Opinion from a Libertarian ViewPoint

Posts Tagged ‘tax code’

Senate Bill Hits Obstacle Over Deficit Concern

Posted by Martin C. Fox on December 1, 2017

Reform does not reduction. But that is the implication. The problem is you can’t reduce taxes while building a world wide empire via the military.

This is all smoke and mirrors. Shuffling the deck trying to keep tax revenue the same.

True tax reform means lowering taxes. You can’t lower taxes without reducing the size of government. Expecting tax reduction from those whose jobs rely on increasing the size of government is folly.

But Thursday’s cascade of problems—including a parliamentary hurdle and a nonpartisan analysis that said the bill wouldn’t pay for itself with economic growth and would instead add $1 trillion in budget deficits over a decade—forced a late rethinking just as Republicans were speeding toward a final vote.


Be seeing you



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Don’t Fall for Tax Reform | Mises Wire

Posted by Martin C. Fox on September 29, 2017

Congress does not have the intellectual ability let alone the morals and intestinal fortitude to get the job done. The tax code should be about ten pages, not tens of thousands.

Who will bet anything congress does will result in larger, not smaller, pile of pages?

It’s a con, and a shell game. It’s a promise every presidential candidate makes, including Trump. But we ought to be suspicious of grandiose talk about Congress reforming anything. Tax reform proposals always evade and obscure the real issue, which is the total cost– financial, compliance, and human– taxes impose on society. The fundamental questions about war and entitlements and state power go unasked. We never consider whether Congress really needs to spend more than $4 trillion in 2018, or how it managed to double federal spending in only 15 years.  Read the rest of this entry »

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Taxation Is Theft

Posted by Martin C. Fox on April 19, 2017

But it gets worse, as Andrew Napolitano writes via The Mises Institute; with a tax code that exceeds 72,000 pages in length and consumes more than six billion person hours per year to determine taxpayers’ taxable income, with an IRS that has become a feared law unto itself, and with a government that continues to extract more wealth from every taxpaying American every year, is it any wonder that April 15th is a day of dread in America?

Here’s an example you’ve heard before. You’re sitting at home at night, and there’s a knock at the door. You open the door, and a guy with a gun pointed at you says: “Give me your money. I want to give it away to the less fortunate.” You think he’s dangerous and crazy, so you call the police. Then you find out he is the police, there to collect your taxes.

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