Tax holidays don’t increase buying but merely concentrate it around specific dates. They’re regressive. They’re more political than useful: in Florida, the Legislature turned down Gov. Scott’s request for 10 days.
inequality
There’s No Good Reason for Your Boss to Make 347 Times What You Do
It’s business executives through outsized CEO pay — not movie stars, professional athletes, or heiresses — who grabbed the dollars that once flowed to the American worker.
Trump On Your Side? Repealing Obamacare Is a Tax Break For Rich at Poors’ Expense
If Obama’s health law is reversed, taxes will go down for the rich and up for the poor, while millions lose coverage. It is redistribution for the wealthy.
The American Dream, Canada-Bound
Our country has historically prided itself on being a socially mobile society, where your ability is more important than the race or class you’re born into. Not anymore. If you forgot to be born into a wealthy family, you’re better off today living in Canada or Northern Europe.
Give Tax and Spend a Chance
The astonishing momentum of Bernie Sanders’s presidential candidacy reveals that millions of taxpayers are willing to entertain the idea that some of us aren’t taxed enough, and that it’s hurting the rest of us, argues Isaiah J. Poole.
Hillary Clinton’s $675,000 Paean to Marie Antoinette, and Goldman Sachs
Hillary Clinton’s instinct for secrecy keeps getting her in trouble, while the sense of entitlement that she projects through her tone-deaf explanations betrays a lack of connection with the very people she claims to represent most.
Inequality in the Age of Uber
For fairness as well as for efficiency reasons, rights and benefits should be attached to individuals, not to companies or employment status, and should be fully portable across sectors and jobs.
Why You’re Getting Poorer: iPhones Aren’t The Economic Engine Cars and Electricity Were
Robert Gordon argues rising standards of living brought by cars, indoor plumbing and electricity can;t be replaced by iPhones and the internet. Martin Feldstein disagrees.
Millionaires Make Up Nearly One-Third Of the Florida Legislature, More in Senate
Almost half of the Florida Senate is in the millionaires club, and more than two dozen senators saw their net worths grow in the past year.
Rick Gets Richer: Governor’s Net Worth Climbs $14 Million in 2014, Padded By Blind Trust
Scott, who reportedly spent $13 million last year on his re-election, stated he generated $9.8 million last year from his blind trusts. Unlike last year, however, Scott did not disclose the assets of the blind trust in the most recent report.