Although not official by any standards, a benchmark definition of a middle-class income is approximately $25,000 to $75,000 a year. Why the $50,000 gap? To take into account the cost of living between, say, San Fran and Des Moines, Iowa. So if you earn a middle-class income and a live in a state with high […]
Ireland’s 12.5% Corporate Tax Winner
The Cato Institute’s Dan Mitchell weaves a compelling story featuring a “remarkable acknowledgement by Bono that free markets were the best way to lift people out of poverty.” The leader of the U2 band and long-time anti-poverty activist specifically stated that, “capitalism has been the most effective ideology we have known in taking people out […]
Poor Are Poor because Rich Are Rich?
In NRO Kevin D. Williamson quotes a “superior economist” who once advised that the our national problem is the “stagnation of real wages and the disappearance of jobs offering middle-class incomes, as well as the constant insecurity that comes with not having reliable jobs or assets.” That economist is none other than Paul Krugman, whose […]
The Most Awesome Country in Existence
The Cato Institute’s Dan Mitchell makes the same case for Switzerland as I have been making for years. And I agree with Dan where he writes he has no plans of giving up his country to the plundering thieves in Washington. But let’s shift back to the world of public policy. Every time I’m in […]
Estonia#1, Greece#27, U.S.#32!
The above rankings relate to International Tax Competitiveness. What an enormous embarrassment for Americans. Here the Cato Institute’s Dan Mitchell outlines the ugly mess in which America finds itself. Wouldn’t you think all candidates running against entrenched Obama Democrats this fall would want to keep this tax competitiveness rankings list close at hand? I’ve complained […]
The Tipping Point
America is reaching the point where too many people are receiving government benefits and not enough people are paying for those benefits, warns Rep. Paul Ryan in a recent WSJ article. In 1970, the number of individuals receiving food stamps was below 10 million. In 2003 it had climbed to 20+ million. Last year, the […]
Best Tax Haven, Dan Mitchell Style
Looking for a tax haven in a warm, friendly climate where you do not have to relinquish your passport? Well, the Cato Institute’s tax expert Dan Mitchell has a nifty option for you. Physically moving (your body and your money) to a foreign fiscal paradise such as Bermuda, Monaco, or the Cayman Islands doesn’t provide much value since the […]
Is Warren Buffett Benedict Arnold?
Charles Krauthammer in NRO discusses America’s “absurdly uncompetitive” corporate tax rate, the highest in the world, and how companies are legally lowering their tax liabilities through tax inversions. Even Warren Buffett, President Obama’s favorite plutocrat, is on board. As Mr. Krauthammer points out, a solution to the problem of corporations buying foreign companies in order […]
10% Flat Tax
Pat Buchanan makes an interesting point here in which he suggests dumping the corporate tax with a 10% tax on imports. An easy sell to Americans might instead be a flat 10% tax on corporations, individuals and final sales. All Americans would contribute to the defense (not offense) of our country and the infrastructure we all […]
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