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Archive for the ‘Income taxes’ Category

Why Jews—And Others–Should Not Vote for Hillary on Tuesday

06 Nov

Fifty years ago on a sunny Sunday morning in April, I was watching a television program (channel 7 in New York) about Passover. Although I don’t remember the specifics of the whole program, I do remember vividly a statement made by Rabbi who responded to a question from the host, “The essence of Judaism is the sanctity of the individual” (emphasis added).

When I heard these words and realized that the uniqueness of every individual human being is the core of our journey in life, it was not long after watching that program that I learned about libertarianism and how this political philosophy dovetails with Judaism. In fact, after I was the New Jersey’s Libertarian Party’s nominee for governor in 1997 I was invited by Rabbi to speak to his congregation on a Friday night. My topic that evening was in keeping with what I heard 20 years earlier, “Why Jews should be libertarians.”

My message that evening nearly 20 years ago was clear. Given the history of the Jews, government is the last institution they should trust. And the fact that Moses gave the world the Ten Commandments, two of which are the foundation of libertarianism, “Thou shalt not steal,” and “Thou shalt not kill,” Jews should be in favor of either a stateless society or very limited government in which the “government fears the people” and not the other way around.

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Trump’s Missed Opportunities… Hillary’s left-wing agenda and warmongering

20 Oct

Since it’s midterm time let me give each candidate a letter grade for last night’s debate performance. Donald gets a B- and Hillary gets her usual F, for her collectivist ideology, trickle-down economics, and continued warmongering.

Donald missed several opportunities to hit a grand slam for the night, which would’ve turned his performance into an A+. Let me explain.

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One more reason to abolish the income tax

03 Sep

ax-agreement-recipe

“The change will reap tens of millions of dollars for New Jersey, but But low- and middle-income New Jerseyan working in Philadelphia.”

Source: Christie ending income tax pact with Pa., which will cost some N.J. residents more

 
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Posted in Income taxes, New Jersey, State government

 

San Francisco Review of Books: Socialism Destroyed

22 Jul

Robert Wenzel reviews Tom DiLorenzo’s new book.

Source: San Francisco Review of Books: Socialism Destroyed

 

What Donald Trump should have said last night

22 Jul

Donald Trump’s acceptance speech at the Republican convention last night could have been a lot shorter and focused on espousing the virtues of limited government and free enterprise.

First, Donald should have used several props, such as the first 1040 form, which was only four pages long. He should have said that a tax return of 1914 was simple and allowed the federal government to raise the funds it needed to pay for its expenses 100 years ago, when only 2% of the American people had to pay any income tax. In addition, today large and medium-sized businesses need an army of accountants and attorneys to comply with the tax code. That’s money that cannot be used to buy better equipment, modernize their factories, and thus make American workers more productive, which would earn them higher salaries.

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Help the Poor by Abolishing the Income Tax – The Future of Freedom Foundation

21 Jul

The income tax must be abolished to create sustainable prosperity.  

“The standard leftist position on helping the poor is: Increase income taxes on the rich and give the money to the poor in the form of welfare. The idea is that it’s just not fair that someone has more money when someone has less money. By equalizing people’s financial conditions, through the force of a progressive income tax and a welfare state, the financial plight of the poor will be improved. The left, however, is wrong. As our American ancestors, Continue Reading…”

Source: Help the Poor by Abolishing the Income Tax – The Future of Freedom Foundation

 
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Posted in Crony capitalism, Economy, Employment, Federal Government, Free markets, Income taxes, Politicians, Politics, Poverty, Spending, Taxes, Welfare state

 

Another reason to abolish the income tax

06 Jul

Gov. Christie’s proposal reveals he is no fiscal conservative.  He wants more money from overburdened New Jereseyans to prop up the bloated state budget.  

Must reading for anyone who thinks the income tax is a relatively benign way to raise revenue.  In fact, the income tax is the “root of all evil”.  In other words, less money for politicians means more wealth and freedom for workers and entrepreneurs.

“South Jersey lawmakers expressed their outrage over a Christie plan to end a tax deal with neighboring Pa.”

Source: South Jersey lawmakers oppose Christie scrapping tax deal with Pa.

