Taxes and Inequality

Richard Rubin’s essay in the Wall Street Journal, The Next Tax Revolution (print edition), Democrats Take Aim at the Reagan Revolution (online) is a tidy summary of our history of the income tax. Understanding the income tax and its impact requires distinguishing the...

Are Property Taxes Regressive?

Local governments balance property taxes with sales taxes to reach its revenue objectives. Sales taxes are considered regressive since the poor consume a higher proportion of their income and thus pay a high portion of their income on sales taxes. States try to...

A Conduit of Corruption

In National Review, What the Panama Papers Actually Show by Michael Tanner We see something similar, if less dramatic, in the United States. There is a reason why five of the ten counties with the highest median incomes in America are suburbs of Washington, D.C. This...

Inequality Myths

From National Review and Michael Tanner, The Democrats’ Class Warfare excerpt And now we have a new study from the Brookings Institution. Yes, the liberal Brookings Institution. Authored by former Obama economic adviser Peter Orszag and others, the study concludes...

The Thomas Piketty Reader

From Stephen Moore at Investor’s Business Daily, The Left’s Advice Would Bring A Second Great Depression: One oddity of the current economic debate is that the more Barack Obama’s incompetent income-redistribution policies have failed, the more the...