Baltimore–once one of America’s greatest cities–has collapsed under the weight of government, cops, taxes, and murder. As thousands flee, the City’s population is now lower than at any time in a century. The Baltimore Sun newspaper recently reported that “The city’s outrageous property tax of $2.248 per $100 of a property’s assessed value is more …
Category: burdensome taxes
Mar 29
Medicaid and pensions now eat 1 out of 5 state tax dollars; this share is about to explode.
Has the entire American experiment been for the benefit of one cohort of people: 21st-century government workers? In the 240 years since the American Revolution, the U.S. prospered like no other nation in world history–due to the Bill of Rights and low levels of government interference and regulation. But now government programs and regulations are …
Mar 22
Americans now taxed and regulated at record levels
Today’s government officials and employees live like kings among starving peasants. Many have second homes and barely work more than a couple hours per day. Meanwhile many Americans struggle for daily existence. Many dwell in trailers, RVs or in homeless camps. A new report shows that Americans now pay record levels of state, federal and …
Mar 22
Mythical “Austerity” “Comes to an End” as Republicans Continue Spending Orgy
“Austerity” means cuts in government spending and/or benefits. The word often appears in mainstream news reports and on the lips of politicians who decry it. Yet austerity has not been seen in any western government anywhere in the world in generations. The governments of all western countries have grown and grown in relation to their …
Jan 19
The rich prepare to flee socialist California
California is a beautiful piece of earth made miserable through human central planning. For years, California legislators and governors have hiked taxes, increased licensing requirements and imposed increasing wealth-redistribution programs on Californians. Now the California government relies so heavily on the income taxes it collects from high earners that the state’s wealthiest 1 percent pay …
Jan 06
The Rich Flee Connecticut
Connecticut politicians have been raising taxes and increasing regulations for a generation. Now people with high incomes are fleeing the State. They have taken some $6 billion with them. See here. Many Connecticut expatriots are fleeing to nearby New York or to Florida. But those who left for state-income-tax-free Florida had an average annual income …
Nov 25
In the past 70 years, 11 states introduced an income tax; ALL 11 have declined as a share of the overall U.S. economy
Government is a disease masquerading as its own cure. Wherever governments grow people become poorer, sicker and weaker. In this eye-opening video, economist Art Laffer discusses his recent study of how American tax rates have impacted American health and well-being. Over the past 70, years, says Laffer, 11 states launched a state income tax. Each …
Nov 16
The world’s richest 1 % now own half the world’s wealth due to overregulation
Government regulations are essentially a wealth redistribution program from the poor to the rich. Those in poverty increasingly find themselves trapped by licensing and other regulatory barriers. In the 1950s, only one in 20 U.S. workers needed the government’s permission to pursue their chosen occupation. Today, that figure stands at almost one in three. See …
Oct 23
U.S. Life Expectancy Declining under Cradle-to-Grave Government
by Roger Roots, founder of Lysander Spooner University Governments want their subjects sick, weak, scared and dependent. Every generation of Americans has seen its life expectancy improve. Until now. A new Bloomberg News report finds that Today’s Americans are retiring later, dying sooner and sicker in-between. Social Security alone has incentivized millions of Americans to …
Oct 03
Connecticut taxpayers crushed to the breaking point
Connecticut is one of the wealthiest states in America. Its residents have a high per-capita income. Its corporations are some of the world’s wealthiest and most powerful. But Connecticut has been dominated by socialistic, pro-government extremist policymaking for generations. Today’s Connecticut taxpayers pay some of the highest tax rates in America. Now the State is …