Comments on: Tom Coburn And Grover Norquist – What Makes A Tax?

By: Silverfiddle

Silverfiddle — Mon, 04 Jul 2011 13:36:25 +0000

The end result is indeed a market distortion caused by government intervention. Backstopping shoddy lending practices coupled with writeoffs for mortgage interest created the housing bubble. It was great for builders and realtors, while it lasted.

It distorted the market by incentivizing people to go into construction and real estate, eventually creating a cohort on unemployed home builders and realtors.

Consumer demand and prices are two important market signals. Government action masks them, creating bubbles and crashes.

By: theCL

theCL — Mon, 04 Jul 2011 05:20:24 +0000

We can’t just “call them whatever,” because “the end result is” not necessarily “a market distortion caused by government intervention.” As Larry says, they could be tax credits, which again leaves me guessing over a third option.

I may be in complete agreement with you guys. Tomorrow is a long day for me so I’ll look it up on Tuesday. Larry has done a great job here, I wouldn’t even know about this issue if it wasn’t for his post. I just need to wade through the swamp and dig in the muck myself a little.

From a moral perspective, I see nothing different between a government subsidy (of any kind) and armed robbery. I just want to make sure we’re actually talking about an actual act of theft. Political expediency got us where we are today. That ain’t good enough anymore.

By: Right Wing Extremists: 4th of July - Independence Day Edition | REPUBLICAN REDEFINED

Mon, 04 Jul 2011 02:25:51 +0000

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By: Teeing it up: A Round at the LINKs | SENTRY JOURNAL

Teeing it up: A Round at the LINKs | SENTRY JOURNAL — Sun, 03 Jul 2011 18:26:35 +0000

[...] Political Realities: Tom Coburn And Grover Norquist – What Makes A Tax? [...]

By: Silverfiddle

Silverfiddle — Sun, 03 Jul 2011 14:11:12 +0000

theCL: call them whatever, the end result is a market distortion caused by government intervention. Ethanol is government sponsored starvation. Starving people to feed cars, and we’re all supporting this immorality with our tax money.

By: LD Jackson

LD Jackson — Sun, 03 Jul 2011 11:45:09 +0000

I have heard it referred to in both ways. A Reuters story I read called it a .45 cent per gallon subsidy, but Wikipedia calls it a .45 cent per gallon tax credit.

By: theCL

theCL — Sun, 03 Jul 2011 03:48:23 +0000

I’m confused. Are we talking about “tax-breaks” or “subsidies?” Because from a financial perspective, each represents something very different than the other and will likewise affect the federal budget differently too. So, I’m Sweden until I have a better understanding of the debate.

By: rjjrdq

rjjrdq — Sat, 02 Jul 2011 06:18:55 +0000

Coburn should stay as far away from Norquist as possible. He’s a dhimmi with Muslim skeletons in his closet that go back years. Check him out. He’s far more than the humble no tax advocate he claims to be.

By: KP

KP — Sat, 02 Jul 2011 03:34:36 +0000

He is the real deal. As disappointment grows with elected politicians in DC a fresh alternative candidate might be able to step in and clean up. I wonder about his ability to raise money. I regret having to ask that question.

By: LD Jackson

LD Jackson — Sat, 02 Jul 2011 02:51:01 +0000

My mouth positively waters at the thought of Coburn running for President. He is a good Senator and a good man, one that sticks to his guns, yet is willing to compromise when it is needed. We could do a lot worse than having him as a candidate. Sadly, I have seen no indication that he would even consider such a race.