As an increasingly desperate Congress looks for new ways to squeeze money out of the American people to fund the welfare-warfare state, it is likely that more Americans will have their liberties limited because the IRS accuses them of not paying their fair share of taxes.Details
Last week, Mises Institute President Jeff Deist released a podcast featuring a discussion about the political future of libertarianism, advising libertarian activists to embrace decentralization and de-federalization as a foundational strategic goal.Details
PIERRE, S.D. (Feb. 22, 2016) – After passing the House by a 57-11 margin on Feb. 4, five Republican senators killed a bill that would have legalized industrial hemp for commercial production and distribution in South Dakota.Details
When proponents of government intervention try to tell you that the laundry list of laws, rules and regulations are on the books to keep monopolies at bay, show them the case of Uber, the ride-sharing company under fire for the crime of providing taxi services at too low of a cost.Details
The budget does not cut spending at all, and in fact actually increases spending by $1.5 trillion over ten years. The Republicans are using the old DC trick of spending less than originally planned and calling that reduced spending increase a $5.1 trillion cut in spending.Details
Despite mounting opposition in Congress and in the country, on December 16, President Obama made it clear that he intends to continue pushing for prompt passage of the Trans-Pacific Partnership (TPP).Details
Here’s a hard truth: for all of its good intentions, governments cannot suspend basic laws of supply and demand.Details
Not raising the debt limit is simply running a balanced budget.
Yes, that’s right: The President and Congress may have to balance the federal budget in the next few days! Horrors!
Let’s get some clarity here. When the federal government hits the debt limit it does NOT mean that it can’t borrow or that it can’t pay existing debts. It just means it cannot continue to run a deficit. Spending becomes limited by revenue, and existing debt may be replaced by new debt. The government just can’t add MORE debt.Details
by Ron Paul
One unique aspect of my homeschool curriculum is that students can start and manage their own online business. Students will be responsible for deciding what products or services to offer, getting the business up and running, and marketing the business’s products. Students and their families will get to keep the profits made from the business. Hopefully, participants in this program will develop a business that can either provide them with a full-time career or a way to supplement their income.
Internet commerce is the most dynamic and rapidly growing sector of the American economy. Not surprisingly, the Internet is also relatively free of taxes and regulations, although many in Washington are working to change that. For example, earlier this year the Senate passed the Marketplace Fairness Act, more accurately referred to as the national Internet sales tax act. This bill, which passed the Senate earlier this year, would require Internet businesses to collect sales tax for all 10,000 American jurisdictions that assess sales taxes. Internet business would thus be subject to audits from 46 states, six territories, and over 500 Native American tribal nations.
Proponents of the bill deny it will hurt small business because the bill only applies to Internet business that make over a million dollars in out-of-state revenue. However, many small Internet businesses with over a million dollars in out-of-state revenues operate on extremely thin profit margins, so even the slightest increase in expenses could put them out of businesses.Details