Lower taxes are also known to contribute to long-term economic growth, and after enduring so many economic setbacks, this would be the best chance millennials have of being able to secure a brighter future.
America needs to address its infrastructure woes, but a regressive tax with a disproportionate impact on those who can least afford it is not the way to go about finding solutions. If a federal gas tax holiday is implemented, it should be made permanent.
If levied, the “billionaire tax” targeting unrealized capital gains would penalize entrepreneurship and have unprecedented destructive potential
The G7’s recent plan for a global minimum tax rate of 15% is a terrible idea that will hurt consumers and restrict competition.
Myth 1 is that the government owes “only” $20 trillion. (In reality, it’s much more.) But luckily, Myth 10 is that there’s no way to fix this problem…
President Trump has repeatedly claimed that the United States is the highest-taxed country in the world. The data people are using to fact-check him are misleading.
Given that Africa has the world’s youngest population, the lack of steady, formal-sector jobs is an enormous political and economic risk factor. Unemployed youth are more likely to be criminals, may be lured into militant groups, and contribute to political unrest.
When politicians raise taxes on the rich, what do the rich do to protect their $$$? This Prof. shows how high taxes actually made America less equal.
Newly reelected Greek Prime Minister Alex Tsipras expects that by early 2017 Greece will be able to access bond markets, from which it has been virtually cut off since it lost investor confidence in 2010. If it is unable to meet this timeline, it will be forced to rely on further bailouts or go bankrupt. […]
The New York Times came out with an article last weekend claiming how much good raising taxes on the country’s wealthiest could do: [W]hat could a tax-the-rich plan actually achieve? As it turns out, quite a lot… the government could raise large amounts of revenue exclusively from this small group, while still allowing them to […]
What happens when the government spends all of the tax revenue it collects? In 2013, the U.S. budget deficit was $680 billion dollars! Who eventually pays for this difference in tax revenue and government spending? Professor of Economics at Duquesne University Antony Davies explains in the following video on the worst fiscal milestone of every […]
It’s October, which means it’s one of the best months of the year for drinking beer. Whether it’s the crisp, clean taste of an Oktoberfest or the soft, spicy kick of a pumpkin ale, the seasonal brews available this month bring us some great variety after a summer of drinking our favorites. In the three […]