Written by Editorial | 01 January 2008

Get 'Em High
Four Benefits of Corporate Profits
PI Editorial

1. They encourage entry into the market and create competition (because everyone and his company wants a piece)

Business loves profits. The public loves competition. The good news for economic matchmakers and the public alike is that the two often combine in a highly successful union. High profits encourage new businesses to enter the profitable industries, and the entrance spawns competition.

This elementary piece of common sense is also an economic law that states that high profits, in general, tend to encourage competitive entry into a market. Where profits are made, in other words, competition generally follows. This is a good thing.

Written by Joe Holmes | 01 January 2008

Facing Certain Death Taxes
Why inheritance taxes are the fairest and most efficient tax system
Joe Holmes

When we take a real look at the current tax structure of the United States government we must ask ourselves a few simple questions. "Why are we taxed?" "How are we taxed?" "What are our notions of justice and fairness as they relate to taxes?" "Is our current tax system living up to these notions?" In thinking of these fundamental questions (perhaps questions we do not examine often enough), I hope to show why our current system is flawed, failing, and how we might seek to change it.

Written by M. Harrison | 01 January 2008

Doling for Columbine
Five Reasons Why Welfare Should Be a Libertarian Cause
Matt Harrison

The libertarian rightly distrusts the welfare state. It is, at its core, the politics of illusion, fostering the socialist fantasy that income can or should come as a result of inaction. It is ripe for exploitation by those who wish to free-ride on the system. And it also encourages laziness, depriving the economy of the very productivity that allows the welfare system to exist.

But at these costs, it has important benefits - both as an economic policy and a political position.

Written by Thomas Hutchinson | 01 January 2008

One For Me, Nineteen For You
Why a flatter tax can benefit everyone
Thomas Hutchinson

“Our forefathers made one mistake. What they should have fought for was representation without taxation.” -Fletcher Knebel

If only. While Mr. Knebel harbors grand illusions of non-taxation, we all still inevitably face the taxman that George Harrison so creatively sung about. Seeing that all of us are equally faced with that uncomfortable reality, I believe that the burden should be placed on all of us as equally as possible. With this goal, and to increase economic efficiency, America's progressive tax should be progressively eliminated.