Efficient taxes lead to higher taxes. The way to keep government small is to starve it of taxes that raise lots of revenue.
Libertarians are sometimes accused of being unrealistic and impractical because we occasionally talk about unconventional ideas such as competitive currencies and privatized roads.
But having a vision of a free society doesn’t mean we’re incapable of common-sense political calculations.
For example, my long-run goal is to dramatically shrink the size and scope of the federal government, both because that’s how the Founding Fathers wanted our system to operate and because our economy will grow much faster if labor and capital are allocated by economic forces rather than political calculations. But in the short run, I’m advocating for incremental progress in the form of modest spending restraint.
Why? Because that’s the best that we can hope for at the moment.
Another example of common-sense libertarianism is my approach to tax reform. One of the reasons I prefer the flat tax over the national sales tax is that I don’t trust…
View original post 1,127 more words
Recent Comments