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Every party is entitled to ‘an equal dispensation of protection, rights, privileges, and advantages’

When a group or groups of people see another group or sect getting something that the first group does not get – or worse, is forced to supplement – then divisions increase. These divisions can and sometimes do lead to violence.

The post Every party is entitled to ‘an equal dispensation of protection, rights, privileges, and advantages’ appeared first on Personal Liberty®.

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The Double Tax on Saving

In an earlier post I argued for expanding tax-deferred retirement accounts because they eliminate the double tax on saving that exists under the current tax system. Here is the basic idea. People earn income and pay income tax on that income. If they save it and then earn interest (or dividends, or capital gains,…
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A new “Stamp Act”

Congressional Republicans working on a tax reform bill are considering changes in the way advertisement is taxed as a business expense. Currently, advertising spending is a 100 percent deductible business expense. But proposals under consideration would reduce that to a 50 percent deductible expense. This is, essentially, a modern version of the Stamp Act.

The post A new “Stamp Act” appeared first on Personal Liberty®.

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The Air Comes Out of the Anti-Trump Balloon

In January of this year, President Trump’s critics were marching in the streets because they believed he was about to go full-Hitler. Or maybe he was just crazy, and about to do something dangerously stupid. 

Today their biggest complaint is that President Trump hasn’t shared his tax returns with the public.

How’s everything else looking?

The economy? Looking good.

North Korea? Looks like China is on our side. Good sign.

Syria? Those Tomahawk missiles were downright “Presidential”

Illegal Immigration? Already down 70% from Trump’s persuasion alone.

Supreme Court? Gorsuch is respected and qualified, even if you don’t like his ways.

Healthcare? No one said it would be easy, but the focus and energy are in place to get something done eventually.

Tax reform? Too slow for the country’s taste, but observers expect something good to come out of it. That’s why business optimism is high.

Climate change? Anecdotally, it seems to me that the debate has evolved from mindless bullying of non-believers to a lower confidence in both the climate models and the economic models (which are not science). That seems like a step toward clarity.

Generally speaking, if your critics are reduced to complaining about what might be in your tax returns, you already won.

For more of me:


Twitter (includes Periscope): @scottadamssays​

YouTube: At this link.

Instagram: ScottAdams925

You might enjoy reading my book because pandas are furry.

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Hope for the Best, Prepare for the Worst

I can’t stress the importance of being prepared enough. Even if terrorism subsides, cyberattacks cease and the economy rallies to new heights, there’s still the unpredictability of natural disasters. To that end, this week’s articles are all about prepping — why it’s more crucial than ever, where to start and how to do it without spending a dime.

The post Hope for the Best, Prepare for the Worst appeared first on Laissez Faire.

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I hope Trump (and everyone) can avoid paying income taxes

The obsession by the mainstream media and the progressive voting public over Donald Trump’s income tax returns and whether he paid any income tax is reflective of the power of propaganda, the immorality of government, its denizens and the establishment media, and the vacuousness of the American public.

The post I hope Trump (and everyone) can avoid paying income taxes appeared first on Personal Liberty®.

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What Bible School Taught Me About Taxes

One of my first lessons in economics and politics came from an unlikely place—vacation Bible school. I must have been about six or seven. For a week, I went to church to learn with other children my age about our faith and the Church. Throughout the week we had the opportunity to earn stickers….
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