MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Taxes’

Patrick Buchanan: Tariffs — The Taxes That Made America Great

Posted by M. C. on May 15, 2019

Free trade. Free is good, right?

Buchanan seems to advocate permanent tariffs. The Donald appears to view tariffs as a non-permanent corrective measure, I think.

Tariffs encourage high domestic producer prices and lessen efficiency incentives.

A few win and we pay the price. Literally.

Is what was true 100 years ago true today? I am afraid we will find out the hard way. Time will tell.

https://www.cnsnews.com/commentary/patrick-j-buchanan/tariffs-taxes-made-america-great

By Patrick J. Buchanan

As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: “Kudlow Contradicts Trump on Tariffs.”

The story began: “National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration’s tariffs on Chinese imports, contradicting President Trump’s repeated inaccurate claim that the Chinese foot the bill.”

A free trade evangelical, Kudlow had conceded on Fox News that consumers pay the tariffs on products made abroad that they purchase here in the U.S. Yet that is by no means the whole story.

A tariff may be described as a sales or consumption tax the consumer pays, but tariffs are also a discretionary and an optional tax.

If you choose not to purchase Chinese goods and instead buy comparable goods made in other nations or the USA, then you do not pay the tariff.

China loses the sale. This is why Beijing, which runs $350 billion to $400 billion in annual trade surpluses at our expense is howling loudest. Should Donald Trump impose that 25% tariff on all $500 billion in Chinese exports to the USA, it would cripple China’s economy. Factories seeking assured access to the U.S. market would flee in panic from the Middle Kingdom.

Tariffs were the taxes that made America great…

What great nation did free traders ever build?

Free trade is the policy of fading and failing powers, past their prime. In the half-century following passage of the Corn Laws, the British showed the folly of free trade.

They began the second half of the 19th century with an economy twice that of the USA and ended it with an economy half of ours, and equaled by a Germany, which had, under Bismarck, adopted what was known as the American System.

Of the nations that have risen to economic preeminence in recent centuries — the British before 1850, the United States between 1789 and 1914, post-war Japan, China in recent decades — how many did so through free trade? None. All practiced economic nationalism…

Be seeing you

capitaism

 

 

 

 

 

 

Advertisements

Posted in Uncategorized | Tagged: , , , | 1 Comment »

The Death of Socialism – LewRockwell

Posted by M. C. on May 3, 2019

https://www.lewrockwell.com/2019/05/martin-armstrong/the-death-of-socialism/

By

Armstrong Economics

Socialism is dying because governments have made promises they cannot keep. Now when people expect that they will be there, they suddenly find the promises have been constantly revised. They always point to the rich and how they will make them pay. Everything who thinks they cannot possibly be the rich cheer, but at the end of the day, their taxes never decline and the promised-land seems further and further away…

Socialism is dying and in the process this will only inspire violence. People believed in this system. They really believed those in power had their best interests at heart. Unfortunately, we are moving into this darkness where more and more people are beginning to realize that government is the number one problem – not Global Warming.

Be seeing you

5f4ca-Cortez12

 

 

Posted in Uncategorized | Tagged: , , | Leave a Comment »

EconomicPolicyJournal.com: Krugman: Use Taxation to Do Hidden Regulation

Posted by M. C. on March 12, 2019

https://www.economicpolicyjournal.com/2019/03/krugman-use-taxation-to-do-hidden.html

In his latest New York Times column, the sneaky lefty, Paul Krugman, let his guard down and explained that taxation could be used as a sneaky way to regulate:

I guess there’s some case for using taxes rather than regulations to control pollution, since you won’t be telling people directly what to do.

What does he mean by pollution? Like Starbucks, he appears to hold the view that plastic straws from the United States are suffocating the ocean. He writes:

Plastic straws really are a source of ocean pollution.

To understand how misguided this Krugman sentence is, see: The Idiotic Thinking Behind the Elimination of Plastic Straws By Starbucks.

Krugman is nothing but an apologist for the expanding state.

RW

Be seeing you

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

What’s causing Baltimore’s population loss? It’s no mystery

Posted by M. C. on April 2, 2018

No mention of the City’s (and state’s) unfriendliness to gunowners that rivals Chicago. How is that working for you?

If the city doesn’t fix its crime, tax, public school and leadership problems, next year’s census report will be the same.

No mention of one parent “families”, degradation of morality, no sense of pride nor self-respect and media/government/police violence.

