Some Links

by Don Boudreaux on April 17, 2017

in History, Legal Issues, Politics, Taxes, War

In today’s Wall Street Journal, my Mercatus Center colleague Veronique de Rugy, along with Cato’s Dan Mitchell, argue persuasively against the GOP’s proposed border-adjustment tax.  A slice:

The solution is to reduce the corporate rate and adopt a territorial tax system, taxing only profits earned at home, as almost all other Western countries do. The good news is that the House plan does both these things. The bad news is that the proposal is weighed down by the border-adjustment tax. Republicans should drop this controversial provision and focus on the policies that will boost growth.

To get the maximum bang for the buck, the final package should include restraints on spending—which doesn’t even mean an absolute budget cut. If Congress simply limits the growth of outlays to about 2% a year, that would create enough fiscal space to balance the budget over 10 years and adopt a $3 trillion tax cut. If Republicans want a win-win, dropping the border-adjustment tax is the way to get one.

Matt Ridley offers a lesson from Dutch history about populism, restrictionism, and taxation.  A slice:

Yet history shows that free exchange is constantly at risk of being infected and captured by parasites and predators who live off productive people through taxes, tithes, rents, slavery, subsidy, war and theft. This is what killed the goose in ancient Greece and Rome, in Renaissance Italy and Holland’s golden age.

Radley Balko gives distressing evidence that the so-called “war on drugs” is really a cruel and barbaric war on peaceful people.

Scott Sumner questions some now-popular findings on the loss of jobs allegedly caused in America by trade with China.

George Will weighs in on a case that will be heard this week by the U.S. Supreme Court.

Saturday’s mail brought a copy of Mark Zupan’s new book, Inside Job: How Government Insiders Pervert the Public Interest.  I’m eager to read it.

Here’s an important insight from Sheldon Richman.

Citing timely research by my colleague Dan Klein and his co-author Lotta Stern, my colleague Walter Williams rightly laments the growing cancer of campus thought policing.


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