You are currently browsing the Armchair Economist weblog archives for the day January 23, 2008.
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Archive for January 23, 2008
Fairness
January 23, 2008 by Tom Armstrong.
The Left like to talk about being “fair.” Ok, let’s be “fair” to all and slash marginal tax rates for the wealthy–because that’s the “fair” thing to do. I’m sure, however, my definition of “fair” is not conducive to the Left’s political agenda. Notable:
In fact, as the chart below shows, the bottom 20% receive $23,176 more per year in federal spending than the pay in federal taxes. The top 20% pay $38,939 more in federal taxes than they receive in spending. This is in no small part due to the fact that so many low-income families have no income tax burden after applying their credits and deductions.
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Say’s Law
January 23, 2008 by Tom Armstrong.
Hillary Clinton and Say’s Law.
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Today’s quote
January 23, 2008 by Tom Armstrong.
Libertarian quote of the day:
The American republic will endure until politicians realize they can bribe people with their own money. Alexis de Tocqueville
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Permanent income basics
January 23, 2008 by Tom Armstrong.
A primer on permanent income.
(HT: Cafe Hayek)
Of course, you can read more about Dr. Friedman’s theory here.
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