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The Income Tax at 100
American.com, by John Steele Gordon

Original Article

Posted By:eagleblurst, 2/4/2013 11:05:48 AM

Politics can have a very long reach. Today the federal tax system is a national disgrace: 4 million words, tens of thousands of special favors to rent-seeking individuals and companies, hopeless complexity. It is contradictory, arbitrary, duplicative, and deeply injurious to the federal fisc, American democracy, and our place in the world. But had Rufus King, a delegate from Massachusetts to the Constitutional Convention, received an answer to a reasonable question in 1787, or had a Supreme Court justice not changed his mind...

  

Post Reply  

Reply 1 - Posted by: Axeman, 2/4/2013 12:52:18 PM     (No. 9157722)

Burn it all.


Reply 2 - Posted by: crimea river, 2/4/2013 2:26:11 PM     (No. 9157935)

Sad as it is to admit, the 16th Amendment was ratified by a large margin by the states. The western states figured they would receive more than they paid and voted overwhelmingly for it. Little did they see the price in freedom that they would pay.


   

 

  


 

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Below, you will find ...

Most Recent Articles posted by "eagleblurst"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "eagleblurst"



The Income Tax at 100
American.com, by John Steele Gordon    Original Article
Posted By: eagleblurst- 2/4/2013 11:05:48 AM     Post Reply
Politics can have a very long reach. Today the federal tax system is a national disgrace: 4 million words, tens of thousands of special favors to rent-seeking individuals and companies, hopeless complexity. It is contradictory, arbitrary, duplicative, and deeply injurious to the federal fisc, American democracy, and our place in the world. But had Rufus King, a delegate from Massachusetts to the Constitutional Convention, received an answer to a reasonable question in 1787, or had a Supreme Court justice not changed his mind...

Can the GOP Be Saved?
The Myth of the Demographic Fix
American.com, by Lee Harris    Original Article
Posted By: eagleblurst- 1/30/2013 11:21:01 AM     Post Reply
The four more years that the American electorate has granted President Obama will most likely be spent by the Republicans in feuding over the soul and destiny of their party. From the point of view of making the next Republican presidential nominee electable, it is difficult to imagine a worse strategy. After all, the last great Republican feud — the one that broke out between President Taft and Teddy Roosevelt in 1912 — ended in the election of a Democrat, Woodrow Wilson, and the current feud may put yet another Democrat in the White House in 2016.

Our Greatest Civic Ritual
American.com, by Michael R. Strain    Original Article
Posted By: eagleblurst- 11/6/2012 3:54:56 PM     Post Reply
This year my polling place was across the street from my apartment. Nice, I thought. I showed up at 6:05am wearing a pullover and no coat, expecting to be in and out. It turns out that they had five voting booths and a line that went on for blocks. There was a guy ahead of me in line wearing a gorilla suit. His vote counts the same as mine. It was 40 degrees out.

Are We Doomed No
Matter Who Wins?
American.com, by Michael M. Rosen    Original Article
Posted By: eagleblurst- 11/6/2012 3:26:49 PM     Post Reply
With Friday’s jobs report confirming the weakness of our economic recovery, the fiscal cliff rapidly coming into view, and American influence abroad continuing to erode, someone has to ask: is America doomed no matter who wins the presidential election? At first glance it certainly appears that way. Let’s begin by assuming that Mitt Romney ekes out a victory, winning the national popular vote by a point or two and capturing 275 electoral votes or thereabout. If Romney prevails — and I fervently hope he does — it will most likely be by slim margins such as these.
Headline split by staff.

   

 

  


 
Did President Obama Restore Science
to Its Rightful Place?
American.com, by Alex B. Berezow    Original Article
Posted By: eagleblurst- 11/5/2012 3:45:18 PM     Post Reply
On a whole host of issues, Obama has placed politics before science. In his 2009 inaugural address, President Barack Obama promised to “restore science to its rightful place,” in addition to making the government more transparent and accountable. Millions rallied to his cause. Four years later, how has he done? Unfortunately, not well. On a whole host of issues, Obama has placed politics before science. We will examine just three of them: vaccines, the BP oil spill, and “Cash for Clunkers.”
Headline corrected by staff. Author's name corrected by staff.

