Reagan 1986 Tax Reform

piezoe said:
I can't recommend the link you gave. It is a contrived, cobbled together piece which includes some comments supposedly from from Pace University economist Joe Solerno*, I suppose in an attempt to give it some legitimacy . Unfortunately it contains many statements, that while they may have been true, or at least partially true, at some point in the history of the Fed, are certainly not true today. It is best described as a piece of dog shit. It calls into question the legitimacy of that thing called the " Mises Institute." This 'Institute' has the ear marks of something originating in Russian Hack shops or an Alabam swamp. I'd check it out thoroughly if I were you. Especially the source of the funding (which mark my words, no donors names will be forth coming)for this "magnolia Ave." Alabama outfit. The great micro economist Ludwig von Mises would turn over in his grave if he knew his name was associated with this pile of steaming horse dung!!!

The Wapschot book is readable by the non-economist if you have an interest in moving forward in time into the mid twentieth Century and well beyond the Austrian School, which became mired in microeconomics. It's "Keynes Hayek: The Clash that Defined Modern Economics." That could be a good jumping off place to start late twentieth century and early twenty-first century critiques, such as Quiggin's "Zombie Economics." Quiggin's book remains a seminal critique of Supply Side Economics and crops up often on Graduate level Economics Reading Lists.
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*Joseph Solerno is a legitimate, Rutgers trained, Austrian School, radical, anarcho-capitalist Economist. He might be able to offer a clue, in fact he could be one of those responsible for, the misappropriation of the tern 'libertarian' in the U.S.

Rutgers of 50 years ago was well known hot bed of radical economics. Left and Right. It is not unusual to find some extremely bright and capable Rutgers trained economists relegated to back waters like Pace University. Their thinking is just too far from mainstream to find wide acceptance.
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I've met the president of the Mises institute. He was Ron Paul's campaign manager when he ran for president. and the idea that is it Russian funded is completely stupid.. now you have completed discredited yourself.. I've read Human Action by Mises twice and I can assure you he wouldn't rolling over in his grave.. I think we fundementally disagree with what the fed does.. I would say it's likely your some quantative style econometrics central bank worshiper who believes in central planning.. a incredibly large speculator in the market that never pays for making mistakes. The fed, Government spending etc...
 
Ron Paul's campaign manager is the 'President' of the 'Institute'! That's Hilarious.

By the way, though I've always admired Ron Paul, I can't think of anyone, including yourself, who has a more distorted or inaccurate understanding of Money and Credit to say nothing of the Fed which remains a complete mystery to him. Almost everything out of his mouth is wrong when it comes to the Fed. He is an advocate for the gold standard, for god sake!
 
Well I think we have both shown our hand.. we will see if the austrians or the neo Keynesians will prevail.. likely anyone who advised the state how to intervene unfortunately will get hire by the government...
 
cdcaveman said:
Oh so you have a history of the American revolution without anything related to taxes?
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I'm curious what you think about the fact that the U.S. citizens of our capital, as well as Puerto Rico, the U.S. Virgin Islands, Guam, CNMI, and Samoa all pay federal taxes and don't have get to have representatives who can vote in congress? Sure it's easy to dismiss all those island places 'cause they're far away and most people haven't been there, but Washington DC, the capital of our country?

The primary flaw in your logic in this discussion is that you think of the government as an entity in and of itself, rather than an elected group that represents all of us. But if you feel that taxation put in place by our elected representatives is slavery, then how could you possibly support the continued "slavery" of those residents of D.C. who don't even have a representative or senator who can vote? What did we fight the revolution for again?
 
Sig said:
I'm curious what you think about the fact that the U.S. citizens of our capital, as well as Puerto Rico, the U.S. Virgin Islands, Guam, CNMI, and Samoa all pay federal taxes and don't have get to have representatives who can vote in congress? Sure it's easy to dismiss all those island places 'cause they're far away and most people haven't been there, but Washington DC, the capital of our country?

The primary flaw in your logic in this discussion is that you think of the government as an entity in and of itself, rather than an elected group that represents all of us. But if you feel that taxation put in place by our elected representatives is slavery, then how could you possibly support the continued "slavery" of those residents of D.C. who don't even have a representative or senator who can vote? What did we fight the revolution for again?
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I agree.. part of the argument is taxation without representation obviously....
 
cdcaveman said:
I agree.. part of the argument is taxation without representation obviously....
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Great to hear that! Please try to convince some of your fellow libertarians (Hopefully not a rash assumptions of your politics) of that. Interestingly although I disagree very strongly with you and the Ron Paul type philosophy in most areas, I will give kudos for being more intellectually honest and internally consistent than the right, and I even agree in some areas like this one.
 
"National debt: The plan would result in approximately $2.2 trillion of net tax cuts -- a blow to the national debt, the Committee for a Responsible Federal Budget said."
http://www.foxnews.com/politics/2017/10/26/trumps-tax-reform-plan-who-are-winners-and-losers.html

http://www.crfb.org/blogs/big-6-tax-framework-could-cost-22-trillion

Trump doesn't like to work hard nor think hard.
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