Here is a great video series from Cato on the Laffer Curve. It is a good explanation of the effect of tax rates on tax revenues. Below is part III, but all three are worth the time to watch.
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This blog is really about the calming effect that I get by having an outlet in which to complain about the problems I see with government. Those complaints usually have something to do with government interfering with personal freedoms and taking away basic liberties of the people that elected these officials in the first place.
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.--Friedrich Hayek
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10 Things I would Change In Government Today
1. Term Limits (2 for Senators and 6 for Representatives)
2. Pass the Enumerated Powers Act
3. Pass "loser pays" legal reform
4. Close all Departments in Federal Government except Defense, Treasury, Transportation, Justice, Commerce and State (possibly Interior).
5. Drop all subsidies and supports to corporations and individuals
6. Drop all tariffs and import restrictions
7.No Corporate income tax. Tax dividends as income.
8. Stop withholding taxes from paychecks. Make people write the check every month to the US Government.
9. Force the Government to have a Sovereign Wealth Fund to invest Social Security Surplus in non-government investments. Transition out of a government-run retirement function with private annuities.
10. Set up a dual-rate (8% and 15%) income tax scheme with no deductions.
2. Pass the Enumerated Powers Act
3. Pass "loser pays" legal reform
4. Close all Departments in Federal Government except Defense, Treasury, Transportation, Justice, Commerce and State (possibly Interior).
5. Drop all subsidies and supports to corporations and individuals
6. Drop all tariffs and import restrictions
7.No Corporate income tax. Tax dividends as income.
8. Stop withholding taxes from paychecks. Make people write the check every month to the US Government.
9. Force the Government to have a Sovereign Wealth Fund to invest Social Security Surplus in non-government investments. Transition out of a government-run retirement function with private annuities.
10. Set up a dual-rate (8% and 15%) income tax scheme with no deductions.
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2008
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April
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- More On The Evils of Ethanol
- Irresponsible State Governments
- Bad Energy Policy?
- A Must Read, Why B Hussein Is Dangerous
- Political Rhetoric vs Reality
- When Government Gets Big, This Crap Happens.
- Sometimes Politicians Fail to Look at History
- All Sides Will Have to Give and Take
- The Trampling of Rights
- Why China is not a threat...
- The Sky Is Clearly Not Falling
- Laffer and Taxation
- Remembering Earth Day
- The Cost of College
- The Kansas Governor Fails Again
- Angry Renters Unite
- Proving Minimum Wages Laws Make People Worse Off
- The Real Reason for the High Price of Oil
- Failed Policy
- Another Reason Not to Vote for B Hussein
- Politicians Blow Another Opportunity For America
- Now, the rest of the story.
- How are your tax dollars spent?
- Where Oh Where Did My Tax Dollars Go?
- The Rich and Taxes
- Tax Cuts for the "Rich"
- The Entitlement Culture
- Does This Make Us All Safer?
- It's not easy being (a) green(ie)...
- Irresponsible Government
- The Loss of Talent
- What Billary and B Hussein Do NOT Understand About...
- Loss of Manufacturing Jobs
- Ethanol is a Hoax Part 4
- A Bus Load of Lawyers Flys Off a Cliff....
- Another Williams Classic
- More on Regulation
- Another Letter to My Senators
- Corporations Don't Pay Taxes, Consumers Do.
- One more case against Billary care.
- Great Podcasts
- $53T Budget Short Fall
- When $17B does not matter.
- The Pig Book Is Out
- Food Stamps
- Congress is Responsible for High Oil Prices...
- Big Ag vs Big Oil
- High Oil Prices
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April
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