Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

May 12, 2011

Quote Of The Day

From a friend of Billy Beck, relayed on Facebook: “Oil hearings: Government taxes account for 15% of gas price, company profits only 5%. Follow the dots: The government has 3x the incentive to keep prices high and engage in gouging and restrict further supply as the companies do.” Wrong. Well, 90% wrong. The bulk of [...]

Posted By: Brad Warbiany @ 2:52 pm || Permalink || Comments Off || TrackBack URI || Categories: Quote of the Day,Taxation
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April 12, 2011

All We Need to Do to Balance the Federal Budget is Eat the Rich…Right?

Share this with the Michael Moore fans in your life. If we eat the rich, expect a case of deadly economic indigestion.

Posted By: Stephen Littau @ 10:52 am || Permalink || Comments (2) || TrackBack URI || Categories: Economics,Taxation
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February 24, 2011

Unjustified self-righteousness

Apparently, a member of the Denver teachers union thinks she knows what work is: That’s your problem. You’re an entrepreneur, so you don’t work. You don’t know what work is until you get into an educational area. Warren over at Coyote Blog replies: Yep, some day I will have to stop loafing around and take [...]

Posted By: Quincy @ 9:55 pm || Permalink || Comments (1) || TrackBack URI || Categories: Democrats,Economics,Taxation,Tea Party,Unions
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December 17, 2010

The Trillion-Dollar Zero-Cost Stimulus Program

Want to inject liquidity into the market, support American jobs, and do so without raiding the US Treasury or overheating the printing press? The answer is simple: get out of the way. Now, some may say that’s a libertarian’s answer for everything. And they’d usually be right. But I’m not signing you up for a [...]

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December 13, 2010

Not Extending The Tax Cuts *IS* A Tax Hike

Policy proposals are often advanced in very abstract terms. This is true, undoubtedly, of taxes. Tax rates are seen as numbers on a Washington policy chart rather than what they really are — the amount taken out of every individual person’s paycheck every day of every year. I hear the refrain on the left that [...]

Posted By: Brad Warbiany @ 4:35 pm || Permalink || Comments (8) || TrackBack URI || Categories: Taxation
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November 16, 2010

Playing the World’s Smallest Violin for Rep. Charlie Rangel

Via CBSNEWS.com: A House ethics committee subpanel today found Democratic Rep. Charlie Rangel guilty of 11 of the 13 charges of ethics violations against him. The panel, composed of four Democrats and four Republicans, emerged after private deliberation to announce their findings. […] The subpanel will now submit its findings to the full ethics committee, [...]

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September 27, 2010

Pot Freedom: It Works!

A great story that’s a testament to the endurance of freedom, from Portugal: In 2001, Portugal legalized all criminal penalties for personal possession of drugs—including cocaine, heroin, and meth—and replaced drug sentences with offers of therapy. If that sounds a bit bleeding heart, well, it worked: In the five years following decriminalization, drug use among [...]

Posted By: TomStrong @ 10:15 pm || Permalink || Comments Off || TrackBack URI || Categories: Random,Taxation,The Nanny State
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September 20, 2010

Be Thankful I Don’t Take It All…

Here’s the outrage of the day, coming straight out of the UK: The UK’s tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer. The proposal by Her [...]

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September 9, 2010

Tides of Change in Latin America

After Cuban leader Fidel Castro excoriated Iranian President Mahmoud Ahmadinejad for his anti-Semitism, Venezuelan president Hugo Chavez appeared to get the message: During a visit to the International Tourism Fair in Caracas yesterday, Venezuelan President Hugo Chavez announced he would meet with leaders of Venezuela’s Jewish community. “We respect and love the Jewish people,” said [...]

Posted By: TomStrong @ 11:20 am || Permalink || Comments (2) || TrackBack URI || Categories: Democracy,Dumbasses and Authoritarians,Economics,Taxation
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August 28, 2010

The New Prison Ray of Death

Some things you just cannot make up: A device designed to control unruly inmates by blasting them with a beam of intense energy that causes a burning sensation is drawing heat from civil rights groups who fear it could cause serious injury and is “tantamount to torture.” The mechanism, known as an “Assault Intervention Device,” [...]

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August 16, 2010

Quote Of The Day

Karl Smith on taxes vs. regulation: On the other hand barrels of ink and the fates of political parties are determined over debates about the taxation of labor. Its a generally accepted principle of Public Economics that taxes are less damaging than regulation and in either case the broader and more uniform the restriction the [...]