The city’s public (GOVERNMENT) school system is a disaster. That situation is self-explanatory. And more government is the answer?

http://www.baltimoresun.com/news/opinion/oped/bs-ed-op-baltimore-census-20180330-story.html

By David Placher

The city’s scary record of 343 homicides in 2017 affirms the city’s well-known reputation as a dangerous place to live. Even if 2018 has fewer homicides, it doesn’t take a fortune teller to predict that this year’s homicide rate will be high. Until the city substantially reduces its homicide and other crimes rates, people will continue to view the city as dangerous and be reluctant to stay or move here. Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , , , | Leave a Comment »

The Hunt for Taxes Brings Down Governments Every Time | Armstrong Economics

Posted by M. C. on January 20, 2018

Speaking the EU and Soros…

https://www.armstrongeconomics.com/world-news/taxes/the-hunt-for-taxes-brings-down-governments-every-time/

COMMENT: Mr. Armstrong; I live in Germany. I wanted to send my father €200 for Christmas. I had to prove where the money came from. It does seem as if there is a major gap between those trading the euro for big banks and the people. I left Romania for freedom. Everything that I fled from has seemed to follow me to the West. Those who cheer the rise of the euro seem oblivious to the reality on the street. We have no real government in place here since nobody won a majority. The clash between freedom and oppression is playing out in silence. I fear this will just explode all of a sudden as it did behind the Iron Curtain.

PB

REPLY: You are not alone. I have several Russian, Hungarian, and Ukrainian friends who all express the same concerns. The fact that you fled to freedom and then see the very aspects of government that made you flee in the first place have taken hold in the West is all part of the cycle. This is simply how Empires, Nations, and Citystates collapse. They are always the same –

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Who Pays What in Taxes?

Posted by M. C. on October 18, 2017

https://www.lewrockwell.com/2017/10/walter-e-williams/who-pays-what-in-taxes/

Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation. Today some politicians argue that the rich must pay their fair share and label the proposed changes in tax law as tax cuts for the rich. Let’s look at who pays what, with an eye toward attempting to answer this question: Are the rich paying their fair share? Read the rest of this entry »

Posted in Uncategorized | Tagged: , | Leave a Comment »

Raising Taxes — ‘Fair Share’ & the Rich | National Review

Posted by M. C. on October 1, 2017

Taxes are like climate change and war. They are a racket.

http://www.nationalreview.com/article/425829/what-democrats-mean-paying-your-fair-share-thomas-sowell

It is one of the many signs of the mindlessness of our times that all sorts of people declare that “the rich” are not paying their “fair share” in taxes, without telling us concretely what they mean by either “the rich” or “fair share.” Whether in politics or in the media, words are increasingly used, not to convey facts or even allegations of facts, but simply to arouse emotions. Undefined words are a big handicap in logic, but they are a big plus in politics, where the goal is not clarity but victory — and the votes of gullible people count just as much as the votes of people who have common sense.

More

Yah, MORE! That’s what I want, MORE!

Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

Taxes, Who Pays Them And A Big Thank You

Posted by M. C. on April 19, 2016

Taxes

From Webster’s Seventh Collegiate Dictionary 1971 Edition. A well worn gift from the recently deceased Jeanne O.

Steal:

1. to take the property of another

1b. to take away by force or unjust means

Sounds like taxes to me, I like this definition of taxes

The fine you pay for the crime of being useful and productive.

Taxpayers roughly follow Pareto’s law (no matter what low information protestors and lying politicians say)– the top 20% do 80% of the work. If you belong to a club you have likely experienced Pareto’s law.

Americans Earning Six Figures or More Pay Nearly 80% of Individual Income Taxes

Alternatively Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , | 1 Comment »

The jobs bill Nightmare on Pennsylvania Avenue-Halloween will be early

Posted by M. C. on August 20, 2011

Come September we will be treated to Obama’s next big plan. Yet another attempt to save the economy. What do you bet it will consist of make-work projects funded with yet more borrowed money? It won’t be shovel ready jobs because they seem to be missing. Except for shovel ready grandma. Read the rest of this entry »

Posted in Budget | Tagged: , , , | 2 Comments »

Just give Uncle a little extra in your April taxes

Posted by M. C. on August 12, 2011

Letters to the Editor regular Mr. Talarico took aim at Grover Norquist in today’s Erie Times News. Norquist is described as an angry man with a hostile attitude toward government. That sounds pretty good to me! Read the rest of this entry »

Posted in Budget | Tagged: , , , , | 3 Comments »