Double Taxation

The article by Dan Mitchell at the Cato Institute (linked below) is rightly critical of large company CEO's who have supported higher personal income tax rates. Beyond that, if you click the link on "dividends" it will take you to another post by Mitchell. In that post you will find another link to a report by Ernst and Young on the taxation of capital gains and dividends.

It's worth looking at all of this stuff, but if all you do is read the Executive Summary of the report, you will have a better understanding of the current debate on taxes than most folks you know. Most folks have no idea that the integrated rates on capital gains and dividends in the U.S. are among the highest in the world already, and are about to go higher. The result will be a drag on capital formation. There is a lot more to the "fiscal cliff" debate than whether the "rich" should "pay just a little more".

Crony Capitalists Endorse Higher Taxes on Their Small Business Competitors

How to Stop Mass Shootings

Further evidence that liberals refuse to let facts influence their thinking...

We Know How to Stop School Shootings

The Anti-Bernanke

Until a few moments ago, I had never heard of Leszek Balcerowicz. Now I wish like hell he was Fed Chairman. 

It rekindles my dwindling hope to see that there are lonely voices of sanity out there.

Leszek Balcerowicz: The Anti-Bernanke

Refuting Buffet

Warren Buffet has become a darling of the left for his views that higher marginal tax rates are good policy. In a recent New York Times op-ed he claimed that higher rates would have no effect on investment. The article below strongly argues otherwise.


The Grumpy Economist: Buffet Math

Tax Cut Myth

While Obama has told the public repeatedly that the Bush tax cuts "got us into this mess", his own economists say otherwise. Question: is Obama unaware of this data, or is he simply a deliberate liar?

White House data debunk claim that Bush tax cuts caused deficit