Regressive taxation. That’s when the taxes the government levies disproportionately hit those with less money than those with more money. They sound like something only an out-of-touch, snooty, oligarchical, oppressive, “let-them-eat-cake” sort of government would do, no?
Heh. If only.
Taxes on gasoline are a prime example: everyone who pulls up to the pump pays the same amount o... More
Who wouldn’t jump on the bandwagon to soak the rich? I mean, when the economy is sour and scads of people are out of work, those who seem to still be doing just fine ought to be made to contribute a little (or even a lot) more, right? It’s good social justice to force those who have to fork over more, right?
Happily, we’re finally seeing that in states like Wisconsin, Ohio, New J... More
The federal subsidy of ethanol will end with the end of the year if the government does not act to extend it. For the sake of those struggling to make ends meet, let us hope they let it die.
According to analysts from Goldman Sachs, the ethanol industry “will consume about 41 percent of the U.S. corn crop this year, or 15 percent of the global corn crop.” With increased demand comes in... More