taxes

  America’s midterm congressional campaigns are now underway, marked by clamor over the so-called “affordability crisis.” Although driven primarily by Democrats, the hand-wringing narrative is prompting candidates across the political spectrum to propose all manner of government measures to correct purported market failures. But such interventions are, more often than not, the cause of higher […]

  Taxes and tariffs are—unsurprisingly—a major topic for economists. On one hand, they generate huge inefficiencies, deadweight losses, and perverse incentives; on the other hand, they reveal the fascinating creativity with which entrepreneurs find ways to avoid these costs. Sometimes in a quite amusing way. Let’s look at a few examples from not-too-distant history. Wall […]

It is about the plans of the UK government to launch a decade-long programme of ‘investment’ in industry, infrastructure and Net Zero, greatly expanding the state’s role in the economy. The programme is to be funded entirely with new debt of £1.64 trillion: the same amount as the spending programme. This is 58% of the […]

    Well, my plan, actually Larry Kudlow, who’s a fantastic guy, I think likes my plan the most. I’m cutting taxes by about the most.   Donald J. Trump Given the deep flaws of President Donald Trump’s 2017 tax reduction act — it was not only warily tilted towards the top earners, it was […]

    The principle of equity embodied in The Flat Tax is that every taxpayer pays taxes in direct proportion to his income. As incomes double, triple, or grow tenfold, tax obligations double, triple, or rise tenfold. Those who earn more pay more. Alvin Rabushka and Robert E. Hall     Take Away The Flat […]