From the Wall Street Journal today ( $ ): “Administration aides yesterday also didn’t rule out expanding the amount of wages subject to the payroll tax.... The administration is aiming to require people reaching retirement age to use their account assets to buy annuities.... Only the assets above and beyond that level could be passed on to heirs
I’ve wondered when we would start seeing arguments like the following, from Keith Halderman of the Liberty&Power blog . He argues that the cap on earnings subject to FICA taxes should be lifted because: “at least [the tax] would become less regressive. More importantly, if the pain of the tax program were to spread upwards to the more influential
CBS Marketwatch : “The surprising thing about the private investment accounts proposed as a Social Security reform and considered a hallmark of an ownership society is that they’ll likely leave account owners with little direct control. Workers will be offered few investment choices, won’t be able to access the money until retirement, and some
Here Richard Posner argues against a free market and for mandatory savings and hence for Bush’s privatization program: “[I]t is plausible to model the individual as a succession of selves with different preferences. A young person may dislike the idea of growing old and may be inclined therefore to refuse to make provision for his old self. The
“The old quip was that a neoconservative was a liberal who had been mugged. Well, let me tell you about my night on Monday...” Thus begins this scary post by Gene Callahan, author of Economics for Real People and current graduate student at the London School of Economics. Gene, this blog sends sympathy and best wishes for a speedy
If you want a boost, read through the 1,200 signatures on the Hoppe Blog . It certainly impresses you with its internationalism (Poland, Russia, China, Brazil, Spain, Lithuania, and on and on) and its interdisciplinary appeal (economics but also history, philosophy, natural sciences, engineering, and more). This recent comment jumps out: I’d like
Entrepreneur Charged With Tax Evasion : WASHINGTON - Telecommunications entrepreneur Walter Anderson was arrested and charged with evading $200 million in federal and local taxes in what the government said was the largest criminal tax case ever against an individual in the United States. [...] “He was living the high life,” said the Internal
The incredible frenzy generated by UNLV’s failure to defend Hans-Hermann Hoppe’s academic freedom continues to produce fallout for both Hoppe and libertarian theory. On the one hand, there is the inspiring list of names at the Hoppe Victory Blog (sign here ). On the other hand, there are those bloggers and letter writers who know nothing of Hoppe,
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
