Economics

One Reason Teachers Should Be Paid More 0
- Economics
- May 1, 2019
Should teachers be paid more? “Absolutely!” many teachers would say. The exact opposite response often comes from the general public. Many take one look at The Nation’s Report Card, see that only one third of 12th graders are proficient in reading and one quarter proficient in math, and immediately conclude that such results are a poor
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A Legal Immigrant’s Lament 0
- Economics
- April 22, 2019
In the late 1940s, my father, Kenneth Billingsley, a veteran of World War II, was working in a mine in the northern reaches of Manitoba. So through no fault of my own, I was born a long way north of the border. Despite childhood stints in Alliance, Ohio, and Detroit, Michigan, when I sought to
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Bernie’s Example to America: Pull Yourself up by Your Bootstraps!0
- Economics
- April 18, 2019
On Monday, Bernie Sanders released ten years of tax returns, and it turns out he and his wife are millionaires. Thanks especially to revenues from book royalties, Sanders is now, as CNN put it, “in the category of the super-rich.” Or, as some might say, he’s part of “the 1%.” After years of denouncing “millionaires
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Economies Do Better Under Democracy 0
- Economics
- April 17, 2019
The tremendous economic growth of China over the last three decades has reinforced the perception that authoritarian countries can spur economic growth just as efficiently as democracies. China isn’t the only example of this. The autocratic governments of Pinochet’s Chile or Lee Kuan Yew’s Singapore seem to confirm the idea that long-term economic growth are
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Five Facts About Tax Day and Income Taxes 0
- Economics
- April 15, 2019
Today is Tax Day, the day when individual income tax returns are due to the federal government. Here are five facts you should know about income taxes and Tax Day: 1. The first national income tax in the United States was in 1861 soon after the outbreak of the Civil War. Congress approved a national income tax,
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Income Is Determined by the Scarcity of Your Contribution, Not the Value of Human Worth 0
- Economics
- April 12, 2019
In a few months’ time, my wife and I will send our second child to daycare. Like all parents, nothing is more precious to us than our children. So it’s surprising that the people whom parents trust to take care of their kids—childcare workers and preschool teachers—get paid median salaries of just $22,290 and $28,990
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