Monthly Archives: July 2012

What Should Libertarians Do About Mitt Romney?

Mitt Romney is a corporatist. He supports the existence of the Federal Reserve. He supports drastically increasing our military spending. He once gave a speech about shutting down coal plants as governor outside of a coal plant. He is absolutely not a libertarian. Barack Obama, however, is obviously no better. The valid arguments against Mitt Romney aren’t arguments that Obama can use, because they would be suicide. Barack Obama can’t exactly bring up Ben Bernanke or foreign policy, because they’re

Land-Value Tax: Why It’s Immoral and Destructive

I just had a conversation with an angry “geolibertarian”. This Physiocrat inspired approach to libertarianism apparently supports a special land-value tax, or a tax on land that is held and not developed. The general argument is that undeveloped land should be developed as soon as possible without people sitting on vacant land as an investment.¬†Of course, like all tax arguments, this completely misses the point, is based on bad assumptions, and is immoral theft. Calling it “libertarian” is completely backwards.

Copyright Capitalism Institute, 2011-present.