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The same people who want ‘the rich’ to pay for everything also want to tax them out of existence. How will that work?
If 'the rich' are going to pay for everything then somebody had better be rich. ...
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Alexis de Tocqueville on Sanders and Socialism
Alexis de Tocqueville is properly credited for getting America insightfully right in his legendary Democracy in America in the 1830s. My goodness, the young Frenchman was brilliantly prescient, but who possibly could have known he also would anticipate, nearing two centuries later, the economic and social aspirations of Bernie Sanders, Alexandria Ocasio-Cortez, and Ilhan Omar? “Democracy,” Tocqueville wrote, “extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while...
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In Defense of CEO Pay and Rich People
British journalist and politician Daniel Hannan recently wrote a smart defense of high CEO pay in the Washington Examiner. His are arguments rarely heard among the leftist shouts to “abolish billionaires.” And a couple of years ago I wrote a pretty good piece challenging Oxfam’s sensational report that claimed “obscene wealth” and inequality are “trapping hundreds of millions in poverty.” Here is a timely fusion of the two pieces as America seemingly plunges further toward socialism every day. Why is high CEO pay justifiable? “Top CEOs in America now earn, on average, over 300 times average pay. In 1965 it was 20 times....
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Why Affordable Housing Is So Hard to Find in America’s Big Cities
To make housing affordable, policymakers need to remove the things that are making it unaffordable now: excessive regulations....
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How the U.S. can avoid its looming debt crisis
All that’s needed is a bit of spending restraint to put the budget on a glide path to balance....
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U.S. is (still) heading toward a debt crisis
And it's a spending problem, not a revenue problem — making proposals like "Medicare for All" or a "Green New Deal" even more worrisome. ...
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Minnesota has high business taxes which research shows hurt our economy. Will Gov. Walz raise them?
New research shows that higher state business and personal tax rates mean fewer businesses, less employment, and reduced capital investment. Minnesota has the fourth highest top marginal individual income tax rate in the country and the third highest corporate income tax rate, which might explain why our state lags the national average in new business formation, job creation, and capital per worker. Gov. Walz must commit to not hike business taxes even further. ...
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Review: None of My Business by P. J. O’Rourke
You can count the number of funny books about economics on two fingers. And P. J. O'Rourke wrote both of them. His latest is None of My Business....
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Research shows that higher state business and personal tax rates mean fewer businesses, less employment, and reduced capital investment
Minnesota is one of the highest taxed states in America with the fourth highest top marginal individual income tax rate and the third highest corporate income tax rate. Our state lags the national average in new business formation, job creation, and capital per worker. New research suggests that these two phenomena are causally linked. ...
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Despite evidence, Minnesota Democrats want to hike the minimum wage by 74% for small businesses
We all want to reduce poverty. But we can only do so with by getting the unemployed into work and making our state's workers more productive. Waving a magic legislative wand, as these Senators propose, won't do that. ...
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