In a libertarian society Hunter Biden would not have had to make a plea deal because…

there would be no income tax, and no one would have to get government permission to own a firearm.

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Robert Wright’s review of my book captures the essence of my journey in America. 

“There is a right way and a wrong way, always choose the right way.”  Abraham Sabrin (1914-2001)

In a libertarian, i.e., free society, there would be no income tax.  Thus, there would be no “crime” of failing to file a tax return and certainly no crime of tax evasion. 

I first read about creating a tax-free society in Rothbard’s For a New Liberty, which was published 50 years ago.  I came across the book at the Rutgers library when I was a full-time graduate student in 1973. 

Fast forward to 1992, when I was on sabbatical and wrote Tax Free 2000, which was published in 1995 about how to get to there—a tax free America—from here. 

If the country had followed my roadmap to a tax-free America, the federal government would not have a $32 trillion debt, the federal budget would be miniscule, and young people would have been saving for their own retirement including having an account to pay for their medical care bills.  Medicaid would have been phased out and replaced with nonprofit health centers like the one I helped create in New Jersey , funded by voluntary contributions. 

All the goods and services people want and need as well as having a vibrant social services sector can be obtained in the private sector and the nonprofit sector.  As far as national defense, we could have a “voluntary” payment system to fund the legitimate defense needs of the country.  (Details in my book.) No more endless wars and hundreds of military bases around the world.

The Second Amendment is unambiguous.  The American people have the right to own a firearm.  No government permission needed. 

Well, what about individuals who use a firearm to commit a crime—murder, robbery, rape, etc.?  There must be a swift trial and the proper punishment as I outlined in TXF2000.

We need a new “social contract” regarding crime and punishment.  First, an individual who purchases a firearm would sign a contract with the gun shop that he would only use the firearm for peaceful purposes.  Second, if a buyer refuses to sign, the storeowner could refuse to sell an individual a firearm.  No matter, anyone who uses a firearm to commit a crime would be banished, that is, deported as far away as possible.  Where?  To one of the 11,000 islands that make up Indonesia.  Third, the police throughout America would go to high schools and junior high schools and explain to young people that if they commit a crime with a firearm or for that matter any lethal weapon, e.g., knife, baseball bat, etc., there days in their communities would be numbered. 

The coddling of criminals would be over. 

More benefits of the new social contract.  The prison population would be reduced 50% or more and recidivism would decline markedly, because there would be no parole for the bad guys. They would be gone, no longer preying on the elderly and others.  In short, taxpayers would save billions of dollars in not having to warehouse criminals and thus the streets of America would be immeasurably safer. 

Would this be cruel and unusual punishment?  No.  Every American has a right not to be attacked, assaulted, etc.  If anyone cannot abide by this simple principle, and if the he/she becomes a criminal, they would be deported-exiled, and we would no longer have to house, feed, clothe the predators among us. 

My latest piece on the economy was published in Fortune, https://fortune.com/2023/03/27/recession-2023-layoffs-tech-finance-unemployment-outlook-fed-rates-murray-sabrin/  This is an update of my 2021 forecast, https://fortune.com/2021/12/09/next-recession-heres-everything-bubble-markets-2021-2022-covid-murray-sabrin/ 

Murray Sabrin, PhD, is emeritus professor of finance, Ramapo College of New Jersey. Dr. Sabrin is considered a “public intellectual” for writing about the economy in scholarly and popular publications. His new book, The Finance of Health Care: Wellness and Innovative Approaches to Employee Medical Insurance (Business Expert Press, Oct. 24, 2022), and his other BEP publication, Navigating the Boom/Bust Cycle: An Entrepreneur’s Survival Guide (October 2021), provides decision makers with tools needed to help manage their businesses during the business cycle.  Sabrin's autobiography, From Immigrant to Public Intellectual: An American Story, was published in November, 2022.