I know I’ve beaten this drum several times before, but the Wall Street Journal today has a very good explanation of why class-warfare tax policy will backfire. The Journal’s editorial focuses on what happened after the 2003 tax rate reductions. And below the excerpt, you’ll find a table I prepared showing what happened with tax [...]
Archive for August 28th, 2010
Higher Tax Rates on the Rich Will Backfire
Posted in Economics, Fiscal Policy, JCT, Joint Committee on Taxation, Laffer Curve, Obama, Tax avoidance, Tax Compliance, Tax evasion, Tax Increase, Taxation, tagged Dynamic Scoring, Higher Taxes, JCT, Joint Committee on Taxation, Laffer Curve, Static Scoring, Supply-side economics, Tax avoidance, Tax Complance, Tax Increases, Taxation on August 28, 2010 | 28 Comments »
I’m More Important than Paul Krugman and George Soros
Posted in Economics, European Commission, Global Taxation, Harmonization, International bureaucracy, International Taxation, Jurisdictional Competition, OECD, Organization for Economic Cooperation and Development, Tax avoidance, Tax Competition, Tax evasion, Tax Harmonization, Taxation, United Nations, tagged George Soros, OECD, Organization for Economic Cooperation and Development, Paul Krugman, Tax Competition, Tax Haven on August 28, 2010 | 4 Comments »
Actually, I wish that were true. But I’m slightly amused to see that I’m ranked as the 244th most-influential person in the world of global finance according to the FCI500 Index put together by Financial Centres International. George Soros ranks 262 and Paul Krugman is way down at 407. I don’t actually deal with money, of [...]
Fighting Class Warfare in a Debate with a CAP Statist
Posted in Uncategorized on August 28, 2010 | 2 Comments »
Two things struck me about this debate. First, the guy from the Center for American Progress was either clueless or dishonest about double taxation. Second, nobody seems to understand that balancing the budget is a simple matter of restraining the growth of government spending. I want deep cuts, but that’s not even necessary.
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