It seems that when Chief Justice John Marshall was preparing the opinion for McCulloch v. Maryland he tapped into an eternal truth. “The power to tax is the power to destroy,” he wrote on behalf of a unanimous Supreme Court. Those words are no less true in 2014 than they were in 1819. Taxation appropriates money from one person or group of people in order to give it to others. There is no way to escape taxes. But there is a way to make taxes somewhat fairer. One way is to make taxes flatter and expand the tax base.
Given the successive scandals and monster laws like Obamacare that have been imposed on Americans, the federal government’s efforts to control and determine what you eat doesn’t receive the attention that it should. The ultimate question is whether the government should tell you what to eat and then seek to enforce their views about it? The answer is no.
There is a strain of thought in the American pro-liberty movement that argues for what is essentially a return to a policy of isolationism. That is the attitude typified by former Representative Ron Paul and his adherents, who have spent years calling for the withdrawal of the United States from many of its foreign treaty and institutional obligations, including the United Nations. There is a certain attractiveness to this position, especially in light of the recent exhausting and expensive wars in Iraq and Afghanistan. The claim that the War on Terror and other interventions in various countries’ affairs have created more enemies than they vanquished holds no small amount of truth.
Mr. Chairman and Members of the Committee, my name is Bernard Weinstein and I am the Associate Director of the Maguire Energy Institute at Southern Methodist University (SMU) and an adjunct professor of business economics at SMU’s Cox School of Business. Thank you for this opportunity to speak to you today.
Recently while discussing the political knowledge, or lack thereof, of the average U.S. citizen, a thought occurred to me. Ideally, this is how it should be. Government in America was designed to be small, very limited and irrelevant to the day-to-day life of the average American.
The United States is a political anomaly. Throughout time there has never been a nation so politically, culturally, and militarily dominant. Rome, even at its height, had rivals. So too did the British Empire, which at its apex made pretense to the rule of the waves, in spite of near constant challenges to its power from forces seeking to upset or supplant it. The international stability and peace created by these great empires, the Pax Romana and Pax Britannica, the Roman Peace and the British Peace, served in their times to guarantee security and relative prosperity within their spheres of influence. Yet they could never do so unchallenged.
John Feehery’s piece here on the dangers of rising Republican skepticism for big business is an amusing read, not just because I’m pretty sure nearly every sentence of it can be debunked in whole or in part. The tone is one of desperate confusion: when did the Republican Party stop being knee-jerk pro-business in the subsidies and carveouts and bailouts sense? Why do they want to kill the jobs of hardworking K Street influence peddlers?
The decision in the Halbig v. Burwell case this week was an unexpected legal boon to opponents of Obamacare. Spearheaded by the Cato Institute’s Michael Cannon and law professor Jonathan[...]
Global warming is not the reason why Chicago’s 1800s-era sewer system occasionally floods people’s basements, despite Washington Post propaganda to the contrary. Instead, the culprits are the age of Chicago’s sewer system and the city’s tremendous population growth since the 1800s.
The subject of tax inversion, in which American firms avail of lower tax rates in foreign countries by merging companies in those countries, has become very topical in the last couple weeks thanks to a decision by Abbvie, a drug company, to merger with Shire, an Ireland-based firm and move its headquarters overseas. One of at least 47 tax inversions in the last decade, the Abbvie-Shire deal is the largest such action yet, worth $54 billion. Perhaps unsurprisingly, President Obama and Democrats in Congress have become apoplectic with rage at the audacity of a business making a prudent decision to escape bloodsucking taxes.
The American presidency has grown in power almost continuously since the outbreak of World War II. The executive has risen from being simply the chief magistrate of the government to be being a quasi-legislative force, a leader who pushes an aggressive legislative agenda as well as enforcing the laws passed by the legislature. The president is frequently referred to as “the most powerful person in the world,” or “the leader of the free world.” Such appellations represent far more than good PR. They are statements of fact that the president of the United States has drastically more power and authority than any other individual on Earth. For that reason certainly, presidents should be restricted to a single term of office.
I have difficulty with viewing these arguments from Wehner and Gerson (and David Frum) as anything but naive posturing. For Gerson, the aim seems to be that the drug war is something that is helping people, and backing off from it is bad for society; for Wehner, he seems to conclude that the path back to electoral success is doubling down on the drug war to appeal to single women and moms.
The appointment of Iowa’s Angela Tagtow, a controversial “environmental nutritionist” and local food activist, to head the U.S. Department of Agriculture’s Center for Nutrition Policy and Promotion is causing more[...]
When asked to imagine the birthplace of our contemporary republican democracy, most educated people point to the democratic traditions of ancient Athens and to the institutions and offices of the Roman Republic. Yet, Athens was destroyed and its democracy destroyed centuries before the birth of Christ, and the Roman Republic succumbed to imperial despotism in 27BC. These shining examples continued to burn as embers of remembrance long after their practical extinction, thanks to a political and intellectual class dedicated to the preservation of ancient documents and knowledge. But while preserving the records, the successor states of both Athens and Rome were neither democratic nor republican in character.
The U.S. Environmental Protection Agency announced on Monday, June 1, a power-plant proposal that seeks a 30% carbon dioxide emissions cut by 2030 from existing power plant, based on emission levels from 2005. With this proposal, the main piece of President Obama’s Climate Change Agenda has been set in motion. Although the rule is scheduled to be completed one year from now and will give flexibility to the states, it will regulate carbon emissions from hundreds of fossil-fuel power plants across the U.S. The 600 U.S. coal plants will be hardest hit by the standard.
In his novel Nineteen Eighty-Four, George Orwell described the “memory hole,” a chute leading to a vast incinerator into which all unwanted documents were cast. The memory hole served as the ultimate form of state censorship, destroying any trace of information deemed to pose a threat to the regime. Thanks to a ruling in May by the European Court of Justice, a genuine digital memory hole has come online.
In the minds of many people around the world, including in the United States, the term “capitalism” carries the idea of unfairness, exploitation, undeserved privilege and power, and immoral profit[...]
It began as the idea of one eccentric entrepreneur, but now has 1.3 million signatories backing it: the case for breaking California up into six separate states is gathering steam. When the Six Californias campaign began, most serious commentators thought it was crackpot scheme, a pipe-dream of a few people that had no hope of gaining traction. They have been proved wrong. To an extent anyway.