Yesterday President Obama introduced the "Buffett Rule." He defined it by stating that "Middle-class families shouldn't pay higher taxes than millionaires and billionaires." I think there is little disagreement with this proposition. But what if this is already the case? An USA Today article, citing the Congressional Budget Office, stated that, "The 10% of households … Continue reading The Buffett Exception: The Equality of Inequality?
In many ways not unexpected, I awoke this morning to the news that Republicans and Democrats came to a last minute agreement to avoid the impending government shutdown (Click here for information concerning the agreement). For the numerous military and government employed families, they can breathe a little easier knowing that they will not have … Continue reading A Half-Slice Compromise
The other day I was reading Montesquieu’s Spirit of the Laws ( 1748 ) and found myself struck by the relevance of his assessment of democracies. I was especially taken by a story he told from Xenphon’s Symposium. Montesquieu’s writes: Each guest in turn gives his reason for being pleased with himself. “I am pleased … Continue reading Robbing Peter to Pay Paul: The Human Inequality of Equality
According to a recent BusinessWeek.com article, Ford will begin selling a compact car in 2009 which will get 65 mpg, but Americans will not get the benefit of it because Ford will only be selling it in Europe. This is due in part to profitability and logistical reasons because the car runs on diesel. But … Continue reading Taxing You at the Pump