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  • Not All Candy Is Candy… for Tax Purposes Anyways

    Not All Candy Is Candy… for Tax Purposes Anyways0

    Halloween shoppers have many delicious decisions to make before trick-or-treaters show up at their doors. And in many states, those choices will change how much tax they pay. In Illinois, for example, locals pay a higher state sales tax rate – 6.25 percent versus one percent – on Reese’s, gummi worms and Hershey’s milk chocolate bars

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  • Three Women in the History of Economic Thought

    Three Women in the History of Economic Thought0

    In a letter to his rival Robert Hooke, Sir Isaac Newton wrote his memorable remark: “If I have seen further, it is by standing on the shoulders of Giants.” Shedding light on the accumulative nature of scientific progress, Newton knew his ability to formulate the laws of motion and universal gravitation depended on the discoveries made by those

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  • State Capitalism is a Lie: China is Thriving Because of the Private Sector

    State Capitalism is a Lie: China is Thriving Because of the Private Sector0

    A working paper from the World Economic Forum released earlier this year stated: China’s private sector — which has been revving up since the global financial crisis — is now serving as the main driver of China’s economic growth. The combination of numbers 60/70/80/90 are frequently used to describe the private sector’s contribution to the

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  • New York City: The Front Line of Minimum Wage Misery

    New York City: The Front Line of Minimum Wage Misery0

    Surprise, surprise: minimum wage hikes are bringing unintended consequences to the Big Apple. They’re especially pronounced on the Upper West Side, where a neighborhood staple recently shuttered its doors due to the city’s $15-an-hour minimum wage. At the end of September, Gabriela’s Restaurant and Tequila Bar officially closed after 25 years in business, citing sky-high labor

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  • Why a ‘Billionaire’ Wealth Tax Would Hurt the Working Poor and the Middle Class

    Why a ‘Billionaire’ Wealth Tax Would Hurt the Working Poor and the Middle Class0

    Vermont Senator Bernie Sanders wants to tax billionaires out of existence, or at least make them an endangered species. His proposed wealth tax of up to eight percent per year would mean “the wealth of billionaires would be cut in half over 15 years,” he says. The progressive tax would start at one percent on

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  • Climate Protest Goes Sadly Awry

    Climate Protest Goes Sadly Awry0

    It takes skill to be a professional activist. You have to be creative. Impactful. Memorable.   Professional activists must constantly think of new and interesting ways to stick it to man in order to create public awareness about the problems they care about most. Strangely enough, this often means throwing staining substances on people.  One example of this is PETA flour bombing on celebrities who wear fur. Another

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