Tax Politics
The Politics of Taxes
France Finally Wises Up About Wealth Taxes
Over the past 15 years, France's tax on the wealthy has resulted in a capital flight of 35 billion euros ($41 billion). 10,000 wealthy have left the country over it, which currently applies to personal assets of more than 1.3 million euros. Noting the substantial...
More Thoughts on the Pension Crisis
Forbes has published a continuation of John Mauldin's essay from September 16. He reiterates that "the coming pension and unfunded government liabilities storm is so big that many of us simply can’t get out of the way, at least not without great difficulty. This holds...
Senate Democrats and Moral Posturing
While reading the New York Times’ assessment of the upcoming tax cut bill, a sentence popped out at me: “Wary of any tax legislation that benefits the rich, Democrats have taken a firm stance against Republican policies that would add to the deficit and said they will...
Pension Storm Bubble
John Maudlin writes a compelling piece this week on what he coins “the bubble in government promises.” He claims it “is arguably the biggest bubble in human history. Elected officials at all levels have promised workers they will receive pension benefits without...
Houston Mayor: Never Let a Crisis Go To Waste
On the heels of the tragic Houston floods, the mayor has added insult to injury and proposed at 9% property tax increase to "help pay for Harvey costs." The mayor stresses that the tax increase would only be temporary -- but when have we ever seen a tax not become...
New Administration, Same Old Spending
The Trump Administration has continued the same path of deficit spending as its predecessors. (CNSNews.com) - The federal government collected record total tax revenues through the first eleven months of fiscal 2017 (Oct. 1, 2016 through the end of August), according...