…in itself explains why they don’t understand the aims of Progressive Taxation. Label it how you like, the academic discipline that emerged from England in the 18th and 19th century…

Labeling for Increased Profits, Farmer and Economist, Michael Smith It is a well-known marketing ploy to label, relabel, and even mislabel a product again and again to increase sales. We…

…issue. Historically, during and following tax hikes tax collections /GDP rise. During and following tax cuts, tax collections fall. (How a fact so basic that even a child could observe…

…asset holdings. Saving doesn’t create assets. (Or, hence, any long-fabled “loanable funds”). 3 Likewise, of course: spending — even on goods for immediate consumption — does not “consume” assets. They…

…incomes double, is unnecessary. Max noted that if the marginal utility of private goods (P) also exhibit diminishing marginal utility, then a strong case for a progressive tax system follows….

…for the daily supply of oil and the consumption of it balance out, essentially a balance sheet fudge factor that they label in their footnotes as “unaccounted for crude oil”,…