Tax Revolts of various Type

Steve Hanke gives a good presentation of the dangers within Monetary and Fiscal policy, the greatest being a Time frame element where Releases and Clamps are invariably mis-timed by the Period of implementation. Students should realize that Contraction data always arrives some 60 Days after the management decisions which produced the data, and Implementation Times have a Delay Period of almost 30 Days (Second-source after current Contracts have been completed, the policy affecting the Contracts negotiated post Policy decisions will show up in later months). This means that the most rapid fiscal and monetary policy is always 90 Days late. Economists searched throughout history for economic models universally applicable which would minimize Recessive conditions, without restricting Growth conditions. It remains the source for my insistence on maintaining the Fed Funds rate at 4.2% forever, simply to maintain a Constant flow of Capital funds variable only by Consumer Demand and Investment opportunity.

Political Calculations, the blog, holds to truths which are self-evident, but also utopian. Transparency of Tax brings abrogation of Tax, as it only clarifies the real escape mechanisms for Tax evasion. Neutrality becomes impossible immediately upon provision of Tax exemptions for political contributions–Corruption advances from merely Profitable forward to provisionary of Protection. A broad Tax base simply expands the Numbers desirous of escaping that base, mostly exhibiting multiplex level of special Tax clauses, all funded by Tax-free political contributions. No one wants a Simple or Stable Tax; simplicity breeds increased Tax payments, while Stability brings decline of Tax Management Services. The call for no retroactive tax stands as a nonsensical demand, as all Taxes are retroactive, Cash demanded after you have finally managed to make some; Tax personnel highly cognizant of trying to draw Blood from a Stone. Low Taxes defeat the desires of All; not paying for Government, not guaranteeing employment for the Tax Preparation industry, and not inciting Taxpayers to hide their Cash. Their provisions for free Trade, Open process, getting Local, State, and Federal levels to flow in common, beneficial direction expresses desire for a World of the Magi, never witnessed in the history of Man. I am with Political Calculations in Spirit, but Material Gain insists I deal in the whorehouse.

I provide this last article, not because I agree with James Galbraith so much, as it is an important Read which touches many of the bases. He tries to imply, as I try to yell from the rooftops, that the major thing wrong with the American economy is Americans. We blame Everyone but Ourselves for our own economic delinquency. The great Crime of foreigners comes in the form that they provide American desires with cheap, efficient Product, so We Americans can overindulge in conspicuous over-Consumption. I have already proposed an applicable Income Tax on foreign labor on Income earned on production for American Sale, payable to the IRS; don’t see anything wrong with it, as We tax Workers in Texas for Goods which they sell in New York lgl