The purpose of domestic taxation is two-fold. 1) It raises revenue for the government, without which it couldn’t do what we want it to do for us. And, 2) if but only if consumption of the product is discretionary, it… Read More ›
taxes
POLITICAL ECONOMY MADE SIMPLE
Paying $3.99 for diapers instead of $4.19 gives Mom 20 cents more she can spend on lean ground beef instead of mostly filler. And that’s a good thing for kids. But governments need to fund themselves, and the ‘fairest’ way… Read More ›
TRADE, TAXES, AND TARIFFS
Here’s another from the Words-No-Longer-Mean-What-They-Did file. In talking about free trade, what’s the contrast class? It can’t be compelled trade, since that would just be a synonym for expropriation. And yet by free trade we don’t just mean trade that… Read More ›
SINGLE-PAYER HEALTHCARE
Thomas Hobbes tells us that in the state of nature, as distinct from that of civil society, “the life of man [is] solitary, poor, nasty, brutish, and short.” Which is not to say the same can’t be said of some… Read More ›
Paulosophical Vimplications 