Wyoming Liberty Group

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Global Tax Grab Could Hit Wyoming Soon

This is a serious matter that all Wyomingites need to pay attention to. From the Center for Freedom and Prosperity:

The Organization for Economic Cooperation and Development (OECD) is directing considerable resources toward development of a new framework for taxation of multinational enterprises. According to tax bureaucrats at the OECD, the G20, and finance ministers from large welfare states, base erosion and profit shifting (BEPS) is a serious problem that requires drastic action. Without input from the United States Congress and other elected national bodies, they are rushing to rewrite the rules of global commerce. Available data does not support the contention that BEPS is a serious concern. Nevertheless, the OECD’s sweeping proposals to combat BEPS would create a privacy nightmare and stifle economic growth. Even if there were a problem, better policy responses are available. The simplest and most powerful being adoption of pro-growth tax rates. To make sense of the sudden push for a massive, multinational undertaking where costs are likely to be significant and benefits small at best, if they exist at all, the OECD’s project on BEPS must be viewed in the context of the organization’s long-standing war on tax competition.

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Boyd Wiggam discussed the ongoing Wyoming Business Alliance Tour 23 series and government-driven economic development issues with Chuck Gray on KVOC

Boyd Wiggam discussed the ongoing Wyoming Business Alliance Tour 23 series and government-driven economic development issues with Chuck Gray on KVOC. June 4, 2015

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The GOP Budget: Zero Deficit and Tax Reform

Things are moving on Capitol Hill. Not only have the Republicans presented a budget for FY2016 with a fiscal plan to balance the budget in nine years, but they have also opened for good, solid tax reform.

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The Case for a Balanced Budget Amendment

In my Op-Ed in The Hill today I explain why we need to add a Balanced Budget Amendment to the U.S. Constitution:

Inevitably, a debt crisis is coming. We know it will happen - the only uncertain thing about it is to forecast when it will happen. Practically no economist was able to predict the unfolding of the current European government debt crisis. On the contrary, many forecasts were still predicting “business as usual” as late as in 2007. It is just as difficult to say when the U.S. debt becomes an acute crisis. All we know is that the crisis will come. That is as certain as an earthquake in California. And that makes the Obama budget all the more irresponsible. Fortunately, there are some encouraging signs of fledgling fiscal responsibility in Congress. The GOP budget for 2016 slowly reduces the deficit over nine years and balances the budget by 2025. This is a welcome change for the better. There is just one caveat. The GOP budget won't become actual policy unless the Republicans win the next five Congressional elections and the next three presidential elections. We need a better insurance policy against the looming debt earthquake. It is time to reopen the case for a balanced budget amendment to the constitution.

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Libertarianism vs. the Welfare State, Round 2

“Freedom is never more than one generation away from extinction.” – President Reagan

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More than a quarter century has passed since the Berlin Wall fell. The average American college student was born years after the subsequent reunification of Germany. How many Americans under 30 have a living memory of the “Soviet Union”?

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Pension Reform: Grab the Bull by the Horns

What can state pension reform advocates learn from Masutatsu Oyama?

A great deal. Mr. Oyama - or Sosai Oyama as he should properly be referred to - was the founder of kyokushin karate, one of the toughest striking styles of martial arts ever invented. To prove just how tough his style was, Sosai Oyama fought full-grown bulls using nothing but his hands, his feet and the devastating techniques that constitute kyokushin karate.

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Libertarianism vs. the Welfare State, Round 1

The American welfare state is alive and kicking, with steady growth in spending in typical welfare-state areas such as welfare, health care and education. During the Great Recession America's welfare state has proven to be impervious to the general macroeconomic conditions of the nation's economy. 

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