Who Pays the Tariff – How Voter Ignorance Impacts Public Policy

Who pays the tariff? To anyone who has been following the news in the past day, this question has suddenly taken on outsized importance. With the US Government firing the opening salvos in a global trade war, we have seen in just one day: The US stock market fall 5% International stock markets fall 2% … Continue reading Who Pays the Tariff – How Voter Ignorance Impacts Public Policy →

The Best Way to Break Up Mega-Corporations: Progressive Taxes

Individual income taxes are very progressive: If you make $50,000/year, you pay 16% in taxes If you make $100,000/year, you pay 22% in taxes If you make $500,000/year, you pay 32% in taxes In contrast, business taxes are completely flat. The federal corporate income tax rate is a flat 21%. Which means that: A small … Continue reading The Best Way to Break Up Mega-Corporations: Progressive Taxes →