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Category: Fiscal Matters
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By Selwyn Duke “A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury,” goes the famous apocryphal warning. “From that moment on, the majority always votes for the candidates who promise the most benefits….” The result of this “is that every…
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By Selwyn Duke For decades, there would be much talk among politicians about United States budget deficits (and the national debt). Yet this faded sometime after 2010, at the latest, after which our debt achieved elephant-in-the-room status. It’s perhaps just too scary or inconvenient — when you want or are promising free stuff — to discuss.…
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By Selwyn Duke “The trouble with socialism,” said late British leader Margaret Thatcher, “is that eventually you run out of other people’s money.” Socialism also, one might add, can make the people with money run out. This is a concern, too, with proposed and already-instituted “wealth taxes” on millionaires and billionaires. Yet there’s a reason…
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