Monday, May 1, 2017

Lower Taxes?

“The only purpose of education is to teach a student how to live his life — by developing his mind and equipping him to deal with reality. The training he needs is theoretical, i.e., conceptual. He has to be taught to think, to understand, to integrate, to prove. He has to be taught the essentials of the knowledge discovered in the past — and he has to be equipped to acquire further knowledge by his own effort.” – Ayn Rand
This is not the agenda we push in schools today.
Russian warship sinks after collision with another vessel.  But we need to be afraid that Syria, Russia, North Korea and China are going to attack us at any moment?  Give me a break.
Mises is not a complete open border guy FYI.  He understands that if we had complete free market capitalism and freedom of (and from) association, then closing the border to maintain a language, culture, heritage would be fine.  I agree with Mises.
In short, the Venezuelan crisis is anything but a crisis caused by the fall in oil prices. Not all oil-exporting countries are undergoing crises, and those countries that do suffer from a crisis do so much less severely than Venezuela.
The Venezuelan crisis has its roots in 21st century socialism and in the economic dirigisme that the political doctrine preaches. The fall in oil prices is nothing more than the event that uncovered the corpse of what used to be Venezuela’s economy.”

My advice:  Dig deeper and understand the root cause of the issues.  Stop echoing the political echo chamber!


This is a telling and important article.  So read it! But here are three important quotes:

All of this is wonderful, but the shining light of this plan is the dramatic reduction in taxes on corporate profits. The economics of this are based on a simple but profoundly true insight. Economic growth is the key to a good society. This is where good jobs come from. This is how technology improves. This is what gives everyone a brighter outlook on life. If you can imagine that your tomorrow will be more prosperous and flourishing than today, your life seems to be on track.


If this tax plan goes through, the entire class of entrepreneurs, investors, and merchants will receiving a loud signal: this country is safe for you to realize your dreams and make the dreams of others come true.

What I love most about this plan is its real-world economic foundation. It embraces a truth that so many want to avoid. If you want jobs, rising wages, and economic growth, you have to stop the war on capital. You have to go the other way. You need to celebrate capital and allow rewards to flow to those who are driving forward economic progress.


In short, here is my view of the proposed tax cuts. I am supportive of any and all tax cuts down to 0 dollars.  IF we have a government, it should be voluntarily funded.  

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