Wednesday, January 04, 2012

Recommended reading

  • Clive Crook on taxes and income inequality. Excerpt: "A new report by the Organization for Economic Cooperation and Development shows that in the middle of the last decade -- i.e., after the Bush tax cuts were introduced -- the U.S. income tax was about as strongly redistributive as income taxes in Canada, Denmark, Finland, the Netherlands and Sweden."
  • David Henderson spoke to a gathering of Occupy folks and describes the encounter in four parts (each is relatively brief) here, here, here and here. Very, very, very good read. 
  • From our good friends at the Cato Institute: the ease with which Medicare fraud is committed, Solyndra political theater (again illustrating the stupidity of using politics/government to allocate resources) and some alternative uses for the money spent bailing out Fannie and Freddie.
  • A prediction of five government agencies that technology will render obsolete. While it is uncertain whether these predictions will come true, it is interesting how much technology has already made government less relevant, or at least more bearable. Examples include TurboTax reducing the burden of tax filing, email and online bill pay reducing the need to rely on the USPS and the thousands of cheap used books for sale at Amazon, not to mention the near infinite amount of free reading material on the internet, that reduces one's dependence on the local library.

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