As I’ve pointed out for decades, one of the fundamental principles in Karl Marx’s Communist Manifesto is a “progressive” tax rate structure that punishes the more successful people and redistributes their wealth to the less successful based on the ultimate goal of making everyone perfectly equal.  It is the underlying justification for our current tax rate structure.

In case anyone thinks this punitive taxation philosophy can’t get any worse, thanks to TaxProf Paul Caron for finding this website from some of Marx’s disciples, TaxWisdom.org that is in favor of even more confiscatory tax rates; even as high as 99%.

This is a gold mine for those of us who love to notice oxymorons in the language.  Calling tax rates that punish achievement “progressive” has always been a bone of contention with me.  Now, calling a 99% income tax rate “Tax Wisdom” may win the award for most ridiculous terminology.

Election May Doom the Estate Tax – We hope our GOP rulers can finally get it together and make the repeal of the Marxist estate tax permanent and not just for a single year, as it now stands.

Bush revives push to privatize Social Security

Donating cars may be better in 2004 than 2005

Bush Administration Tax Policy: Down Payment on Tax Reform?

Senators and Insider Trading – Our rulers would use secret inside info to increase their own stock profits?  Shocking!

Creating an Ownership Society: The Bush Challenge

Election Shows the Third Rail Is Dead – I wouldn’t go that far.  The Left will never cease in their screams of bloody murder against any attempt to reduce the level of government control over our retirement funds.

Democrats Finding Little Common Ground with GOP on Tax Reform – As I’ve repeatedly warned, too many people use the word “reform” as a synonym for “repair” or “improve” when it really just means to form it again or into something different, such as my infamous analogy of the legislative/digestive process, where an apple pie is reformed into something very different. Those of us who believe in capitalism obviously have a very different concept of what would be an improvement in the current tax system than do those who worship Karl Marx, such as most members of the DemonRat (aka JackAss) Party.

Giving a Car? Get It in Gear – More on the new rules taking effect next year.

Big Tax Plans, Big Tax Risks