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Higher Revenues with Lower Taxes? The Laffer Curve Explained
The idea that higher revenues can be raised by lowering tax rates seems counter intuitive to many. In fact, politicians who campaign on lowering taxes are often derided as liars, especially in light of budget deficits. It is often asked: how can anyone promise to cut taxes when the government is already short on revenue?…
10 Sobering Facts About the National Debt
7. Baseline Spending Increases Baseline budgeting is a Washington term that means projected spending increases are included into the budget every year at around 7% in order to cover inflation. This automatic 7% increase has been happening since 1974. Politicians love to make marginal cuts in future spending and claim they are cutting government, even…
Corporate Personhood and the Misconceptions About It
One term which is often incorrectly inserted into political discourse is corporate personhood. Corporate personhood is a legal concept that arises from the extension of certain rights to market entities for the purpose of facilitating commerce and protecting individuals. Its application to campaign finance law has many erroneously rallying against the legal concept with slogans…
10 Government Regulations Too Stupid to Believe
Photo by kfergos 5. Bible study In some places it is illegal to hold gatherings of a certain amount of people without a permit. This is what landed one Phoenix, Arizona man a 60 day jail sentence and $12,000 in fines. His crime? Holding Bible studies at his home. The City claimed it had concerns…
10 Reasons to Oppose Minimum Wages
Photo by Sebastiaan ter Burg 5.Margins are margins Every business has them. They are the difference between providing employment to others who may then provide for themselves and their families, and chaining the doors shut because you just cannot do better than break even. A federal, state, or local authority may be able to mandate…
10 Steps to Fix the US Budget
6. Eliminate the Department of Education Eliminate an entire department, you ask? Yes. Absolutely. The funny thing about the Department of Education is despite trillions in federal dollars poured into it, the Department has failed to achieve even a slight increase in student performances since it was created in the 1970’s. 40 years and unfathomable…

