Ohio Libertarian Party regains state recognition, fields candidates in key 2024 races

Nanna said Ohio voters who aren’t satisfied with the candidates put forward by the Republican and Democratic parties should take a look at his party’s candidates.

“It’s important voters should have more choices at the end of the day, regardless of whether or not you’re a Libertarian or you agree with Libertarian views,” Nanna added. “I think it’s important that we put our best foot forward and run as many candidates as possible.”

https://www.cleveland.com/news/2024/08/ohio-libertarian-party-regains-state-recognition-fields-candidates-in-key-2024-races.html

https://archive.is/UDJ0L

French Exports to Avoid: Wealth Taxes

There is a reason that most countries don’t tax total assets — and it’s not generosity. Rather, it is because such taxes are unproductive. As might be expected, wealth taxes lead to capital flight and brain drain; they cause a drop in savings and investment, as well as entrepreneurship. They have high administrative costs (involved in finding and valuing assets). In the end, wealth taxes tend to yield low revenue, while dragging down economic growth. But they do make for good politics, especially in election years; envy commands votes.

The New York Times Thinks ‘Brutal Capitalism,’ Not Socialism, Ruined Venezuela

Fact check: Venezuelan President Nicolás Maduro is the leader of the Socialist Party.

Under their idealized system, socialists claim, the government’s centralized redistribution of resources will be fair, equal, and democratic. Yet it certainly says something about such a system that it collapses into outright tyranny every time it is attempted. Socialist governance seems to require concentrating an extraordinary amount of power in elite government decision makers; this tends to produce a new ruling class, the widespread deprivation of political rights for everyone else, and crippling poverty.

https://reason.com/2024/08/01/the-new-york-times-thinks-brutal-capitalism-not-socialism-ruined-venezuela/

Milton Friedman: ‘Crack Would Never Have Existed If You Had Not Had Drug Prohibition’

The prohibition of drugs produces on the average 10,000 additional homicides a year. It’s a moral problem that the government is going around killing 10,000 people. It’s a moral problem that the government is making into criminals people who may be doing something you and I don’t approve of but who are doing something that hurts nobody else.

https://www.cato.org/blog/milton-friedman-crack-would-never-have-existed-you-had-not-had-drug-prohibition

Fifth Circuit Affirms Just Hours After Oral Argument: Criminal Libel Arrest for Criticizing Police Officer …

…Louisiana law had never been revised to comply with the First Amendment…

https://reason.com/volokh/2023/08/16/fifth-circuit-affirms-just-hours-after-oral-argument-criminal-libel-arrest-for-criticizing-police-officer/#more-8245547

Texas School District Threatens to Seize 79-Year-Old Man’s Home for Stadium Parking Lot

The Houston-area Aldine Independent School District is considering the use of eminent domain to seize a one-acre property owned and occupied by Travis Upchurch.

In April, the Aldine Independent School District voted to authorize the use of eminent domain to seize the home and surrounding acre of land currently owned and occupied by 79-year-old Travis Upchurch, reported the Houston Chronicle in July.

https://reason.com/2023/08/18/texas-school-district-threatens-to-seize-79-year-old-mans-home-for-stadium-parking-lot/

Tax Exiles

In 1973, Pink Floyd released The Dark Side of the Moon which included the single ‘Money,’ on which Roger Waters snarled: 

Money

Get back

I’m alright, Jack, keep your hands off of my stack

‘Money,’ according to one critic, “deals with crass materialism.” But by the time Pink Floyd recorded The Wall in 1979, they did so in France and the United States because remaining in Britain would have incurred a massive tax bill. 

Fewer People Are Going To College. That Could Be a Good Thing.

“If I would have gone to college after school, I would be dead broke,” one high school graduate told the A.P.

“Why do I want to put in all the money to get a piece of paper that really isn’t going to help with what I’m doing right now?”

https://reason.com/2023/03/09/fewer-people-are-going-to-college-that-could-be-a-good-thing/

What’s Next for America’s Independent Workers?

As these states’ experience shows, applying the ABC test nationally would force hundreds of now‐​independent occupations to be reclassified as employees, regardless of workers’ and employers’ own contracting decisions. This could impose significant economic harms—including for the very workers the proposed rule is supposedly protecting.

https://www.cato.org/blog/whats-next-americas-independent-workers