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Libertarian Leanings
Libertarian Leanings is a column by by Peter Burrows, who blogs at silvercityburro.com and can be reached at
It does not necessarily reflect the opinions of the Grant County Beat.
- Category: Libertarian Leanings
https://silvercityburro.wordpress.com/wp-admin/post.php?post=1275&action=edit
By Peter Burrows 4/23/25
One of the worst ideas the Trump Administration has come up with is to eliminate income taxes for those making $150,000 a year or less. This might make short-term political sense, but in the long run it will make controlling the size of the government even harder than it is now.
It would mean only 7 percent of US citizens would pay 100 percent of the income tax. The other 93 percent would pay zero percent and have no incentive to reduce government spending or oppose future tax increases. It's bad enough now, with the bottom 93 percent paying only 24 percent of all the income tax revenue while the top one percent pays about 40 percent. That's worth repeating: the top one percent pays 40 percent of the total.
- Category: Libertarian Leanings
Trump's Tariff Tango: Shrewd or Stupid? By Peter Burrows --
I think President Trump makes a compelling case that the United States has been harmed by unilateral tariffs placed on American goods by, apparently, damn near every country in the world. I had no idea such tariffs were so ubiquitous and had been in effect for so long, and in some cases, had been so damned high.
His retaliatory tariff policy, while causing great consternation around the world, appears to be having the desired effect as many countries are now offering to lower or eliminate their tariffs if we'll do the same. Trump's "shock and awe" tactics may be well thought out or spur-of-the-moment. Probably both.
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