Any method of allocating resources other than the free market price system ultimately leads to tyranny. Yet the Occupy Wall Street Non-Leaders, presumably opposed to tyranny, have said many times that they want a “democratic economy”. There simply is no such thing....
Taxes
Tinkering With Business
When I was a graduate student in London right after the earth cooled, 1968-1970, Harold Wilson was the Prime Minister, and Keynesian Economics ruled his Labor Party from Cambridge. At London School of Economics the teaching was more ChicagoSchool, so our professors...
Tax Leadership Begins at Homes
My career focus has been on commercial real estate for almost forty years, and I am therefore tangentially interested in the housing market—and I also own a home with a mortgage. I must be missing something about the home mortgage interest deduction (MID). Real estate...
2020 Vision: How to Fix the Next Ten Years in Ten Steps: Step Four
4. For 2011, every branch and department of government at every level, except Defense, will have to get by on ten percent less income, including salaries. Let the government’s skilled managers decide how to accomplish this reduction in each department at every level;...
Advice to current Economic Policy Makers: Take a Hayek
Where has F.A. Hayek been all my life? Thanks to our sons, I'm reading The Road to Serfdom, written by Hayek when he was at the LSE in 1944. Hundreds of thousands of copies have been read since then, but even though I was an Econ major in 1968, somehow I missed his...
2020 Vision: How to Fix the Next Ten Years in Ten Steps : Step Two
2. Above a floor of minimum untaxed income, set the personal income tax at 19% for families with children. The rate for singles and couples without children will be slightly higher. The tax will be the same on all forms of income, with no deductions for mortgages,...
2020 Vision: How to Fix the Next Ten Years in Ten Steps : Step One
1. Set the corporate tax rate at 20%. Then, except to undo or reduce them, take an immediate holiday from any further business regulations or taxes for at least twenty-four months, to allow businesses to plan and implement job creation with relative certainty about...
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