Tag: Budget and Tax Policy

Ban “Giving Back” »

Christina Hoff Sommers offers a great fact check on the propaganda currently being spread to “Ban Bossy,” here. As she details, Facebook COO Sheryl Sandberg’s campaign is rooted in cherry-picked data and at least one extremely old study that conveniently support her premise. Girls overall are doing better than boys, and “Bossy” is irrelevant...
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Let’s Start a Tax Revolt with Our iPhones »

Tax Day is upon us and at the federal level we’re told that Washington spends $3.5 trillion a year. The annual federal deficit stands at $514 billion. The national debt has climbed to $17.6 trillion. All of these numbers are staggering, and that’s the problem. Few people can relate to such large numbers because...
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Joseph Stiglitz: The Price of Inequality »

Although Joseph Stiglitz has a reputation as one of the most prominent defenders of big government, I found much to agree with in his book, The Price of Inequality. It does appear to me that throughout the political spectrum, from left to right, there is a substantial consensus that government is the cause of...
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The Coming U.S. Government Default? »

Social Security, Medicare, and the federal component of Medicaid are easily the leading sources of the U.S. government’s worsening fiscal nightmare. By 2037, the ongoing growth in spending for these programs will have pushed up total federal spending to 35.7 percent of GDP, according to the Congressional Budget Office. This share is about 75...
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“Pot” Holes? »

A recent story published on Fox News New York reports that New Jersey state senator Nicholas Scutari plans to introduce a bill to legalize the sale of marijuana there, tax purchases at the current sales tax rate of seven percent and deposit 70 percent of the proceeds into New Jersey’s highway trust fund. Like...
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The Independent Review—Spring 2014 Issue Now Available »

The Spring 2014 issue of The Independent Review, the Independent Institute’s quarterly journal, has just been printed and is en route to subscribers. Here’s a quick look at the contents: Is the near extermination of the North American bison a clear example of “the tragedy of the commons”? No, not if, like Peter J....
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President Obama’s Investment Skills »

After the Obama administration bailed out General Motors by purchasing a 60.8% ownership share in the company for $49.5 billion, President Obama said, “We expect taxpayers will get back all the money my administration has invested in GM.” (I do like the way the president takes responsibility for the investment.) Now, the president’s administration...
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Zeke Speaks Out on McCain and Health Reform »

Normally, I don’t think Zeke Emanuel has much to say that is both true and interesting. But this insider’s view of the making of ObamaCare is fascinating. Apparently there were people inside the White House who wanted to adopt John McCain’s approach to health reform. We ended up with only a timid step in...
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Intergenerational Transfers and Political Support for the Welfare State »

Supporters of the welfare state might see it as a mechanism for transferring income from rich to poor with the idea of helping those at the bottom end of the income distribution, but in the United States, the welfare state is increasingly transferring income from the young to the old, regardless of the wealth...
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Taxpayers Get Forked Again »

From the “you-can’t-make-this-stuff-up” file, California Assembly Speaker John A. Perez (D-Los Angeles) is sponsoring a bill to create an Office of Farm to Fork. AB 2413, which was introduced February 21, would create a new office within the California Department of Food and Agriculture to promote “healthy food access,” especially in “underserved” areas, and...
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