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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...

      


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

Burn it all.

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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 ...

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Posted By: eagleblurst- 3/10/2014 9:49:24 AM     Post Reply
John Maynard Keynes famously observed, “when the facts change, I change my mind. What do you do, sir?” Evidently the same may not be said of the U.S. Treasury regarding the appropriate size of the International Monetary Fund. While the U.S. Treasury is all too ready to argue the case for a bigger IMF when circumstances appear to justify such a move, it has been reluctant to revise its assessment now that changed circumstances indicate a smaller IMF is preferable.

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Posted By: eagleblurst- 3/6/2014 10:16:26 AM     Post Reply
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Posted By: eagleblurst- 3/5/2014 9:52:01 AM     Post Reply
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Posted By: EagleBlurst- 3/3/2014 3:30:27 PM     Post Reply
To optimists, the recent arrest in Mexico of the world´s most wanted drug lord, Joaquin “El Chapo” Guzmán, and Mexico’s bloody drug war generally, are proof that the Mexican government is standing up to the cartels. But pessimists look at Mexico and see a failing state on America’s border. More than 80,000 people have been killed in Mexico’s brutal conflict, with the victims beheaded, shot, tortured and worse. Civil authorities regularly quit or join the warlords, and entire towns have been depopulated as government forces and drug cartels vie for control.

   

 

  


 
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Posted By: eagleblurst- 2/28/2014 9:26:29 AM     Post Reply
Yesterday, House Ways and Means Committee Chairman Dave Camp (R-Michigan) unveiled the most sweeping, elaborate, and aggressive income tax reform proposal in a generation. His plan is the result of years of effort that have included bipartisan outreach, dozens of hearings, and thousands of hours of staff time. He deserves enormous credit for pursuing such a challenging task, especially considering the daunting politics and logistics involved.

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Posted By: eagleblurst- 2/26/2014 10:01:21 AM     Post Reply
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Posted By: eagleblurst- 2/21/2014 9:43:28 AM     Post Reply
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Posted By: eagleblurst- 2/19/2014 10:04:54 AM     Post Reply
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Posted By: eagleblurst- 2/18/2014 12:17:24 PM     Post Reply
Venezuelan President Nicolás Maduro is fighting a losing battle to salvage his regime, and student demonstrations that will continue today are only one of his problems. As details of his government’s bankruptcy are made public, his political base will continue to splinter. And as he follows Cuban advice to use brute force against peaceful demonstrators, the nationalist military will find the growing violence intolerable. In short, Maduro’s condition is terminal. According to a source in Venezuela’s Central Bank, the country’s international reserves have dwindled to $21 billion — less than half the reserves of Colombia, an economy of the same

   

 

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Posted By: eagleblurst- 2/14/2014 9:41:32 AM     Post Reply
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Posted By: eagleblurst- 2/12/2014 10:09:04 AM     Post Reply
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Posted By: KarenJ1- 3/11/2014 9:52:14 PM     Post Reply
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