 
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Posted in Economy, Income taxes, Politicians, Politics

 

A proposal for “tax fairness” and provide funds for the Transportation Trust Fund

01 Jul

Gov. Christie and legislative leaders are at impasse. They could not agree on a package of tax cuts and a hike in the “gas tax”, a user fee, (which is the only “fair” way to fund roads and bridges in today’s political environment) provide tax relief for the people of New Jersey and fund the depleted Transportation Trust Fund. The governor has ordered transportation projects halted as of today even though there appears to be enough money to fund projects until August 1.

Rather than go over all the details in the Sarlo-Oroho compromise that appeared to have enough bipartisan support to pass both houses of the legislature with enough votes to override Gov. Christie’s veto, the governor at the last moment calls for a 1% drop in the sales tax to 6% in the name of “tax fairness”.

If Gov. Christie wants more “tax fairness” in New Jersey, he should reduce all taxes for individuals and businesses. All taxes are unfair because they are coerced from the people who earned the income being taxed in the first place. In other words, all taxes should be cut, anytime not only for “fairness” but also to provide more of the resources people and businesses need to achieve their goals in life.

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Posted in Economy, estate tax, Gas tax, Income taxes, Leadership, New Jersey, Politicians, Politics, Property taxes

 

An unhappy 40th anniversary for the income tax; Republicans got outsmarted once more | Mulshine

28 Jun

The income tax is the root of all evil, so wrote Frank Chodorov in 1954.  We have seen it here in New Jersey for four decades.  The Supreme Court is responsible for forcing the State of New Jersey to expropriate more of the people’s income in the name of “fairness.”

 

“When the income tax was passed back in 1976 the Republicans could have forced real property-tax reform; instead they got outsmarted by the Democrats – and not for the last time”

Source: An unhappy 40th anniversary for the income tax; Republicans got outsmarted once more | Mulshine

 
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Posted in Democrats, Education, Income taxes, New Jersey, New Jersey Supreme Court, Property taxes

 

Cutting taxes is always good; government spending must be reined in

28 Jun

The annual kabuki dance in Trenton known as the budget negotiations is a mixed bag as usual. Reducing the sales tax is long overdue.  The income tax should be reduced as well.   The passing out of the estate tax is off the table as well as the charitable deduction.  Deductions are good; they reduce taxes.  Spending is increasing.  We will see how much spending Gov. Christie will eliminate from the proposed budget.  

 

“Governor Christie and Assembly Speaker Vincent Prieto on Monday upended the plan to fund transportation projects and instead tried to pass their own: Raise the gas tax by about 23 cents per gallon, and in exchange chop the state sales tax over two years from 7 percent to 6 percent.”

Source: Sales tax cut may help offset pain at the pump – News – NorthJersey.com

 
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Posted in Democrats, Economy, estate tax, Income taxes, New Jersey, Politics

 

New Jersey’s entrenched Marxist culture

26 Jun

David Sciarra, executive director of the Education Law Center, asserts that the “needs” of so-called at risk children trumps the needs of income earners who are forced to subsidize government (taxpayer funded) schools in urban and some rural low income districts.   Mr. Sciarra claims that Gov. Christie’s proposal to provide equal state funding for all school children is a reverse Robin Hood policy, because it would “take” funds away from “high needs” children and redistribute it to middle and upper income school districts.

Mr. Sciarra is unabashedly echoing Karl Marx’s dictum that “society”  should be based on “From each according to his ability to each according to his needs.”  Whether he knows it or not, Mr. Sciarra has internalized the key principle of socialism, government–in this case the State of New Jersey–should tax people who earn sufficient incomes that make them financially independent to support so-called underprivileged or disadvantaged children whose families earn relatively low incomes.  (However, in income “rich” Hoboken, state education aid dwarfs that of many modest suburban school districts. That’s fairness?)

The bottom line is that public education has created unnecessary financial, cultural and political conflicts.  Gov. Christie’s proposal treats all children “equal.”  But the governor’s proposal does not go far enough.  We should have that much needed and long overdue conversation about education that would in Mr. Sciarra’s words lead to productive individuals.  The current funding formula and structure has been a failure for students who barely graduate high school in four years and leave with poor skills that they should have mastered in 12 years of schooling.   

