Caroline Baum of Bloomberg has an excellent column explaining why soak-the-rich taxes don’t work. Simply stated, wealthy people are not like you and me. They have tremendous control over the timing, composition, and level of their income. When the rich are hit with higher tax rates, they adjust their behavior and protect themselves by reducing [...]
Archive for August 9th, 2010
The Destructive Economics of Class-Warfare Taxation
Posted in Big Government, Class warfare, Economics, Fiscal Policy, Higher Taxes, Income tax, IRS, Laffer Curve, Obama, Supply-side economics, Tax avoidance, Tax Compliance, Tax evasion, Tax Increase, Taxation, Uncategorized, tagged Big Government, Class warfare, Economics, Fiscal Policy, Higher Taxes, IRS, Laffer Curve, Marginal tax rates, Obama, Soak the Rich, Supply-side economics, Tax Increases, Taxation on August 9, 2010 | 16 Comments »
Are Separate Prisons for AIDS-Infected Prisoners an Unconstitutional Form of Discrimination?
Posted in Crime, Government stupidity, Political Correctness, States, tagged AIDS, Crime, Discrimination, Political Correctness, South Carolina on August 9, 2010 | 8 Comments »
I’m not a lawyer, so I don’t pretend any expertise on the legal issues, but this brewing controversy about prison policy in South Carolina strikes me as a case of political correctness run amok. The state separates prisoners with AIDS and sends them to a separate facility that has specialized medical treatment. This policy also [...]
Taxpayers vs Bureaucrats, Part XXXVIII
Posted in Big Government, Bureaucracy, Bureaucrats, Fiscal Policy, Government Spending, tagged Big Government, Bureaucracy, Bureaucrats, Colorado, Fiscal Policy, Government Spending on August 9, 2010 | Leave a Comment »
You know that bureaucrats are getting wildly overcompensated if even the New York Times is publishing articles about the problem. The article notes that there is a nationwide problem, and then cites developments in Colorado, where lawmakers actually took a tiny step in the right direction by limiting cost-of-living adjustments for existing retirees. Not surprisingly, [...]
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