Free Republic

Almost by definition liberal Democrats know little about how economies work, and nothing about dynamic scoring which is the predictable result of a tax increase upon human behavior. They cling to their child-like notion that the only time taxation changes behavior is when THEY say it will as in piling tax upon tax on the cost cigarettes to curtail teenage smoking. In New York State they are learning a harsh lesson about excessive taxation on tobacco products and dynamic scoring. New York liberals are getting their noses rubbed in reality by the unexpected backlash to the huge tax increase on...

FREEPER HELP NEEDED Due to the to tearing down the legacy of Adam Smith in liberal economics departments in favor of such economists as Karl Marx which has been going on for the better part of the last century I am doing everything I can to save what I can of it. I based the following letter to students on stories told to me by my late economics professor. In the last 20 years I’ve ran across bits and pieces of them, but now I am having trouble coming up with the slightest hint of them! I am sending out...

WITH April 15, comes the perennial debate over the fairness of the tax burden. Liberals say the rich pay too little; conservatives argue that the rich get soaked. Conservatives often cite these statistics: the top 5 percent of taxpayers pay 57 percent of federal income taxes, the top 1 percent 36 percent, and the bottom 80 percent a trifling 17 percent. But this argument ignores the payroll tax, which finances Social Security, as well as excise taxes on things like liquor or tobacco. These take their biggest bite, proportionally, from lower-income Americans. Income tax will account this year for 42...