Temporary Government Checks Produce Better Poverty Numbers…Temporarily
Did poverty rise or fall in 2020? That depends on how you define it. American household income fell significantly in 2020, according to data from the U.S. Census Bureau. That …
Income
Opposing Racism Doesn’t Require Promoting Victimhood
Are you a racist? All white people are, says White Fragility author Robin DiAngelo. Race explains everything, says bestselling How to Be an Antiracist author Ibram X. Kendi. “Every policy …
The Pandemic Has Most Americans Paying No Federal Income Taxes
Given my recognition that taxation is theft, or at least a thoroughgoing act of extortion, I’m generally delighted when people escape the clutches of the tax man. But news that …
Supreme Court Won’t Hear Case Challenging Massachusetts’ Income Tax on Telecommuters Who Don’t Live or Work in Massachusetts
The Supreme Court won’t take up New Hampshire’s lawsuit against Massachusetts over teleworker taxes. Massachusetts has a policy of taxing out-of-state teleworkers working for Bay State companies. The Court justifiably …
The 16th Amendment: How the U.S. Federal Income Tax Became D.C.’s Favorite Political Weapon
The American Revolution was sparked in part by unjust taxation. After all, the colonists in Boston rebelled against Britain for imposing “taxation without representation,” and summarily tossed English tea into …
3 Myths About American Decline
The American Enterprise Institute sociologist Scott Winship says that Americans are prone to believing “declension narratives,” or stories about how the Golden Age ended sometime in the past and we …
How Monetary Expansion Creates Income and Wealth Inequality
“Every change in the money relation alters … the conditions of the individual members of society. Some become richer, some poorer.” – Mises, Human Action, p. 414. New money enters …
Biden To Propose $80 Billion For IRS, More Power To Chase Down High-Income Tax Evasion
Biden To Propose $80 Billion For IRS, More Power To Chase Down High-Income Tax Evasion The Biden administration is expected to propose giving the IRS $80 billion and granting the …
TSLA Slides After Beating EPS, But All Net Income Comes From Regulatory Credit Sales
TSLA Slides After Beating EPS, But All Net Income Comes From Regulatory Credit Sales As we previewed earlier, Wall Street expectations from TSLA’s earnings today are rather stratospheric, but as …
Eurozone Inflation Is High When It Comes To The Prices Of Daily Purchases
Eurozone Inflation Is High When It Comes To The Prices Of Daily Purchases Authored by Daniel Lacalle, For more than ten years, ECB monetary policy has been ultra-expansionary, whether there was crisis, …