Mises Search

  Nomenclature and in particular, catchy phrases and slogans, are integral to the institution and leadership of political action and violence as well as simplifying or condensing the rationale for such action into neat and all encompassing phraseology. Take for example, “from each according to ability, to each according to need.” This trite phrase

The Mongolian state on May 12th imposed what it has termed a “windfall profits” tax on mining carried out in that country. The law constitutes a 68% tax on profits from mineral sales when the copper and gold price are above US$1.18 a pound and US$500 per ounce respectively. This tax is so punitive that its imposition is tantamount to

On November 2, 2007 the US House passed a new mining law that mandates a 4% gross royalty on existing mines and an 8% royalty on future mines on public lands. The royalty, if imposed, represents expropriation over and above the corporate income tax mining companies presently have to pay. It also represents the common view that the proceeds from