Economics

The Myth That the Rich Don’t Pay Their ‘Fair Share’ of Taxes 0
- Economics
- December 27, 2019
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 tripled) down on an “old reliable” claim of the left that “the rich” don’t pay their “fair share” of taxes. But that excuse to tax
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Why Marx Was Against Individual Rights 0
- Economics
- December 27, 2019
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How We Can Do Good By Doing Well 0
- Economics
- December 23, 2019
Among economists’ insights over the last almost 250 years, one of the keenest is that one can do good while doing well. The idea traces to Adam Smith. It means capitalists’/entrepreneurs’ pursuit of profit can have favorable consequences for the community at large – and not just for capitalists and entrepreneurs. It applies equally to landowners and
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Huge Baseball Contracts Come With Record Breaking Taxes 0
- Economics
- December 13, 2019
In the past week, several record-breaking contracts were signed by Major League Baseball players. Stephen Strasburg, the 2019 World Series MVP, was first, re-signing with the Washington Nationals on a seven-year, $245 million deal. That was a record for the largest contract ever for a pitcher, both in terms of total value and in annual average
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When Communists Abolished the Weekend 0
- Economics
- December 9, 2019
Anti-capitalists on both left and right tell us that “capitalism” is destroying the weekend. The conservatives insist we need laws to punish people who try to sell things on Sunday. Leftists insist “unbridled capitalism” is destroying the weekend, which “lets us cultivate the seeds of civil society…” But it’s not capitalism that’s doing this dirty work. The decline of
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Transferism, Not Socialism, Is the Drug Americans Are Hooked On 0
- Economics
- December 6, 2019
The United States has never had a meaningful socialist tradition or even a semi-serious socialist party. Socialism in the United States is a fringe movement at best and always has been. This makes the sudden acceptability of socialism all the more surprising. But with one avowed socialist, Bernie Sanders, campaigning for the presidency for a
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