A Primer on Taxes

I’m not an economist, but you don’t have to be one to understand taxes. I am frequently asked about tax policy, so it might be useful to go through the basics here. We’ll cover three tax categories—the capital gains tax, the corporate tax, and the income tax.   Before we start, I should comment on […]

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The Fairness Doctrine

The so-called fairness doctrine just won’t go away. With Obama’s election, the democrats controlling both houses, and much of the informed, effective opposition to socialism coming from talk radio, those who wish to silence opposing points of view could get their way. The fairness doctrine is the idea that (radio) broadcasters should be required to […]

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The Gas Tax

A couple of recent gas tax proposals have caught my attention. The NY Times called for a fluctuating gas tax, permitting the federal government to set the price of gas in the $4-5 range. In the Weekly Standard, Charles Krauthammer called for a $1 increase in the federal gas tax offset by reductions in the […]

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Bailout 101

A few months ago we were told that a financial industry bailout was required to avert a repeat of the Great Depression. While some government intervention was probably necessary, the blank check that Congress passed and President Bush signed is the best definition of a “slippery slope” I’ve seen in a long time. $700 billion […]

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