tag:blogger.com,1999:blog-1527840491496268397.post2427491555753926839..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Selection from Man, Economy, and State by Murray RothbardUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1527840491496268397.post-53546450623271375562016-08-15T10:05:35.839-07:002016-08-15T10:05:35.839-07:00Key insight:
This correspondence between tax rate...Key insight:<br /><br /><i>This correspondence between tax rates and good places to live is no accident. It is exactly what the model of government as a stationary bandit, or my theory of Dynamic Geography, predict. Government works partly by exploiting fixed populations. The more the population likes its fixed location, the higher the rent that government can expropriate from them without driving them away.</i><br /><br />http://distributedrepublic.net/archives/2008/01/21/its-not-accident-nice-places-live-have-high-tax-rates/CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-63100010607983241082016-08-15T10:04:46.502-07:002016-08-15T10:04:46.502-07:00Speaking of low tax states:
I mean the lesson is ...Speaking of low tax states:<br /><br /><i>I mean the lesson is if you’re ambitious and smart steer clear of engineering as a profession. The Red States are more unambitious “play-it-safe” people who want an easy life. That’s why everyone here who thinks places like Kentucky are great praise the low housing costs. They only think downside not upside because they’re unambitious, simple-minded folk who just want their easy factory supervisor job.</i><br /><br />http://marginalrevolution.com/marginalrevolution/2016/08/the-roots-of-trump-support.htmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-55082915825220220842016-08-15T10:01:49.709-07:002016-08-15T10:01:49.709-07:00Right! The non-profit scam is taxation by other me...Right! The non-profit scam is taxation by other means. Aside from "opting out" of taxes by moving from a high-tax to a low-tax state, for example, I think every libertarian/sane business person or investor needs to accept that taxes WILL be paid and to stop kidding ourselves that sheltering our wealth in non-profits is some kind of end-run around the State, rather than a means of playing right into its hands.<br /><br />Great to see the MES quote! I believe he is channeling Frank Knight there.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-80215132235045947682016-08-15T09:11:17.096-07:002016-08-15T09:11:17.096-07:00I think of all those billionaires in the world tod...<i>I think of all those billionaires in the world today, and I shudder when I think of the responsibility they have. As long as they keep making money, they are doing the world a service. But they are going to have to transfer that money at some point to nonprofit, tax-deductible entities, in order to keep the governments from getting their hands on the money. We know what disasters governments would do with the money. But think of the disasters that a bunch of upper middle class lifetime bureaucrats in nonprofit foundations would do with the money. We already know what they would do with the money. We can study the history of the Rockefeller Foundation, the various Carnegie foundations, the Ford Foundation, and the neoconservative Washington Beltway think tanks.</i><br /><br />http://www.garynorth.com/public/14725.cfmCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.com