A good tax system (like the flat tax) does not impose extra layers of tax on income that is saved and invested. I’ve tried to emphasize this point with a flowchart, and I’ve defended so-called trickle-down economics, which is nothing more than the common-sense notion that investment boosts wages for workers by making them more […]

Last year, I did a popular post on what happens if you redistribute grades in a classroom. Someone has turned this idea into a video, starring some well-known political figures. And if you want to see a real-world example of how students react to this idea, here’s another good video. By the way, I can’t […]

The new unemployment numbers have been released and the White House must be somewhat happy. The joblessness rate is down to 8.2 percent, which means the number that gets the most publicity continues to move in the right direction. I’ve been predicting that Obama will win reelection if the unemployment rate falls to 8.0 percent […]

Last year, I expressed skepticism that the White House was serious about reducing the corporate tax rate. And, sure enough, when the Obama Administration produced a plan earlier this year, it was a disappointing mix of a few good provisions and several unpalatable proposals. This is unfortunate because the United States has one of the […]

In a recent post comparing Reaganomics and Obamanomics, I explained why I think Barack Obama’s policies have been hurting the economy. In today’s New York Post, I do a full-scale indictment. Here are my bullet points. * The unemployment rate is still above 8 percent, even though the White House promised it would drop to […]