Category: Economics

Billionaires

Those Dastardly Billionaires, or Something

“Evil rich” and it’s slightly more polite colloquial cousin “greedy rich” are very old – and occasionally true – stereotypes, and will never go away. But we should not accept them on face value, and we certainly should not be making wide-ranging and binding policy based off it.

taxes

The Case Against the Charitable Deduction

Instead of raising tax rates on high-income earners, a smarter way for progressives to raise taxes on higher-income earners would be to eliminate itemized deductions: tax breaks that allow primarily upper-middle and upper-income earners to write off various expenses.