I have written on this subject before, and now the effects of high taxes and population migration are playing out in a substantial, political way: the decline of about 40% of Congressional seats in the northeast. According to the Census Bureau, high taxpayers are moving south. It notes that in the 11 states that comprise […]
The Tax Foundation released its first global stat called the “International Tax Competitiveness Index”. This index aims to measure two criteria, competitiveness and neutrality, by examining “the extent to which a country’s tax system adheres to”, these “two important principles of tax policy”. The index accounted for more than 40 tax positions and policies. In […]
Just like the recent rise of business inversions — moving business HQ abroad — the United States has seen an uptick (up 221%) in Americans renouncing their citizenship. The elephant in the room in both these cases is taxes: both high taxes and burdensome tax compliance in foreign jurisdictions. Instead of facing the problems directly, […]
This week, the Commonwealth rewards her citizens for getting prepared for hurricane (or derecho… or tornado… ) season by allowing us to purchase the preparatory supplies for the impending storms sales-tax-free. (Reminiscent of the days when I used to run a restaurant and kids would ask for a raise based on their accomplishment of ‘being […]
It’s been a bad week for the government-is-your-trustworthy-benefactor crowd. On Wednesday, three credible witnesses torpedoed Obama Administration claims about what officials knew and when they knew it during and after the terrible September 11, 2012, attack on our consulate in Benghazi, Libya, which left four Americans dead. Then on Friday morning, ABC News reported that […]
Economists from Italy and Portugal – two of the biggest victims of Faux-sterity – reveal, again, that spending cuts are better for balancing budgets than tax increases. They also say it’s better to go big than to go long.