Henry Simons News Today

Your apples are ripe. It is time to harvest them. What is the best way to harvest those apples . Do you pick them from the tree or do you chop down the tree . Apples are income. The trees are capital. The reason we want a socalled, consumptionbased tax because we dont want to mistreat capital. But to understand why it is so foolish, dont think about marxism, socialism, free market theories think about it this way, if you chop down the tree or more accurately what the current tax system does if y...

Be militarily defeated without being treated in the homebase and so this fight eventually has to go over the iraqi border not odd. [inaudible] you dont really expect to defeat them . But there are ground forces. [inaudible] we have are the spoken about playing the role and im not suggesting that we have an optimally configured ground force in the region but im equally clear that injecting western boots on the ground would not be the solution. That would not deliver the solution. Try as they may ...

Prosperity. And you heard alvin just say over and over again, consumption based tax. My job on the panel is to try to explain why thats important. Its important because the current tax system treats income that you sai and invest much much worse than the income you can consume. Think about it in this very simple fashion. You make some money. You pay tax on that money. Whats left . Disposable income. Aftertax income. You have two choices of what to do tw the aftertax income. You can consume it ri...

In the 1940s and putting together the concept of income we now use today under the income tax they were neglecting the adverse effect on the labor force and it wasnt unknown. The godfather of the income tax henry simons and one of the two leading godfathers admitted that it would damage the economy and his current disciples dont want you to remember that or theyve forgotten it. Heres what simons said about Income Taxation. Income taxation is broadly an instrument of economic control. A means of ...

Of 2013, but im back now. In corporate news, boeing completing what it calls an uneventful test, a flight of the 787 dream liner. And opposition is growing to dells big buyout, that 24 billion buyout and a Carnival Cruise ship is floating in the gulf of mexico after an engine fire. Plus, digging out, the northeast hit hard by a weekend blizzard. Hundreds of thousands are still without power. Airlines are trying to restore service. And news out of the vatican about the pope. If you havent seen it...

Finlay Park in Columbia, South Carolina, is in the beginning phases of construction, boasting a new plan for family-friendly fun.

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“Look, folks, you know how many billionaires we have in America today? One thousand. You know what their average rate - tax rate - federal tax rate is? Federal tax rate is 8.5 percent. Raise your hand if you’d trade your tax rate for 8.5 percent. I’m serious. Think about this. There’d be $40 billion raised if they even pay 25 percent.” - President Biden, remarks in Raleigh, N.C., Jan. 18Subscribe to The Post Most newsletter for the most important and interestin...

Here are the 10 highest paid Columbia city government employees. They all make over $150K a year. See who makes the most.

A new biography of the Nobel Prize–winning free market economist has much to teach about building a team of like-minded scholars within large institutions, and not just a brand.