Understanding Romney's
Approach to Taxes
American.com, by Steve Conover    Original Article
Posted By: eagleblurst- 11/2/2012 11:43:34 AM     Post Reply
Republican presidential candidate Mitt Romney has made tax reform a centerpiece of his campaign. His catchphrase description of the proposal is “lower the rates and broaden the base,” a concept that enjoys support not just from other Republican candidates, but also from Federal Reserve Chairman Ben Bernanke and the Bowles-Simpson Fiscal Commission. But that catchphrase immediately introduces a problem: for the most part, only wonks know what “broaden the base” means. What follows is a two-step clarification of the concept.

Internet Search and the
Nature of Competititon
American.com, by Robert H.Bork and Gregory Sidak    Original Article
Posted By: eagleblurst- 11/1/2012 10:57:21 AM     Post Reply
Antitrust law protects consumers by protecting the competitive process — not individual competitors. Since 2010, U.S. and EU antitrust agencies have been investigating Google’s search practices. We’ve written a new white paper applying a Chicago School analysis to the potential legal theories against Google, finding that many of them face significant legal hurdles. Notably, Google’s critics, consisting mainly of its competitors, have alleged that Google is making it more difficult for them to compete in Internet search by including “specialized” search results in general search pages.
Headline split, author names corrected by staff

It Is Time to Stop
Putting Food in Our Cars
American Magazine, by Ken Green    Original Article
Posted By: eagleblurst- 10/31/2012 10:51:06 AM     Post Reply
The ethanol mandate continues to do more harm than good — inflicting environmental damage, raising food prices, and distorting energy markets. Two recent developments warrant a reexamination of the fuel ethanol issue. First, on August 20, 2012, the Environmental Protection Agency (EPA) issued a call for comments on suspending the renewable fuel standard (RFS), sometimes known as the ethanol mandate: EPA is seeking comment on letters requesting a waiver of the renewable fuel standard and matters relevant to EPA’s consideration of those requests. Governors of the states of

Energy Is Everywhere
American.com, by Kenneth P. Green    Original Article
Posted By: eagleblurst- 10/24/2012 9:50:05 AM     Post Reply
There is no substitute for energy. The whole edifice of modern society is built upon it ... It is not “just another commodity” but the precondition of all commodities, a basic factor equal with air, water, and earth.—E. F. Schumacher, 1973 Energy costs are experienced in many ways in American society. There is, of course, the cost of energy you pay for directly, such as your monthly electricity and gas bills, gasoline, and so on. But people also pay for energy that they consume indirectly — that is, in the goods and services they consume.
Author corrected by staff

   

 



 
From McGovern to Obama
American.com, by Michael Barone    Original Article
Posted By: eagleblurst- 10/22/2012 3:40:45 PM     Post Reply
If you look at the map of the states where McGovern ran ahead of his national average, you see something very much like the map of the states carried by Obama. Others who knew George McGovern much more closely than I have written warm remembrances of the former South Dakota senator and 1972 Democratic presidential nominee; see, for example, Bob Dole’s article in the Washington Post. But I feel some personal closeness to him, not just as a not entirely unrepentant McGovern voter and supporter in 1972, but also as a one-time neighbor — in Diamond Lake, Illinois, in 1947.

The Tragic Demise of Fannie Mae
American.com, by Alex Pollock    Original Article
Posted By: eagleblurst- 10/22/2012 3:25:59 PM     Post Reply
James R. Hagerty’s new book, The Fateful History of Fannie Mae: New Deal Birth to Mortgage Crisis Fall, shows how hard it is for administrations throughout history to know what they are really doing in their political attempts to manipulate the housing market. As Hagerty explains, the Eisenhower administration, working through the Housing Act of 1954, tried to wean Fannie off the government’s credit and make it operate with private capital. It succeeded instead in creating the essence of the fateful and costly government-sponsored enterprise (GSE) structure.

The Scariest Day of My Life
American.com, by John Steele Gordon    Original Article
Posted By: eagleblurst- 10/22/2012 2:51:33 PM     Post Reply
As the month of October progressed in the prosperous year of 1962, the country was preparing for Halloween, harvesting the last of the crops, attending football games, and getting ready for winter. It seemed a peaceful time, at least by Cold War standards. But unknown to the public—and certainly unknown to this 18-year-old freshman at Vanderbilt University—the greatest crisis of the Cold War was brewing.



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