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 [...]
I Googled “taxation is theft” the other day, and came across a FAQ page proclaiming to debunk the “myth” that taxation is theft, in which Steve Kangas makes some unoriginal arguments, I’m surprised that it’s at the top of Google’s results.
I try to avoid arguing or otherwise interacting with people who openly and [...]
Mark Cuban continually asserts that taxes have no effect on entrepreneurship, essentially spitting in the face of just about every economist from every school of economic thought, who has ever lived. Also, by framing it as a “taxes dont’ matter” argument, Cuban has conveniently avoided the real problem: taxation is theft, plain and simple.
While [...]
Germany is not alone in the rush to embrace socialism. France does too.
This should come as no suprise to anyone, from a country with stifling labor legislation, quasi-legal segregation, high unemployment rates (even higher among minorities). As I’ve blogged previously, France’s right to work laws are a joke:
With an unemployment rate [...]
