Jurisdictional competition leads to better tax policy because politicians act less greedy when they have to worry that the geese with the golden eggs can fly away. Folks on the left fret that this creates a “race to the bottom,” but that’s only because they favor big government and think our incomes belong to the state.
Politicians who exist to spend. If the money's there, they'll spend it. What ultimately powers spending and borrowing is the wealth of the citizenry that sadly gifts politicians with surging revenue streams that enable endless spending and borrowing. Rich countries can borrow, and they do. The fix is constitutionally limited government. Always.
Until recently, Australia has had a very troubled relationship with cryptocurrency. Back in 2014, they decided to allow double taxation, which caused several well-known operators to quit the country. Now, Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.
The UK's Labour Party, which has become radically left wing under Corbyn, has openly acknowledged that the Laffer Curve is real and that higher tax rates impose at least some damage. This is how we know we're making progress.
There's evidence that lower tax rates helps teams score more points and win more games. This shouldn't be a surprise. We know taxes impact the decisions of high-income earners, and everyone from entrepreneurs to inventors.
Ronald Reagan wrote in his autobiography, An American Life, “[M]y major was economics. But I think my own experience with our tax laws in Hollywood probably taught me more about practical economic theory than I ever learned in the classroom or from an economist.”
Wouldn’t it be a nice change to see Republicans promote tax relief that penalizes American workers less while also reining in politicians?
Daniel Louis Crumpton joins me today to talk about his work with the non-profit CannaSense. Daniel explains how CannaSense provides medical grade cannabis and related products to anyone in need through out the 50 states. We talk about the legal framework that CannaSense uses in order to provide the medicine. Daniel breaks down what they call the trifecta (Compassionate Use act, Affordable Care Act, and the Article 4 Section 1 of the Constitution) which sets up a legal framework to prescribe cannabis and distribute it no matter where you happen to live.
The marijuana legalization movement is growing stronger but states that are “liberalizing” their marijuana laws are not actually repealing the laws that make cannabis illegal. Instead, they are creating a complex regime of control.
Whether you've read A Tale of Two Cities or not, you know the French Revolution happened because the people were sick and tired of being sick and tired. Yes, the Revolution was about politics and religion and envy and many other things. But the spark was much more primal: hunger. Hunger based not on famine, but on the financial inability to provide food, because their money went to the building and upkeep of the palaces in whose shadows they lived.
