There has been much maligning of the short-term loaning practice known as Auto Title Loans and Payday Loans. Some US states have even outlawed the practice of Payday Loans, comparing the practice to “loan sharking”. It is my opinion that this is misguided. When a consumer has no credit or bad credit, where are they…
In the previous installment of the Death by Taxes series, we learned about Beardsley Ruml’s contribution in establishing the withholding tax. This most influential of unknown people in American history deserves a closer look. He had some important things to say about why we pay federal income taxes that may surprise you.
In the first two installments of the Death By Taxes series we discussed the history, motivation and reasoning for adopting an income tax and its ramifications for both consumers and entrepreneurs. In this third installment, we will discover “Cui bono” or who benefits the most from the income tax. The truth is far from what…
In the article “Death by Taxes: A Sordid History” we discovered how the 16th Amendment was an egregious invention of those who hold to the socialist idea of “the ability to pay”. In this article, we’ll delve more deeply into the idea that successful businesses owe their prosperity to using government provided services. Also, we…
April is the time of year when I reflect back to the passage of the 16th Amendment and the Federal Reserve Act. Two juggernauts that have done more damage to our standard of living than any other pieces of legislation. There is nothing good about being taxed, especially having your income taxed. It is…
Earlier this week I was on Liberty Talk Radio with Joe Cristiano. We discussed everything from Creative Destruction to the Nissan Leaf. We had a good time and it looks like I’ll be back on again. Joe is on the air every week day from 8am to 9am Central Time at http://www.libertytalkradio.com. Give him a…
Many of you remember my review of Garry Reed’s first collection of his libertarian work, “Selected Salvos from the Loose Cannon Libertarian”. Well, he’s at it again. In his second addition to the Fun and Freedom genre, as he puts it, “Selected Salvos 2 from the Loose Cannon Libertarian” takes the reader into the school…
The Blue Collar Economist 