by Patricia Cohen. When it comes to the taxes closest to home, the less you earn, the harder you’re hit. That is the conclusion of an analysis by the Institute on Taxation and Economic Policy
that evaluates the local tax burden in every state, from Washington,
labeled the most regressive, to Delaware, ranked as the fairest of them
all. According
to the ... MORE
Showing posts with label poverty. Show all posts
Showing posts with label poverty. Show all posts
Study Finds Local Taxes Hit Lower Wage Earners Harder
by Patricia Cohen. When it comes to the taxes closest to home, the less you earn, the harder you’re hit. That is the conclusion of an analysis by the Institute on Taxation and Economic Policy
that evaluates the local tax burden in every state, from Washington,
labeled the most regressive, to Delaware, ranked as the fairest of them
all. According
to the ... MOREThe Christmas Hope: A To-Do List for a Better World
by John W. Whitehead. As a child, my Christmas wish list came right out of the Sears and Roebuck catalogue—toys, board games, bikes, action figures, etc. My parents, like so many in their day, belonged to the working-class poor, so while I never lacked for the necessities of life, many of the items on my wish list never came to be. Even so, ... MOREJohn Stossel: Government Vs. Giving
Step aside Uncle Sam. It's the season for giving. That doesn't mean it's the season for government. Government creates loyalty in the minds of citizens by pretending to be Santa Claus, doling out gifts and favors. Politicians claim they help those unfortunates who aren't helped by coldhearted capitalism. The truth is, government gets in the ... MORE65% of Children Live in Federally Aided Households
by Terence P Jeffrey. The Census Bureau reported in a study released this week that 65 percent of American children lived in households taking aid from one or more federal program as of the fall of 2011. "Almost two-thirds (65 percent) of children," said the Census Bureau, "lived in households that participated in at least one or more of the ... MORE
John Stossel - Good Intentions, Incentives And Poverty
The great conceit of central planners. Fifty years ago, President Lyndon Johnson declared "War on Poverty." It sounded great to me. I was taught at Princeton, "We're a rich country. All we have to do is tax the rich, and then use that money to create programs that will lift the poor out of poverty." Government created job-training programs for ... MOREThe War On Poverty: 50 Years Of Failure
by Robert Rector. This year marks the 50th anniversary of President Lyndon Johnson’s launch of the War on Poverty. In January 1964, Johnson declared “unconditional war on poverty in America.” Since then, the taxpayers have spent $22 trillion on Johnson’s war. Adjusted for inflation, that’s three times the cost of all military wars since the ... MOREWalter E Williams: Blacks Must Confront Reality
Slavery isn't the real problem. Though racial discrimination exists, it is nowhere near the barrier it once was. The relevant question is: How much of what we see today can be explained by racial discrimination? This is an important question because if we conclude that racial discrimination is the major cause of black problems when it isn't, then ... MORE
The War On Poverty And The War On Drugs
by Randall Holcombe. Fighting the big government fight. As an apparently war-minded people, Americans (or at least, our American political leaders) have been comfortable framing parts of the domestic policy agenda as wars for decades. Two of the most prominent have been the War on Poverty and the War on Drugs. Despite the ... MOREHow Government Forces the Poor Into Black Markets
by Peter St. Onge. From the left we often see tension between those who want to help the poor, and those who want to help the government. One recent example of this is the proposal to ban cash forwarded by Harvard’s Ken Rogoff. The gist of Rogoff’s beef with cash is that cash fuels the black market,
and it makes it harder for the ... MOREThe Data Is Clear: Free Markets Reduce Poverty
by D.W. MacKenzie. Some Catholic clergy have, once again, denounced supporters of laissez-faire capitalism.
Cardinal Oscar Rodriguez Maradiaga claims that the free market economy
is “a new idol” which creates inequality, excludes the poor, and that
“this economy
kills.” Cardinal Maradiaga does not speak alone. He quoted Pope ... MOREPeter Schiff: Debt Is No Salvation
Credit is destroying what savings built. Thus far 2014 has been a fertile year for really stupid economic
ideas. But of all the half-baked doozies that have come down the pike
(the perils of “lowflation,” Thomas Piketty’s claims about capitalism
creating poverty, and President Obama’s “pay as you earn” solution to
student debt), an idea hatched ... MOREJohn Stossel: Popular Nonsense
Repeat a lie often enough and it will be believed. "Young people are exploited!" "Income mobility is down!" "Poor people are locked into poverty!" Those are samples of popular nonsense peddled today. Leftist economist Thomas Piketty's book "Capital in the Twenty-First Century" has been No. 1 on best-seller lists for weeks (with 400 ... MOREThomas Sowell: Poverty And Snow Storms
The exit route is obscured. Many years ago, in upstate New York, there was a lady who was caught
in a fierce snow storm that produced conditions called a "whiteout."
That's when the snow is falling so thick and fast that all you can see
in any direction is just sheer white. This lady wandered around in the
storm, struggling to try to get home, ... MORE
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