French socialists in charge of the government have admitted that there's a tax threshold too high even for them. The country has the steepest tax burden in the world, collecting 45% of the country's GDP in tax revenue, and it's set to climb to a new record level next year.
A Gallup poll released this week shows that almost 60 percent of adults in America believe that wealth is distributed unfairly, with over 50 percent saying that "the rich" should be taxed heavily to accomplish a fair distribution of resources.
Is there anything people can possibly do these days to disgust or unnerve themselves? Or is the only barrier to bad behavior massive societal shunning, the likes of which isn't noticed by those who are too engrossed with themselves to pay attention?
‘Daniel Day Lewis was so deep in character he insisted everyone on set call him Mr. President. Coincidentally to this day Al Gore does the same wherever he goes.’
Ronald Reagan, who was then a movie actor, delivered one of the greatest and most prophetic speeches of the 20th century, when he appeared before the Orange County Press Club on July 28, 1961.
Hhere’s the most worrisome part of their proposal. They want the U.N. to be in charge of collecting the taxes, sort of a permanent international bureaucracy entitlement.
This may not seem like an important issue today, but just wait ’til Bernanke gets to QE24 and assets are rising in value solely because of inflation.
American taxpayers are quite often skeptical and critical of federal government bureaucracies. That skepticism is amplified when applied to international institutions like the European Union (EU) and the United Nations (UN), which receives more than $1 billion in taxpayer dollars.
In the Aesop Fable "The Grasshopper and the Ant," there are moral, economic and political lessons for our time, or any other. As the story goes, the lazy grasshopper wiles away his summer days singing and hopping and having an all-around good time while industrious ants work and march and struggle to carry kernels of corn to their anthills, storing up for the winter to come.
The Washington, D.C.-based Tax Foundation does a yeoman's job of keeping track of how much we're paying in taxes and who's paying what. It turns out that American taxpayers worked this year from Jan. 1 to April 17, 107 days, to earn enough money to pay their federal, state and local tax bills. That statistic requires some clarification, and I ask my readers to help me examine it.
The most important thing to understand is that leftists want global taxation. To get the ball rolling, they’ll take any tax for any purpose. They simply want to get the camel’s nose under the tent.
I’m not a Romney fan, and it irks me to defend good tax policy on behalf of someone who is incapable and/or unwilling to make the same principled arguments. But my job is to do the right thing and bring truth to the economic heathens.
Romney’s remarks are amazingly misguided. Getting rid of the capital gains tax doesn’t result in a tax rate of zero. It simply means that there is no second layer of tax on top of the punitive 35 percent corporate income tax.
Everyone’s a pundit in a year like this one, and those who’ve long been talking about the upcoming election have heavily debated whether 2012 will be similar to 1980.
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