Apr 15
For decades, the legislature of California has pushed the envelope toward socialism, high taxes and overregulation. Now the Sacramento Bee has conducted a study of the State’s tax burden. The newspaper found that forty-five percent of the state’s income tax money comes from the top 1 percent of filers – those with adjusted gross income …
Apr 05
In Vermont, taxes have recently been raised on home heating oil, mutual funds, banks, drivers, and businesses who don’t provide health insurance to employees. Consequently, thousands of Vermonters have fled the state over the past decade. In New Jersey, more than two million people have left after two decades of ever-higher taxes and outrageous spending …
Feb 24
One of the biggest lies of government-trusting socialists like Bernie Sanders is that “the rich” are in control of American politics because of the Citizens United decision, “unlimited” rights of spending on campaign ads, etc. In fact, the overall share of the federal tax burden paid by the richest 10 percent has been steadily increasing …
Feb 08
“Deregulation” is one of the great phantoms of our time. Pro-government pundits and presidential candidates like Bernie Sanders repeatedly claim that private-sector influence in political elections has produced “deregulation” in American industries. Yet regulation is easy to measure. One can count pages, paragraphs, sections, enforcement budgets or actions, etc. There has been no deregulation anywhere, …
Feb 06
America was the freest society on earth for generations; perhaps more than a century. People from throughout the world fled tyranny for American shores. During the past couple generations, however, the U.S. government has steadily increased controls, regulations and taxes. For the past 3 years, record numbers of American citizens have left or have renounced …
Jan 29
Unlike a private business, which loses money and goes bankrupt after providing bad service, government agencies generally benefit from failure and crisis. Failure means even more money and power! Good money after bad. Here is an Associated Press article about Michigan lawmakers passing a bill to take $28 million more from taxpayers to divert to …
Jan 26
Socialism is a curse that should be wished on one’s enemies. Markets always win in the end, and no big-government welfare state can outlive its financial irresponsibility. Here is a story about a public school system that has overpaid teachers and administrators so much for so many years that interest payments on its debts now …
Jan 26
The U.S., once the global flagship of capitalism, now has the world’s highest corporate tax rates. The New York Times reported this week that Johnson Controls is renouncing its U.S. corporate citizenship by selling itself to Tyco International, based in Ireland. This is designed to reduce the company’s tax bill, which it said should drop …
Jan 22
There seems to be a religious hatred among government trusters against fossil-fuel suppliers. A loathing almost as irrational as the unshakeable, almost hypersexual, love of self-styled “conservatives” for men in government uniforms. Even as petroleum products have been made cheaper and cheaper by private sector innovators, the government of California is poised to forcibly take …
Jan 13
The collapsing socialist city-state of Chicago is plummeting into bankruptcy, hiking taxes, and torturing its citizens at record pace. Now the public teachers of the City intend to strike! They have a median salary of $71,017 and contribute—on the high end—only 2 percent of their salaries toward their very lavish pensions. Their average salary (as …
