Sunday, May 2, 2010

Prop 100 Gateway Drug to Higher State Taxes


Mr. Quinlan sure makes a compelling case. If only most Arizonans were well enough educated to understand graphs of demand & supply curves so I could demonstrate how raising taxes actually decreases tax revenues (and, even more importantly, if I could help them understand why the gov't intentionally does static forecasts of revenue changes from proposed tax increases and tell how the luxury tax on yachts in America only destroyed our domestic yacht industry & put many lower- & middle-income Americans out of work). But perhaps it just serves us right as fallen humans when we seek revenge on the rich through taxes.

Saturday, May 1, 2010

Warped View of Budgeting


Note the paragraph near the top of the middle column that begins, "The price tag of the tax cuts ..." Some people have a very distorted view of government money management, as if the government earns it own money & then decides to donate money to businesses in the form of tax cuts. The truth is that tax cuts are less money being stolen from businesses by government.