1. James M. Buchanan, The Economics of Earmarked Taxes, Journal of Political Economy. 457–69 (October, 1963), at 457. Buchanan also discusses earmarking in Public Finance in Democratic Process, Chapel Hill: University of North Carolina Press, 1967, at 72-87.
2. The Social Security taxes that are collected in the USA are not really set aside for the taxpayers’ retirement. Those who work pay into the system and those who are retired draw from it, so the Social Security Trust Fund is not a true trust fund.
3. Knut Wicksell, Finanztheoretische Untersuchungen (1896), reprinted as A New Principle of Just Taxation in Classics in the Theory of Public Finance 72–118 (Richard A Musgrave and Alan T. Peacock, eds. 1958). Also see James M. Buchanan, Public Finance in Democratic Process 72-87 (1967).
4. William F. Stagnait, II, The Economics of the Nanny State, in Taxing Choice: The Predatory Politics of Fiscal Discrimination 13–29 (William F. Shughart, II., ed. 1997), at 19.
5. William F. Shughart, II, The Economics of the Nanny State, in Taxing Choice: The Predatory Politics of Fiscal Discrimination 13–29 (William F. Shughart, II., ed. 1997), at 20.