As part of President Biden’s Build Back Better, another $3 trillion is reportedly now in the works on top of the $1.9 trillion that was just approved earlier this month with the American Rescue Plan. The $3 trillion would come… Read More ›
Back on December 28, I shared four charts for the explicit reason that I wanted everyone to understand that average living standards in the western world have skyrocketed over the past few centuries. I could have used that data to… Read More ›
The Center for Freedom & Prosperity (CF&P) Foundation has published a new paper titled, “The Economic Effects of Wealth Taxes.” Authored by John Diamond and George Zodrow of Rice University, the paper considers the significant economic damage that would occur if lawmakers adopted a wealth tax of between 2 percent-6 percent. Such a plan, modelled after the proposal from Senator Elizabeth Warren, is likely to be part of next year’s post-election tax agenda.
Early last month, in a column on my hopes and fears for 2017, I fretted about fiscal chaos in Italy leading to default and bailouts. Simply stated, I fear that Italy, along with certain other “Club Med” nations, has passed… Read More ›