Tom Schatz, President, Citizens Against Government Waste In a galaxy not too far away and a little too close to Earth lies Planet Bernie. Everything is free from birth to death. There is a government program for education, medical care, housing, and retirement, all 100 percent guaranteed and paid for. No one […]
Tag: inequality
Politics, technology and environmental change merging in megatrend, threatening upheaval
By Dr. Alexander Görlach, Senior Fellow, Carnegie Council for Ethics in International Affairs The coming months will see three trends from last year merge into a megatrend that will not only define the presidential election in the USA but also send waves across the Atlantic to Europe and across the Pacific to […]
Congestion costs Mexican cities 94 billion pesos a year
“The cost of congestion: life and resources lost” Courtesy of IMCO Mexican cities do not measure the effects that vehicular congestion has on the population, so the inhabitants pay the high costs generated by this problem due to the lack of public policies and investment to guarantee better public transport services. This […]
Yes, the rich do pay their fair share of taxes
“The Myth That the Rich Don’t Pay Their ‘Fair Share’ of Taxes” By Gary M. Galles, courtesy of the Foundation for Economic Education Elizabeth Warren and Bernie Sanders have led the charge to add many zeros to what some Americans should be given at others’ expense. As a result, they have doubled (or […]
Are women more willing to accept jobs with lower pay?
“Are women more willing to accept jobs with lower pay?” Courtesy of IZA Few topics in labor economics have received more attention in academic, public and policy debates than the gender pay gap. The IZA Newsroom frequently summarizes new research findings on various drivers of the gap, including the role of discrimination vs. structural differences, […]
Don’t let protests obscure Chile’s triumph
“Chile’s Success Story Is Difficult to Deny” By Ian Vásquez, courtesy of the Cato Institute Weeks after a 3.75% rise in metro fares in Santiago, Chile sparked violent protests by a small group of students that then generated more widespread disruption, mostly peaceful mass protests continue. Some observers have seized on the political […]
Welfare spending makes wealth inequality worse
“Welfare State Causes Wealth Inequality — Euro Experience” By Chris Edwards, courtesy of Cato Institute Democrats running for president are condemning wealth inequality while calling for an increase in social spending. But expanding social spending would magnify wealth inequality, not reduce it, because it would displace […]
Europe will become even more polarized in downturn
The European Union was supposed to speed up the process of convergence between the continent’s high- and low-income countries, but by many measures the continent has actually become more polarized along regional, economic lines – and this trend is only going to be exacerbated […]
Much of “Green New Deal” has nothing to do with the environment
There a couple plans for the “Green New Deal” circulating in the U.S., UK, and elsewhere, all supposedly intended to tackle the causes of climate change with sweeping measures to de-carbonize society. Except as Tim Worstall of the UK’s Adam Smith Institute points out, […]
UK should tax income from wealth like work income
The UK should rationalize its tax system with reforms that would treat income derived from wealth (e.g. capital gains from stock holdings) the same as income derived from work, argues Shreya Nanda in an op-ed for CapX. While it will hardly be popular with rich […]