Silver as an investment

Category Archives: Public economics

How Governments Justify Theft is a Fallacy: Wealth Was Created before Taxation

Via The Daily Bell Do we owe society taxes? Tax day is tomorrow. Some people get excited because they will get money back which the government withheld–a clever trick that makes people feel less oppressed and plundered by filing taxes. Something the regressive left likes to say is that taxes are justified because of the infrastructure […]

Do Wars Help or HURT the Economy?

Does Defense Spending Stimulate the Economy and Create Jobs … Or Is It BAD for the Economy? Preface: Trump wants to drastically increase military spending.  At the same time, France, China, Japan and other countries are ramping up their military spending. An understanding of the effect on the economy is therefore timely. A number of […]

Which Country Punishes Productive People The Most?

Submitted by Daniel Mitchell via The Foundation for Economic Education, Back in 2014, I shared some data from the Tax Foundation that measured the degree to which various developed nations punished high-income earners. This measure of relative “progressivity” focused on personal income taxes. And that’s important because that levy often is the most onerous for […]

Do State Revenue Trends Indicate That A Recession Is Imminent?

A decline in state tax revenue has historically been a reliable leading indicator of impending recessions.  As such, investors/gamblers in the current equity market bubble should probably take note of the new report just published by the National Association of State Budget Officers indicating that state revenues are just starting to decline as funding needs […]