TheMoneyIllusion

A slightly off-center perspective on monetary problems.

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Tax luxury, not wealth or income

February 16, 2019

Facebook Twitter Google+ LinkedIn I favor very high marginal tax rates on the super rich, say 70% to 80%. But I am also opposed to all income taxes and all wealth taxes. Why? Let’s start with the conservative argument that taxes on the super rich will deter work, saving, and investment, by reducing... Read More >>
Other Posts

Right bias steering and right side deviations


Facebook Twitter Google+ LinkedIn If tight money is defined as below target NGDP, in what sense can below target NGDP be said... Read More >>

Then and now


Facebook Twitter Google+ LinkedIn In 1969: Leftists: Free speech on campus! Conservatives: Ban speakers with communist sympathies. In 2019: Conservatives: Free speech on... Read More >>

Central bankers and the Great White Whale


Facebook Twitter Google+ LinkedIn Here’s the Financial Times: Global economy: Why central bankers blinked It’s been 18 years since I read Moby Dick, but... Read More >>

What I’ve been reading


Facebook Twitter Google+ LinkedIn The Mercatus Center has a new paper by Stephen Matteo Miller andThandinkosi Ndhlela, which examines the Zimbabwe hyperinflation.... Read More >>

A decade later


Facebook Twitter Google+ LinkedIn I began this blog 10 years ago today, although my crusade to change monetary policy first began in... Read More >>

A perfect choice


Facebook Twitter Google+ LinkedIn Trump is rumored to be considering Herman Cain for a position on the Federal Reserve Board. For a... Read More >>

Like an ox


Facebook Twitter Google+ LinkedIn Six years ago, I wrote a post that reflected my view of the proper relationship between the Fed... Read More >>

What is a foul, and what is not a foul


Facebook Twitter Google+ LinkedIn I recently did a post complaining about the modern NBA.  For those who haven’t watched any games since... Read More >>

The biggest Mafia Don of them all


Facebook Twitter Google+ LinkedIn In Hollywood films, the term “protection money” refers to money that organized crime extorts from a business, ostensibly... Read More >>