Life is difficult when you’re a cranky libertarian. President Obama’s latest stimulus scam was just rejected by the Senate, so I went online to read about this rare bit of good news. But my cheerful mood was undermined by a reprehensible bit of bias by the folks at Reuters. Read the first paragraph of the [...]
Archive for October 12th, 2011
Over-the-Top Media Bias at Reuters
Posted in Economics, Media Bias, stimulus, tagged Media Bias, Reuters, stimulus on October 12, 2011 | 3 Comments »
More Problems with Cain’s 9-9-9 Plan
Posted in Economics, Fiscal Policy, National Sales Tax, Taxation, Value-Added Tax, VAT, tagged 9-9-9 Plan, 999 Plan, Economics, Fair Tax, Fiscal Policy, Herman Cain, National Sales Tax, Taxation, Value-Added Tax, VAT on October 12, 2011 | 23 Comments »
I like the overall approach of Herman Cain’s 9-9-9 tax plan. As I recently wrote, it focuses on lower tax rates, elimination of double taxation, and repeal of corrupt and inefficient loopholes. But I included a very important caveat. The intermediate stage of his three-step plan would enable politicians to impose both an income tax [...]