Archive for the ‘Tax Policy’ Category
How did the IRS mess happen?
By: Les Dunaway
On Thursday and Friday mornings, as is often the case, the Wall Street Journal published two articles which focus on the “How?” and the “Why?” of things. In the process, these two articles give some clear insight into the “Who?” of this disgrace to our nation.
Money Dissapearing Act in GA? – AFP
Video from Americans for Prosperity Georgia on the Invest in Georgia Fund.
Next step: Eliminate Georgia’s income tax
By: Randy Evans
With Georgia’s 2013 General Assembly winding up, Georgians can be thankful that the legislature has again guided Georgia through some tough economic times. Balancing budgets (as Georgia must do under its Constitution) during tough economic times is no easy task. This is especially true as unfunded federal mandates take full effect, including no less than the Affordable Care Act.
Notably, Georgia’s General Assembly and Gov. Nathan Deal have balanced Georgia’s budget (again) without raising Georgia’s income taxes or the state’s sales tax. Instead, Georgia’s elected officials accomplished this feat by cutting expenses and managing effectively Georgia’s revenues.
Kill the Fed? – Then what?
By: Les Dunaway
The subject of the Federal Reserve has generated a lot of smoke, but little light. In my opinion, the Federal Reserve must be changed, a LOT.
However, it performs required functions not related to the creation of imaginary wealth which has caused such suffering. Those who shout ”Kill the Fed!” with no understanding of or consideration for those functions and their absolute necessity make the rest of us who share the belief that the Fed is a “clear and present danger” look like members of the tinfoil hat brigade. I resent that and I hope, somehow, all that energy can be channeled to solving the problem rather than just ranting.
There’s no question that change is needed. There is also no question that it will be a big, nasty job. It will take time – time to work out how and time to implement. In the meantime, there are immediate steps that can reduce the danger (below).
Part of the nastiness of the job comes from the need to, once and for all, drive a stake through the heart of Keynesianism. Read Milton Freidman’s Money Mischief: Episodes in Monetary History . If anyone wants to see Keynesianism in action take a look at Greece, Spain, Italy, … and read about how “austerity won’t work, we need to spend more to help growth” – how’s that working out?
