Showing posts with label William Murchison. Show all posts
Showing posts with label William Murchison. Show all posts

Wednesday, September 02, 2020

Tuesday, August 04, 2020

Which Narrative?

Arthur Bloom:


Versus something more along the lines of a paleo or Southern conservative narrative.


Who are the real progenitors of the Yankees?

Saturday, July 11, 2020

William Murchison on Forrest McDonald's Biography of Alexander Hamilton

From 2015:

Wednesday, August 18, 2010

William Murchison on Paul Ryan

Another fan, in addition to Daniel Larison. Paul Ryan and the Perils of Realism.

Rep. Paul Ryan of Wisconsin’s First District, one of the smartest men in politics insofar as I can tell, goes around touting his brilliantly conceived free-market, limited-government approach called Roadmap for America’s Future. Whose main defect appears to be that in facilitating economic recovery it would change the ways Americans interface with federal social programs and the tax system that supports them. The prospect of that seems to disturb colleagues; thus … well, hear out Bacon: “[M]any Republican colleagues … even as they praise Ryan for his doggedness, privately consider the Roadmap a path to electoral disaster.”
His website. His campaign site.

Thursday, April 15, 2010

The Unfairness of Income Tax by William Murchison

The whole theory of the income tax is that those best able to pay it, pay it. It sounds halfway sensible until one starts to reckon with human notions of justice (”to each his own”) and the disruptive implications of upsetting those notions by government edict. A nation, half of whose citizens don’t pay income taxes, is in a bad position to say fewer and fewer should toil for the support of more and more.

It seems that the income tax is related to distributive justice, rather than commutative justice. But does the Federal tax code pay sufficient attention to the differences in the standard of living that exist between states? Do deductions sufficiently allow for middle- and lower-class families to take care of necessary expenses? (In general, should an income tax be levied on what is truly surplus, rather than what is reckoned by the Federal government to be net income?)

On a related note:
Social Security and Medicare Funding Issues: Even Worse when One Considers Resource Constraints
Gail Tverberg, The Oil Drum

When we think about the taxes and the federal deficit, we don't usually think of Social Security and Medicare, because in government lingo, the payments we make for these programs aren't taxes, they are contributions, and the funding deficit for these programs is not taken into account in determining the federal deficit.

(original)