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Category Archives: Taxes

About three weeks ago, this story broke about rationing of appointments and treatment in a Phoenix VA hospital facility, rationing which has supposedly led to at least 40 deaths as these vets awaited treatment.  The rationing is due to two factors: 1) global budgeting of the VA hospital system capping total spending and 2) a lack of […]

Watch this CNN Money interview with Warren Buffett.  Buffett, correctly, suggests that the Earned Income Tax Credit (EITC), which works as a negative income tax, transferring money from richer taxpayers to pooerer taxpayers, particularly those with children, does a better job of helping the poor than does the minimum wage.  The EITC does not raise […]

On CBS’s Money Watch, Jonather Berr reports here that cigarette smuggling in New York is the highest in the country, with over half (estimated to be 56.9%) of cigarettes sold in the state are illegally smuggled there, according to this report by the Tax Foundation.  The Tax Foundation report is based on a study by […]

In March, I wrote this entry to Bastiat’s Bastions in response to Jindal’s proposal to hike state cigarette taxes.  My critique was not so about raising tobacco taxes or not, but suggesting that the Louisiana Department of Revenue had done a poor job in estimating the effects of such taxes on state revenues, as I […]

This week’s Nicholl’s Worth page one headline reads “Will it pass?”  Pauling Wilson’s article having that headline concerns a referendum before students on raising student fees by $84 per semester for a full-time student to support Nicholls athletics.  Here, I do not address the normative question, ”should students pass the referendum?” but rather the more […]

A few weeks ago the Nicholls Worth ran this article about Jindal’s plan to change the structure of taxation in Louisiana, moving away from income taxes and toward sales taxes.   More recently, more details of the governor’s tax proposals have been released, as we see in this article from the Baton Rouge Advocate.  In particular, […]

Before Alan Greenspan’s almost 19-year reign as Federal Reserve Chairman (economic sith?), and before his appointment by Nixon as Chairman of the President’s Council of Economic Advisors, Greenspan was a private sector economic consultant and a critic of fiat money or a government manipulated monetary system.  In fact, he penned “Gold and Economic Freedom” (a short […]

If you take a look at this recent article from France24.com, you will see that many French businessmen are puting their houses on the market to leave France, trying to avoid being hit with a stinging 75% marginal tax rate (the rate on their highest earnings, their “marginal” earnings).  Leaving a high tax region was […]

Yesterday I posted a comment on the World Health Organization’s attempts to place a global tax on cigarettes here.  Today, I read here that the UN is attempting to tax billionaires, carbon, airline flights, minerals, currency trading in dominant currencies (the dollar, the pound, the euro, the yen), and in financial transactions.  In yesterday’s post […]

When a seller of a product competes, an increase in that seller’s market share indicates that that seller is doing a better job, relative to its competitors, of producing net value, or benefits to buyers minus price, something economists call “consumer surplus.”  Marketing professionals use the term value for this idea, which is a bit […]

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