“The governor’s ‘Fairness Formula’ school aid plan would end the Garden State’s longstanding commitment to giving all children an education that will prepare them for good citizenship, civic responsibility and productive participation in the state’s economy.”

Source: Sciarra: Governor’s new school funding proposal – anything but fair

 
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Posted in Education, Income taxes, New Jersey, Politics, Property taxes, Welfare state

 

Christie’s proposal is half way to education freedom

22 Jun

Governor Christie’s public school aid funding proposal would treat each child “equally,” that is, the state would send every school district the same amount for each child in its school district.  Most school districts would get a huge increase in state aid so that should mean substantially property tax relief for suburban taxpayers, assuming of course the school districts pass along the new aid in the form of lower property taxes.  The criticism from the usual suspects is disingenuous.  Instead of applauding the fact that many of their constituents would finally get property tax relief,  which was the goal of the 1976 income tax, suburban legislators are voicing their objections, because urban districts would be “shortchanged.”  

Despite what the state constitution regarding education funding and a series of state Supreme Court rulings, there is no reason education should be provided by the government.  In fact, education should be provided by teachers, parents and others, without the need for taxpayers to shell out an obscene amount of money for an education monopoly.  The case for delinking government and education has been made by several analysts such as Sheldon Richman, John Taylor Gatto, and Samuel Blumenfeld, among others.

Education  socialism is expensive and has failed to educate urban students effectively.  It is time for education freedom.  Christie gets us one step closer.

 

 Seeking to bypass the state Supreme Court, upend three decades of education funding and lower property tax  bills, Governor Christie will spend the summer campaigning for a sweeping new plan to spend the same  amount of money on every student in the state — regardless of where they live.

Source: School aid: Christie proposes equal funding statewide – News – NorthJersey.com

 
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Posted in Democrats, Education, Income taxes, New Jersey, Politics, Property taxes, State government

 

Low balling the costs of government programs is “normal”

21 Jun

Government officials have lied thorough their teeth about the income tax (rates would not go up, Ha), Federal Reserve (the dollar’s purchasing power would be stabilized),  Social Security (rates would never go up, income subject tot the tax would never up), Medicare (future costs would be reasonable, doctors would be fairly compensated) and Medicaid (costs would be reasonable, doctors would be paid fairly) over the past 100 years to get their big government legislation passed.  If you believe government officials about the future costs about any new tax or social program, I have a bridge to sell you.  

 

Six months in advance of a planned exit from NJ, UnitedHealthcare no longer covers care provided at Hackensack University Medical Center for people who bought coverage on healthcare.gov.

Source: UnitedHealthcare drops Obamacare plans at Hackensack University Medical Center – News – NorthJersey.com

 
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Posted in Economy, Federal Government, Federal Reserve, Healthcare, Income taxes, New Jersey, Politicians, Welfare state

 

Socialism does not work, so why do we have government schools?

20 Jun

If you believe government should provide education to all youngsters, then you have lost the argument against the proponents of socialism. If you support taxpayer-funded education, why then shouldn’t the government provide health care, transportation, housing, energy, banking, food, etc.? In fact, government has been heavily involved in virtually every aspect of our economy and our lives. In short, America is already heavily “socialized.”

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Posted in Education, Income taxes, Local government, New Jersey, State government

 

New Jersey legislature proposes gas tax hikes and tax cuts

11 Jun

Both houses of the New Jersey State legislature are proposing increases in fuel taxes to replenish the Transportation Trust Fund (TTF), which will run out of money except to service debt on June 30.  For the record, I am opposed to any tax increases.  Period.  As the author of Tax Free 2000, a blueprint on how to create a tax-free society, I do not support any tax increases. I make clear in my book the only noncoercive–and therefore legitimate– method for the government to raise revenue is a user fee.  (Whether government should “own” the roads or any other asset is a separate issue.)  The gas tax is in reality a user fee.  Currently, motorists and truckers pay for using highways, bridges, etc., with a nominal per gallon fee.  All well and good.

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Posted in Income taxes, New Jersey