The dreary 21st century
During the final two decades of the 20th century, readers of the financial press were treated to one positive news...
Taxation
Batchelor Interviews Henderson on Capital Gains Tax Increase
I posted last week on my Defining Ideas article on why California Democrats should oppose President Biden’s proposed increase in...
California State Government Will Lose Big from Capital Gains Tax Increase
President Biden has proposed raising the top federal tax rate on long-term capital gains from its current level of 20...
Double taxation of coconuts
I am often surprised by how many commenters say something to the effect, “I don’t get how taxing capital income...
The Case Against High Marginal Tax Rates
President Biden will soon present his proposal for increasing income tax rates and tax rates on capital gains on high-income...
Dean Baker on wealth
In the past, I’ve poked fun at progressives who don’t seem to know what they want. The wealth tax on...
Charles Barkley Articulates the Benefit Principle
There are various versions of the benefit principle of taxation. One is the James Buchanan/Knut Wicksell version, which says that...
