The fact that an elected official could believe the U.S. had anywhere near the highest poverty rate in the world tells us a lot about the progressive mindset.
An economics professor offers a counterargument to the marginal-utility case for progressive taxation.
In recent years, growth-oriented policies have reduced inequality.
Denmark redistributes a lot of income, which reduces inequality. But this seems to have little impact on important measures of social mobility.
To be eligible for the privately funded program, applicants must have at least one child under 18 and income at or below 50 percent of the area median income.
On the menu today: tax and inequality, Prince Harry’s new job, Pfizer’s new drug, the EU and China, and centuries of declining interest rates.
With his passing, there’s a greater gap in the debate between equal opportunity versus equal outcomes as the pathway to black prosperity.
On the menu today: reevaluating the labor share of income, COVID-19 vaccine approval in the U.K., Chinese investments in U.S. tech, and Walter Williams, R.I.P.
What the Electoral College says about the U.S. economy.