A reader asks several questions in response to my 11/5 post, How Do Taxes Destroy Productivity? I would like to take a few minutes to respond to his (her?) inquiries.
Is your argument about the NJ “vig” that NJ’s economy suffered as a result of this tax? That NJ experienced negative economic growth, or increased [...]
After banning smoking at Atlantic City Casinos, ostensibly in the name of “the public welfare,” the New Jersey legislature has decided to put profits over people, lifting the ban.
Of course by “profits” I mean “tax revenue.”
Just goes to show that politicians, like the corporations they vilify, will do anything for a buck, and they [...]
Should we be surprised, that despite rhetoric to the contrary (Obama disavows “conflicts of interests”), many of his transition staff have ties to lobbying firms, or were recently lobbyists themselves. That’s the impression I get from a recent NYT headline: In Transition, Tangle of Ties to Lobbying.
The Obama Camp assures the public that the [...]
Obama’s propsal, to eliminate (or virtually eliminate) 401(k) type plans, might be the single largest effective tax-rate hike in the history of the world.
Take for example, an average worker earning something like $50k per year, who contributes $150/pay to a 401(k) type account, and the employer matches at .75/$. The net contribution [...]
