On Tax Day this year, about a dozen left-wing millionaires joined with some of the most liberal Democrats in Congress for a Washington, D.C., press conference. The luminaries included Abigail Disney, Walt Disney's granddaughter, and former BlackRock whiz kid Morris Pearl. The group argued that it wants to pay more taxes and urged new tax laws with a tax rate as high as 90% for the super-rich due to concerns, it said, about having too much money, which evidently contributes to income inequality. This "tax me more" coalition calls itself the "Patriotic Millionaires." Other prominent ...
Government debt as a share of the U.S. economy is falling. This must mean the Biden administration and Congress are practicing fiscal responsibility, right? No, it doesn't. The main driver behind the ...
Republicans and Democrats have been tripping over each other to tell voters how committed they are to making zero changes to Social Security and Medicare. Meanwhile, the Social Security and Medicare ...
Imagine someone close to you has a drinking problem. Night after night, he goes out to the bars on wild binges, chugging down 10 to 12 beers a night. But then, in a supreme effort ...
When new British Prime Minister Liz Truss suggested lowering the United Kingdom's highest tax rate from 45% to 40%, along with a 1% reduction in the income tax rate for all ...
"We cannot let the cure be worse than the problem itself," tweeted the president on Sunday night, adding that, after the current 15-day shutdown, "we will make a decision as to ...
There is no quality more fleeting than modernity and nothing staler than an analysis of a past crisis that was written at the time it was happening. The problem with our present ...
On Nov. 3, 1969, Richard Nixon, his presidency about to be broken by massive antiwar demonstrations, called on “the great silent majority” to stand by him for peace ...
Anyone who has two brain cells to rub together for warmth on a cold winter morning knows that this whole "fiscal cliff" debate is nothing more than a petty squabble over ...
“Are the good times really over for good?” asked Merle Haggard in his 1982 lament. Then, the good times weren’t over. In fact, they were coming back, with the ...
In the abstract world of economic thought, certain abstract thinkers have come upon the idea that “stimulus” spending will cure what ails you. This pleasant bromide ...
When the April figures on unemployment were released May 4, they were more than disappointing. They were deeply disturbing. While the unemployment rate had fallen from 8.2 ...
As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to ...
I spent the Memorial Day weekend as a guest of Professor Hans-Hermann Hoppe’s Property and Freedom Society at their annual conference in Bodrum, Turkey. It was a wonderfully ...
With his approval rating moving up to 50 percent and higher in some polls, the pundits are all agreed. President Obama has turned the corner. He is now the winter-book favorite in ...
Otto von Bismarck is said to have proposed the following solution to the Irish Question: Move all the Irish to Holland and all the Dutch to Ireland. With their industriousness, ...
Subscribe to Taki's Magazine for an ad-free experience and help us stand against political correctness.
Join NowSign up to receive posts