Posted By: Brad Warbiany @ 10:10 am || Permalink || Comments (1) || TrackBack URI || Categories: Economics,Government Regulation,Quote of the Day,Taxation
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August 10, 2010

We’re On The Left Side Of The Laffer Curve…

…but on the right side of the supply-side argument growth curve. I’ve posted about this several times, but I think the Laffer Curve is presented in such a way that it becomes highly misunderstood. Today that was made perfectly clear by Ezra Klein, who asked economists, political leftists and political rightists what tax rates would [...]

Posted By: Brad Warbiany @ 9:35 pm || Permalink || Comments (7) || TrackBack URI || Categories: Economics,Taxation
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August 5, 2010

Nancy Folbre: Chickenhawk of the Tax War

Nancy Folbre, professor of economics at the University of Massachusetts Amherst, opens her article “The Art of Tax War” (via the Tax Lawyer’s Blog via Instapundit) with a truism: As Sun Tzu observed about 2,500 years ago, “All warfare is based on deception.” Then, the deception begins.

Posted By: Quincy @ 9:30 am || Permalink || Comments (4) || TrackBack URI || Categories: Economics,Taxation
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August 2, 2010

Quote Of The Day

On taxes in Boston: The business of the Town is still decaying, the taxes are not at all lessened, but continue very high — A great many of our industrious inhabitants are gone into the country, the burden now falls on a small number; and they less able to bear it than ever — This [...]

Posted By: Brad Warbiany @ 3:36 pm || Permalink || Comments (1) || TrackBack URI || Categories: Economics,Founding Fathers,History,Quote of the Day,Taxation
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June 28, 2010

Quote Of The Day

Ezra Klein: For those of you who don’t click on the link, the conclusions, based off a raft of numbers that the Committee for a Responsible Federal Budget worked up for me, are that you’ll never get deficits under control if you don’t get growth back on track; you’ll never get deficits under control if [...]

Posted By: Brad Warbiany @ 3:53 pm || Permalink || Comments (5) || TrackBack URI || Categories: Economics,Quote of the Day,Taxation
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May 21, 2010

Who Defends 40% Taxation?

Saw this (original comic by Wuerker of Politico) at The Big Picture: My question… In what world is it fair that any entity stakes a forcible claim to 40% of your income? It doesn’t matter that the number was higher in the past, the number is simply too high. Again, that number is 40%! You [...]

Posted By: Brad Warbiany @ 9:57 am || Permalink || Comments (8) || TrackBack URI || Categories: Socialism,Taxation
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May 3, 2010

Pennsylvania Department of Revenue Ad: “Find Us Before We Find You”

The Pennsylvania Department of Revenue is currently running an ad – a friendly reminder to encourage PA residents who owe back taxes to pay up because the PDR knows where you live. Creepy huh? But don’t be alarmed PA residents who owe back taxes, go to the website (PAtaxPayup.com) and you will find that the [...]

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April 9, 2010

Friday Question

Bruce at QandO is ruminating on the VAT, which is likely the next step on paying for Leviathan. But it doesn’t make sense. If Congress is working so hard to make their new programs deficit neutral, why are they looking for big new hidden revenue sources?

Posted By: Brad Warbiany @ 7:11 am || Permalink || Comments (3) || TrackBack URI || Categories: Fiscal Policy,Taxation
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April 1, 2010

Obama’s April Fools Joke

Yesterday, President Obama announced a new plan that supposedly announced new drilling off the nation’s East Coast, Alaskan Coast, and Gulf of Mexico. State run media proclaimed it as Obama moving to the center and striking a balance between environmentalists and the “drill, baby, drill” crowd. However, once you look at Obama’s actual proposal the [...]

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March 25, 2010

The Social Security Trust Fund In Kindergarten Terms

Yesterday I had $10 in my right pocket. I loaned that money to my left pocket, which I like to call my “Right Pocket Trust Fund”. I put an IOU from my left pocket into my right pocket to document the loan. I then spent that $10 on lunch. Today my right pocket wants to [...]

Posted By: Brad Warbiany @ 9:52 am || Permalink || Comments (9) || TrackBack URI || Categories: Fiscal Policy,Monetary Issues,Taxation,Theory and Ideas
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