax Implies that Government Owns You

by Jeffrey A. Tucker | Apr 19, 2017 | Economics, Featured Articles

The income tax is enshrined into law but it is an idea that stands in total contradiction to the driving force behind the American Revolution and the idea of freedom itself. We desperately need a serious national movement to get rid of it – not reform it, not replace...

Income Tax: No Honor Among Thieves

by Thomas L. Knapp | Apr 10, 2017 | Economics, Featured Articles

Former US congressman (and presidential candidate) Ron Paul kept a placard on his desk reading “don’t steal — the government hates competition.” Unfortunately for taxpayers, that competition is getting more frequent and more bold. According to US News and World...

Bill Gates’s Robot Tax Is a Terrible Idea

by Jonathan Newman | Mar 7, 2017 | Economics, Featured Articles

Bill Gates has called for a “robot tax” to help maintain government tax revenue when human laborers are let go because a “robot comes in to do the same thing.” He seems to be following the same line of argument that many make for a universal basic income: when a...

Idaho Bill Would End Taxation of Gold and Silver

by Jp Cortez | Feb 24, 2017 | Economics, Featured Articles

The Framers of our nation established that gold and silver are money, but federal taxing authorities in recent decades have required taxpayers to pay taxes on this form of money when its exchange for Federal Reserve Notes results in nominal capital “gains.” But that...

The Bureaucracy Is Now More Powerful Than Congress

by Gary Galles | Nov 27, 2016 | Economics, Featured Articles

Who creates federal laws? Civics books say it is Congress, but the real answer today may be the executive branch. Earlier this year, James Gattuso and Diane Katz reported that just the 229 major regulations issued since 2009 added over $100 billion in annual costs...

Keynes Would Have Loved Trump’s Economic Plan

by Frank Shostak | Nov 22, 2016 | Economics, Featured Articles

Trump’s plan is what Keynes would have prescribed! Most economic commentators such as a Nobel Laureate Paul Krugman should be delighted with the US president-elect Donald Trump’s economic plan for it is going to be along the lines of Keynesian economics. One of...

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A Soho Forum discussion of COVID with Tom Woods

https://www.youtube.com/watch?v=fKzl5CngE5Q Check out Tom's great book, Diary of a Psychosis.

US Abrams Tanks Withdrawn from Fighting in Ukraine

Five four million dollar tanks up in smoke. They'll make every excuse they wish but the days of manned tanks are over. Ukraine has lost five Abrams tanks in recent months, The New York Times reported this month, citing an unnamed senior US official. At least three...

The Aircraft Carrier is the Crossbow and Chariot of the Modern Age

The US Navy, of course, is desperately trying to get authorization to build more Ford-class carriers. Ironic that they name the carrier after a violence broker famous for being rather clumsy and unable to navigate around. The first of class doesn't work properly: it...