What do you get when you mix 17 parts defective welfare system, 23 parts broken justice system, and 2 parts racism? Answer: Mass incarceration of African Americans, millions of civil liberties violations, and the occasional riot.
I did not vote for Donald Trump yesterday. In fact, I refused to vote for any Republicans out of disgust for some of Trump’s statements and habits. But Trump might be an ugly realization of the market opportunity that I have been pointing out for over a decade. Let me explain. I first came across […]
The Democratic Party isn’t. The party bosses have fixed the 2016 primaries to ensure the nomination of Hillary Clinton, who combines the ethics of Richard Nixon with the charm and good looks of…Richard Nixon. Meanwhile, the Republicans are demonstrating why democracy is not always a good idea. Is Donald Trump a supervillain or does he […]
Imagine there was no income tax. It isn’t hard if you try… But doing more than imagining is hard. Very hard. As the next chapter in my Tax Reform series, demonstrates, the federal income tax has a depressing number of upsides. Replacing it is thus more difficult than frequently advertised. That said, replacing the income […]
The term “flat tax” generally conjures up images of the latest Republican giveaway to the super rich. But it doesn’t have to. Our current set of federal taxes is much flatter than most people realize. Throw in some gigantic loopholes and it’s downright regressive. (The benefits side, however, is arguably more progressive.) So, whether you are […]