Tag Archives | taxes

How to Bamboozle a Billionaire

Continuing his “hey, let’s get to know normal people” tour, Facebook’s Mark Zuckerberg and his wife traveled to Alaska and came back with some musings on the “basic income,” the idea of giving everybody in the country a monthly check to live on whether they do any work or not. But in drawing on Alaska […]

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7 Ways to Roll Back the Welfare State

In my recent critique of “reform conservatives,” I challenged their assumption that it is politically impossible to take on the welfare state, which leads them to conclude that they should instead harness the welfare state for conservative ends. In response, I wrote: The question we need to be asking is not: how can we reform […]

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What Is Ted Cruz Running For?

LYNCHBURG, VA – What is Ted Cruz running for? I mean, he’s running for president, of course. But for what reason is he running? What is his goal, how is he selling himself to the voters—and what does he want to do with the office if he gets it? The Federalist asked me to go […]

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The Trovato Report

The demonstrations and riots in Ferguson, Missouri, had burned themselves out, in part because it was hard to sustain the outrage against “racist cops” after the narrative about the shooting of Michael Brown fell apart. No, he wasn’t an innocent kid; he was a brutish strong-arm robber. No, police officer Darren Wilson did not attack […]

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Anti-Middle-Class Economics

Well, that was quick. After less than two weeks, President Obama has dropped his plan to tax withdrawals from the “529” college savings plans widely used by middle-class parents. The proposal was never even remotely likely to see the light of day, nor was it worth debating on its merits. It was an outright money […]

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What Happened to the Tea Party?

It has been five years since the Tea Party movement broke out as a national phenomenon. It began, of course, with Rick Santelli’s “rant heard ’round the world” in February of 2009, which brought widespread attention to the idea of a modern revival of the revolutionary anti-tax fervor behind the Boston Tea Party. But the […]

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The Spirit of Resistance

In a stunning development, Speaker of the House John Boehner was forced Thursday night to drop his “Plan B,” a bill that would have raised the top marginal rate on people with incomes over $1 million. The theory was that Boehner could undermine President Obama’s position in the fiscal cliff bargaining by caving in to […]

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The Fiscal Cliff Agenda

In an unusually rambling piece (from which I am transmitting only the central paragraphs), George Will gets to the epistemological heart of the “fiscal cliff”: “[S]pending is the main culprit” because: Today federal revenue is $2.67 trillion (slightly less than “the Clinton equivalent”) and spending is $3.76 trillion, so we are spending $987 billion more […]

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