income tax

79 How this is done

Stories Illinois Governor Richard Ogilvie put his full strength behind the state’s first income tax that proved vital to the state’s financial recovery. After he lost the next election, he wistfully commented that he probably couldn’t be elected to the office of dog catcher. His many progressive accomplishments included establishing the Illinois EPA which served as an example for the national EPA. After Governor Jim Edgar’s second term, it was described as Netsch II because he implemented some campaign promises of his election opponent Dawn Clark Netsch (who had incidentally proposed increasing the sales tax). There is a political adage …

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30 Picture this

Let us eliminate bicycle theft by producing so many bicycles that nobody will perceive stealing a bicycle as an increase in wealth. We remove the motive by reducing to zero the marginal value of one more bicycle. The larger economy benefits from a similar pattern. One American living in Denmark was willing to pay 70% income tax because it bought him a peaceful life in a friendly environment. When I lived in Switzerland, I twice recovered my umbrella after accidentally leaving it on a train. That involved identifying the train and the approximate location on the train, along with choosing …

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