As the hysteria over global warming heats up, carbon taxes have become the “cool” option. Environmentalists love them. So do politicians, who are more than happy to raise taxes while scoring political points. Carbon taxes, or other analogous pricing schemes, are now prevalent in Western Europe, and are making headway in North America.
The Republicans' proposed Tax Cuts and Jobs Act is the archetypical tax reform bill: it lowers taxes but increases their complexity. High taxes are bad, but a complex tax code is worse. America deserves better. This is not to say that high taxes are not a problem. They are. America is one of
Ask 10 physicists where an asteroid will be in one year, and you’ll get one answer, and it is likely to be correct. Ask 10 economists where the economy will be a year from now and you’ll get 10 answers—all wrong. The disheartening truth is that economists are notoriously bad at prediction. We
We will no longer surrender this country, or its people, to the false song of globalism. —Donald J Trump, April 27, 2016In 1950 the American dream lived in Detroit: it was a magnet for talent, for hardworking hands and dreaming minds. The city was rich—fabulously rich, boasting enough classical art to satisfy a Medici—and
The White House on October 8 released a list of “Immigration Principles and Policies” that President Trump says “must be included” in any legislation legitimizing President Obama’s Deferred Action for Childhood Arrivals (DACA) program. Trump is cutting a deal: Congress gets DACA if Trump gets immigration reform. Is it a good deal? No,
Everyone and their dog has heard of Adam Smith, John Maynard Keynes, and Milton Friedman. Not only are they some of history’s most influential economic thinkers, they are intellectual celebrities. Books like the Wealth of Nations are commonly cited. But unless you are a lonely economist, you probably have never heard of David
Illegal immigrants and their children cost American taxpayers $135 billion annually—or $8,075 per alien per year, according to the Federation for American Immigration Reform’s (FAIR) new 2017 report. The costs are partially offset by taxes collected from illegal aliens, which total $19 billion. Taken together, the net cost of illegal immigrants to American
President Donald Trump is considering imposing sanctions on Venezuela by blocking the country’s oil from U.S. ports, Axios reports. Likewise, U.N. Ambassador Nikki Haley criticized the regime of Nicolas Maduro, and confirmed that oil sanctions “are not off the table.” This represents a marked escalation: last month President Trump advocated a more finely
Mocking left-wing cognitive dissonance is a favorite and lucrative pastime for many on America’s Right. It’s easy to do and the base loves it. The Left preaches against the evils of anthropogenic climate change, for example, but does so only from the comforts of private jets and exotic destinations. Outrageous, yet amusing. But
"Another Revelation of Strength," political cartoon, 1898. President Trump last month empowered U.S. Trade Representative Robert Lighthizer to investigate China’s theft of American intellectual property (IP), which costs America up to $500 billion annually. A new report from Axios, however, reveals that Trump’s aggressive action on IP theft may just be the beginning.