taxation

Louisiana Senator Russell Long famously explained how most people feel about taxes: “Don’t tax you; don’t tax me; tax that fellow behind the tree.”

The Alabama legislature kicked off its new term with a special session to increase the gas tax, a result which seemed foreordained.  Nonetheless, the gas tax raises interesting economic and political considerations.

The Tax Cuts and Jobs Act (TCJA), announced by the House Ways and Means Committee on November 2nd, has generated a lot of commentary on both sides of the political divide.

On this I am totally with the Libertarians – taxation is theft. But I am a Realist. In the panoply of evils – taxation is a necessary one. It is absolutely not necessary in the omni-directional ways and at the confiscatory levels at which it currently exists.