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Cost of Government Day: July 6

in Economic Liberty, Liberator Online Archives, Taxes by James W. Harris Comments are off

(From the Intellectual Ammunition section in Volume 19, No. 10 of the Liberator Online. Subscribe here!)

While Americans celebrated Independence Day on July 4, we are far from being able to celebrate fiscal independence.

Indeed, according to Americans for Tax Reform (ATR), this year Cost of Government Day fell on… July 6. Ouch!

Cost of Government Day — calculated each year by ATR — marks the point during the year when the average American has finally earned enough income to pay for his or her share of the spending and regulatory burdens imposed by government at the federal, state and local levels.

2014 is the sixth consecutive year that Cost of Government Day arrived in July; prior to President Obama taking office, Cost of Government Day had never fallen after June 27.

All told, the full costs of government amount to a staggering 51 percent of GDP. Workers toil 121 days to pay for government spending alone, and 65 days to pay for regulatory costs. Americans labor in tax slavery 186 days — more than half the year — to pay off the full burden of government.

Some states like Connecticut and New Jersey must work even longer than that to pay for the costs of high spending and taxes in their states. The latest state Cost of Government Day once again occurs in Connecticut, falling on July 26 for 2014. The earliest Cost of Government Day goes to Louisiana, occurring on June 12 this year.

The days worked to pay for federal spending decreased since last year. However, federal regulatory costs have increased since 2013. While Americans worked 65 days to pay for the costs imposed by regulation in 2014, if the regulatory regime grows larger it will almost certainly mean much later Cost of Government Days in the future.

Libertarian Party Voter Registration Increases 11% As Republicans, Democrats Wane

in Elections and Politics, Liberator Online Archives, Libertarian Party by James W. Harris Comments are off

(From the Intellectual Ammunition section in Volume 19, No. 7 of the Liberator Online. Subscribe here!)

Voter registration in the Republican and Democratic parties has decreased significantly in recent years.

Libertarian Party LogoHowever, according to American’s leading ballot access expert Richard Winger, Libertarian Party voter registration in the U.S. is growing — by a whopping 11.4% since late 2012.

According to Winger, the most recent figures available from state governments show 368,561 registered Libertarians in March of 2014, compared to 330,811 in November of 2012.

That’s from the 30 states that, along with the District of Columbia, allow voters to include a party affiliation with their voter registration.

Libertarian Party Chair Geoffrey Neale was, naturally enough, pleased. “I think it’s great that Libertarian registration is increasing throughout America, while the Democrats and Republicans have been shrinking,” he said in a media release. “Maybe it’s our across-the-board message of ‘more freedom, less government.’”

The states with the largest percent increases were Idaho (161% increase), Wyoming (68% increase), Nebraska (55% increase), and Louisiana (33% increase).

The surge comes after the 2012 election season in which Libertarian presidential candidate Gary Johnson won a record 1.276 million votes, double the 2008 vote. In total, 2012 Libertarian Party candidates received nearly 16 million votes nationwide, and set new records in several categories.