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.
Last month, I wrote a post that asked whether Manhattan should tax ride-shares, tax all vehicles, do something else, or do nothing at all. And you had some ideas about that. Below, I have tried to combine your answers (I got nearly 30) into a manageable set of categories. Responses were about evenly split among […]
Charging “prices” does not a market make.
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.
The market can route self-interest toward the common good. But the market channels altruism better than the state too.
Once again, the United States government is rapidly approaching a fiscal debt ceiling. After March 16, 2017, Uncle Sam is not legally allowed to borrow any more money to cover its budget deficits, unless Congress votes to raise the debt limit like it has every time in the past. Uncle Sam’s debt has been growing […]
The Congressional Budget Office (CBO) recently released the “The Budget and Economic Outlook: 2017 to 2027.” This annual report provides the federal government’s most comprehensive analysis of the current state of federal spending, taxes, and debt. It also provides a framework within which to analyze the President’s budget proposal and upcoming Congressional legislation. The news is […]
This year April 17 is Tax Day. Those who pay little tax count themselves as lucky winners. Some of the biggest losers will be married, working women, who are being discouraged from working by high rates of tax. Higher marginal tax rates discourage married women from working. When single women work and are considering marriage, […]
This bill is a train wreck waiting to happen.
I have my doubts about the “taxation is theft” meme making the rounds on my Facebook feed.
Breweries will open as long as it is profitable. When taxes and regulations raise the costs of opening a brewery, we will see fewer of them.
Over 100 million Americans will turn their attention to Houston this weekend, as Tom Brady suits up against the Atlanta Falcons for his record seventh Super Bowl. But, according to the NFL, it’s not just the Patriots’ quarterback who will be looking to make it big in Houston. The real winner is supposedly the city […]
How to evaluate the economic record of Barack Obama? To even begin answering, it’s necessary to go beyond just counting the number of jobs created during his presidency (10 million) or calculating the average growth rate (1.5%) or even looking at something more wonky like the labor force participation rate.
Trump-style economic nationalism, like the more full-throated fascism with which it shares much, aims to bring back the mythical glory days of the nation. But if we really want to make America great (again), we should learn the lesson of history, as well as economic theory, that prosperity comes from the free movement of goods, services, and people regardless of arbitrary political lines.
Trump doesn’t seem like the type for self-improvement, but here are four unsolicited recommendations anyway.
The Pentagon suppressed a 2015 study exposing $125 billion—yes, billion—in administrative waste, over a five year period, in order to protect its own budget from being slashed.
I was still a Soviet citizen when I first read some of the international documents on human, economic, and political rights.
Trump’s base will be hurt the most by his wealth-destroying and punitive trade policy.
In 1930, total government expenditure was 10% of GDP. Of that, approximately 3% was federal spending, and 7% was state and local spending. Today, government expenditure is about 40% of GDP, with 25% of that spending federal, and the remaining 15% state and local.
Solar power can only survive with an army of lobbyists dedicated to securing millions in taxpayer dollars.
It’s not BlackBerry’s fault the Apple iPhone has become the go-to smartphone for consumers worldwide.
Politicians have never met a new taxpayer-funded government program they didn’t like.
There are two problems with an estate tax: 1. The belief that estates should be taxed at all reveals a fundamental misunderstanding of economics, and 2. The actual taxing of estates has very different effects than those that advocates imagine it will have.