New York Congressman Anthony Weiner is making a name for himself.
He wants taxes raised on wealthy Americans and is one of the more vocal opponents to the deal that would retain current tax rates for everyone.
“An estate tax cut for millionaires adds exactly zero jobs. A tax cut for billionaires – virtually none,” says the congressman.
But what does Weiner know about job creation, about work, about being an entrepreneur?
Britain is moving further to the Right after 13 years of Labour, it is disclosed today, as the public’s views on welfare become tougher than when Baroness Thatcher was prime minister.
With “The Wealth of Nations” Adam Smith installed himself as the leading expositor of economic thought. Currents of Adam Smith run through the works published by David Ricardo and Karl Marx in the nineteenth century, and by John Maynard Keynes and Milton Friedman in the twentieth.
The revelation that the American taxpayer is now the World’s Banker of Last Resort, as revealed by the new FinReg bill (yet another assault on real, as opposed to crony capitalism), means Americans must face the disturbing reality that our national sovereignty is being completely undermined. And those undermining it have only one over-riding loyalty: a level of naked self-interest beyond anything the world has ever witnessed.
“The truth is, there is a moral basis for free markets,” Heritage Foundation trustee Steve Forbes said earlier this month at a Heritage event in Dallas. Free enterprise, he explained, creates wealth through voluntary exchange. This wealth creation, in turn, allows for the great philanthropic enterprises that have improved our lives: higher education, medical research and more. “We have to find our voices and not be on defense” against those who attack free enterprise, he argued.
There is widespread consensus that the current tax system is a complicated failure that hinders the nation’s growth while allowing the politically well-connected to manipulate the system to get special breaks that are not available to average workers and businesses. This is stimulating a great deal of interest in shifting to a simple and fair flat tax. For instance, President George W. Bush has appointed the President’s Advisory Panel on Tax Reform to recommend options for fundamental tax reform,[1] the Department of the Treasury has produced extensive analysis of the flat tax and other reform options,[2] and lawmakers on Capitol Hill are exploring various ways to reform the tax code.
When a devotee of private property, free market, limited government principles states his position, he is inevitably confronted with a barrage of socialistic cliches. Failure to answer these has effectively silenced many a spokesman for freedom. Here are suggested answers to some of the most persistent of the “Cliches of Socialism.” These are not the only answers or even the best possible answers; but they may help someone else develop better explanations of the ideas on liberty that are the only effective displacement for the empty promises of socialism. Single-sheet reprints of each answer available at cost. Unless otherwise indicated, books noted in this volume are published by and available from the Foundation for Economic Education
Each year at this time school children all over America are taught the official Thanksgiving story, and newspapers, radio, TV, and magazines devote vast amounts of time and space to it. It is all very colorful and fascinating.
It is also very deceiving. This official story is nothing like what really happened. It is a fairy tale, a whitewashed and sanitized collection of half-truths which divert attention away from Thanksgiving’s real meaning.
Welcome to the official website of the Margaret Thatcher Foundation, the largest contemporary history site of its kind.This site offers free access to thousands of documents—many of them previously unpublished—relating to Margaret Thatcher and world events during the last thirty years.