The U.S. Credit Rating Just Dropped. It's Time for Radical Budget Reform.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.
Wealth
Killing the SAT To Help Underprivileged Students Actually Benefits Rich Kids
It's time to retire the idea that getting rid of standardized tests increases equality.
Affirmative Action Is Racist and Therefore Wrong
If activists want to help young people, they should start before college.
Massachusetts' Wealth Tax Encouraged NBA's Grant Williams To Sign With Dallas
Grant Williams breaks down the math: "$54 million in Dallas is really like $58 million in Boston."
This Election Season, Beware of These False Promises
Many politicians offer a simplified view of the world—one in which government interventions are all benefits and no costs. That couldn't be further from the truth.
'I Owe Freedom My Life': Jimmy Lai Is Imprisoned for Criticizing the Chinese Government
Lai's media company covered the Communist government's abuses when other Hong Kong media wouldn't.
Fearmongering Won't Solve Climate Change
Global warming is an issue. But there are other pressing problems that deserve the world's attention.
SCOTUS Case Could Quash Democrats' Wealth Tax Plans
Plus: Why people believe doomer narratives, schools seek to define social media platforms as public nuisances, and more...
Social Security and Medicare Are Ticking Time Bombs
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
Marc Andreessen on A.I., Bitcoin, and Billionaires
Is the A.I. breakthrough for real this time?
Taxing the Rich Will Have No Meaningful Effect on Our Sky-High National Debt
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.
Review: Poker Face Puts a Modern Spin on Old-School Detective Shows
Knives Out director Rian Johnson offers a twisted vision of the American economy as one populated by makers and moochers.
This SEC Rule Makes It Harder To Invest—Unless You're Already Rich
Stop limiting entrepreneurs’ ability to get funding from those they know best.
The Push To Eliminate Fossil Fuels Is Hurting Poor People
"When we look at solar and wind around the world, it always correlates to rising prices and declining reliability."
Republicans' and Democrats' Refusal To Reform Social Security and Medicare Is Political Malpractice
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
Review: The Menu Is Another Movie Mocking Wealthy People
In this film, it's mean and funny enough to work.
The Morally Funky Math of Homeowner Handouts
The rich are getting richer under the Inflation Reduction Act.
Review: The White Lotus Explores the Misery of Wealth
The HBO series features what Ayn Rand would call "second-handers."
Review: The Clumsy Anti-Muskism of Glass Onion
Hating tech billionaires is The Current Thing.
Meet the Students Pushing Back Against Socialism
"It's very easy for politicians to legislate freedom away," says Northwood University's Kristin Tokarev. "But it's incredibly hard to get back."
PredictIt Helps Forecast Election Results. Bureaucrats Are Trying To Kill It.
Election betting markets are often more reliable than pundits. Did the site steal user funds? No. Did they lie to people? No. Harm anyone? No.
Democrats Say They Support Green Energy. Why Do Their Policies Say Otherwise?
If you look closely, you'll find a lot of contradictions.
Social Security Is on the Brink of Collapse. The GOP Won't Touch It.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
No, the World Is Not Heading Toward 'Mass Extinction'
Despite an apocalyptic media narrative, the modern era has brought much longer lives and the greatest decline in poverty ever.
To Win the Speakership, Kevin McCarthy Had To Promise To Cut Spending. Good.
While some Republicans may have had misguided motivations, a few disrupted McCarthy's campaign in order to enact fiscal restraint. Their colleagues were fine with business as usual.
In 2022, the IRS Went After the Very Poorest Taxpayers
Despite $80 billion in new funding, the agency is living up to its reputation of hassling low-income taxpayers over rich people.
Congress and the Federal Reserve Could Be Setting Us Up for Economic Disaster
If lawmakers keep spending like they are, and if the Fed backs down from taming inflation, then the government may create a perfect storm.
A Lame-Duck Congress Should Reject the Extended Child Tax Credit
The policy has some bipartisan support, despite the fact that it has mostly been a failure since its inception.
The Pilgrims Dreamed of Socialism. Then Socialism Almost Killed Them.
Private property was the solution to their failed experiment. But people keep repeating the Pilgrims' mistakes.
Markets Aren't Perfect, but Government Is Worse
The free market allows people to cooperate, fix errors, and adapt to changing circumstances.
Most Americans Say Immigrants Make the U.S. Better. So Why Don't Politicians Do Anything About It?
Democrats pander to immigrants but do little to liberalize the system. Meanwhile, Republicans' hostility to immigrants has increased.
Supersizing the IRS Will Hurt the Working Rich, Not Fat-Cat Tax Evaders
And it also won't help us recover from the recession we're definitely not in.
Biden's Billionaire Tax Wouldn't Just Hurt Billionaires
Wealth isn't held the way many believe it is.
Elizabeth Warren's Wealth Tax Would Hurt More Than Just the 'Tippy Top'
Wealth tax proponents claim only super rich people would be affected. But to raise the revenue Warren, Sanders, and Biden want, they'd have to tax the "working rich"—doctors, lawyers, and other hardworking high earners.
Bernie Sanders Is Wrong About the American 'Oligarchs'
"Multi-billionaires like Elon Musk, Jeff Bezos, Richard Branson are off taking joyrides on their rocket ships to outer space. They are buying $500 million superyachts."
The Time the Federal Government Built a Flawed Housing Project and Tore It Down 20 Years Later
The government has learned nothing about affordable housing in the 50 years since Pruitt-Igoe came toppling down.
Succession
The show eschews simplistic political commentary, choosing instead to spoof America's self-obsessed, self-dealing elites.
When We Reject Immigrants, We Reject Trillions of Dollars in Wealth
Growing evidence confirms that barriers to immigration make us all worse off.
China's Big Tech Crackdown Shouldn't Be Cheered by Antitrust Fans in the West
An onslaught of antitrust and data-security crackdowns have threatened the country's biggest ride-sharing platforms, cryptocurrency exchanges, and messaging services.
AOC Says Amazon Abuses Market Power, Ignores Fact That Customers Shop at Amazon Because They Want To
After returning from space yesterday, Jeff Bezos thanked Amazon customers who made his fortune possible.
Bezos Launching Into Space Will Probably Make Your Life Better Too
May our new space billionaires produce spinoff technologies for the rest of us to enjoy in due time!
Biden's New Death Tax Hits the Middle Class While Excluding Certain Wealthy Investors
The American Families Plan hits individuals with identical net worths very differently.
The Global Middle Class Has Tripled in Size Since 2000
And the global upper-middle class doubled.
ProPublica's Bombshell Tax Report That Wasn't
The new report doesn't reveal anything we didn't already know.
Americans Reject Far-Left Rhetoric About the Rich, Have Positive Views of Tech CEOs
Plus: Kentucky adopts school choice program, the vaccine passport debate heats up, and more...
Washington State Might Tax 4 People Billions of Dollars. What If They Leave?
A proposed wealth tax would collect 97 percent of its revenue from famous billionaires.