growth of government Archive

How to Fix the Economy

By John Lumbard. We have the most ridiculous tax system in the history of the world.  Last year Clorox paid taxes at a 39% rate---nearly twice what they’d pay if they moved to Canada---while GE paid nothing.  The wealthiest 10% of our citizens pay 70% of all the nation’s taxes, but...
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The Keepers of the Flame

By James Schaefer.   At long last, the topic of entitlement reform  -- "the topic" -- has been broached (see Weekend Interview with Paul Ryan). These entitlements -- Social Security, Medicare, Medicaid, and the Prescription Drug Benefit -- are the promises that politicians have made to American citizens for decades.  We think of them...
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The Scott Adams Challenge

By James Schaefer.   Scott Adams, the author of Dilbert, recently had a feature article in the Wall Street Journal, entitled "How to Tax the Rich", and he asked readers to think up incentives that might allow our biggest taxpayers to feel a bit better about dropping hundred-thousand-dollar checks into the ravenous maw...
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Postponing the Pain

Economist Charles Wheelan writes occasionally for Yahoo Finance, and he's always terrific.  In a recent article he suggests that the President extend the current graduated tax structure, with a plan to balance the budget in 3 or 4 years (when the economy is stronger) by cutting spending and adding consumption taxes...
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Letter To A Congressman

By John Lumbard.   Dear Congressman; In high school we all learned that our Congress has the power of the purse.  Our legislators have other powers and responsibilities, but their most basic duty is to ably manage the monies that they extract from reluctant and disillusioned taxpayers and voters.  They have failed...
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Prosperity got you down? Tax your guilt away.

by Michael Smith. In an August 4 column in the Los Angeles Times, Bill McKibben of 350.org threw down the green gauntlet. From now on, it’s no more Mr. Nice Guy for the folks who want to tax fossil fuels into oblivion. Taking their cue from the civil rights movement, they’re...
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Sustainable Government

By Dan H.   As California goes, so goes the nation.  That has long been the case with fad and fashion, but lately California has been playing the role of canary in the coal mine.  The state budget is out of control, and there are no longer any easy answers.   Much...
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Sustainable Government

By James Schaefer.   In a recent Opinion piece in the Wall Street Journal (Tax Aversion Syndrome and Our Deficit Future), Peter G. Peterson writes about Congressional Budget Office projections that show the public debt rising from its current 60% of GDP to 233% in 30 years, and 500% in 50...
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Statutory Debt

By James Schaefer. Corporations, sole proprietorships, unions, and government all share a common mandate to Grow the Franchise. In the private sector this growth is constrained by the ability to make a profit---while laboring to provide goods or services that have value to others.  For them, the cost of money is real,...
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Doomsayers can shed the silly costume now

by Michael Smith That the European welfare state amounts to a pyramid scheme—a shrinking work force trying to support a growing population of retirees and welfare recipients—is old news in some political circles, but it’s gotten scant attention from the folks who desperately want America to follow the European model. That’s...
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