Political Stupidity and Bureaucratic Bungling Created New York's Pot Legalization 'Disaster'
Three years after the state legalized recreational marijuana, unauthorized weed shops outnumber licensed dispensaries by 23 to 1.
Taxes
Biden's Proposed Corporate Tax Hike Will Punish the Average American
The president wants to raise the rate from 21 percent to 28 percent, despite it being well-established that this is the most economically-destructive method to raise government funds.
The White House Claims Borrowing $16 Trillion Over the Next Decade Is Fiscally Responsible
If you can't even get close to balancing the budget when unemployment is low, tax revenues are near record highs, and the economy is booming, when can you do it?
The State of the Union Is Shouty
Plus: A listener asks the editors a question about progressive taxation in the United States.
A Bipartisan Tax Hike Won't Fix This Deficit
The government needs to cut back on spending—and on the promises to special interests that fuel the spending.
The Economy Is Doing Way Better Than Many Believe
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
Congress Continues To Make the Tax Code Ridiculously Hard To Understand
I shouldn't have to spend so much money on an accountant every year. But I don't really have a choice.
A History of Taxpayer Revolts
Linda Upham-Bornstein's "Mr. Taxpayer versus Mr. Tax Spender" delivers an evenhanded view of American tax resistance movements.
On Taxes and Economic Freedom, Canadians Have It Worse Than Americans
Liberty to engage in voluntary transactions and keep our wealth varies across North America.
Expanding the Child Tax Credit Would Perpetuate Systemic Poverty
The policy is a true budget buster and is ineffective in the long term.
Shrinkflation Is Real—and It's Largely Biden's Fault
The president criticized companies for selling "smaller-than-usual products" whose "price stays the same." But it was his and his predecessor's spending policies that caused the underlying issue.
This 70-Year-Old Woman Might Lose Her $377,000 Home Over a Small Tax Debt
The Supreme Court supposedly put an end to “home equity theft” last year. But some state and local governments have found a loophole.
How Increasing Immigration Can Reduce the Deficit
And why the Congressional Budget Office does a poor job of making those estimates.
Millionaire Mars Missions
Plus: Republicans are trying to expand a tax deduction they once wanted to cap, a "shocking" and "stunning" January jobs report, and street blocking protestors in D.C.
Politicians Need To Stop Pretending the National Debt Is Sustainable
The reality raises questions about the kind of future we want to leave for the next generation.
Bipartisan Tax Credit Bonanza
Plus: California reparations bills drop, the Biden administration continues the war on gas stoves, and D.C.'s rising crime rate.
What Javier Milei Could Teach Democrats and Republicans About Capitalism
His speech in Davos challenged the growing worldwide trend of increased government involvement in economic affairs.
St. Louis Schools Lost $260 Million to Economic Development Subsidies
According to a report from Good Jobs First, St. Louis' public schools took the brunt of the loss at nearly 65 percent of the total.
20 Percent of Welfare Spending Goes to the Households Taxed To Fund It
It's not robbing Peter to pay Paul. It's more like robbing Peter to pay Peter.
Tax Us, Daddy?
Plus: Polycules go mainstream, DeSantis pulls out, tackle football lives on, and more...
DeSantis Wants To 'Eliminate the IRS' and Implement a Flat Tax
DeSantis says the new, single tax rate would mean "lower taxes for everyone" but that only demonstrates that he hasn't thought too deeply about how a flat tax would work.
3 Economic Myths That Need To Die
As we step into 2024, it's crucial to adopt a more informed perspective on these dubious claims.
Here's Why Charity Is Better at Solving Problems Than Government
Big government has been ruinous for millions of people. Charities aren't perfect, but they are much more efficient and effective.
'I Relied on Others,' 'Documents Were Filed in the Wrong Place,' and Other Memorable Excuses
The year's highlights in blame shifting.
Why a Huge Budget Deficit Might Be Good News for California
California is facing a projected deficit of $68 billion, a larger amount than the entire annual budget of the state of Florida.
Baseball Star Shohei Ohtani's New Contract Is a Massive Tax Avoidance Scheme. Nice!
He could save $98 million by dodging California's state income taxes with his unusual, eye-popping contract.
Hunter Biden's Multiplying Charges Exemplify a Profound Threat to Trial by Jury
Prosecutors have enormous power to coerce guilty pleas, which are the basis for nearly all convictions.
Struggling Artist
Plus: Digital AR-15s, actual AR-15s, politicians livestreaming sex acts, and more...
WHO Calls for Punitive Booze and Soda Taxes on the Anniversary of Prohibition Repeal
Nannies never fall out of love with failed authoritarianism and curbs on freedom of choice.
Gas Tax Revenues Decline as Cars Get More Efficient. How Will Government Pay for Roads?
Lawmakers should consider a user-fee system designed to charge drivers by the mile.
Ohio Republicans Drop Last-Minute Effort To Derail Voter-Approved Pot Legalization
As of today, adults 21 or older in the Buckeye State may possess up to 2.5 ounces of marijuana and grow up to six plants at home.
Yes, Heavy Regulation Hurts the Economy. Just Look at France.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
Americans Are Still Fleeing High-Tax States
Lower taxes create opportunities that draw even those not consciously considering tax rates.
Ohio Becomes the 24th State To Legalize Recreational Marijuana
Voters approved a ballot initiative that will allow possession, home cultivation, and commercial distribution—assuming that state legislators don't interfere.
In Colorado, Voters Could Undo Key Component of TABOR Law
The "Taxpayers Bill of Rights" requires that the state return excess revenue to taxpayers. A ballot question could change that.
Is a Land Value Tax the Solution to Detroit's Messed Up Property Tax System?
Detroit Mayor Mike Duggan argues that shifting taxes from homes to the land they sit on will encourage development and cut taxes for most homeowners. Local property tax activists aren't convinced.
Taking From IRS, Giving to Israel
Plus: Massive union wins, abortion rebrands, Silvio Berlusconi's nude-art collection, and more...
New Speaker Mike Johnson's First Good Idea: A Debt Commission
A debt commission won't solve any of the federal government's fiscal problems, but it's the first step towards taking them seriously.
You Can't Fix Him (the IRS)
Plus: Tanks in Gaza, quitting the DSA, Gen Z hates a sex scene, and more...
Democrats Say They're Fighting Inequality. But Many of Their Policies Favor the Rich.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Jim Jordan Is Trying To Buy the Speakership With Tax Breaks for Wealthy Residents of Blue States
It's a maneuver that makes little fiscal, philosophical, or political sense, but thankfully it also seems unlikely to work.
Are Gavin Newsom's Presidential Aspirations Limiting His Progressive Instincts?
He insists that he's not running for president, but his vetoes of the fringiest measures suggest otherwise.
California Is Taxing Itself to Death
Since departees tend to be high earners, their absence threatens to wreck the state's swollen budget.
Americans Learned a Lesson About Interest Rates. Washington Has Not.
Higher rates lead to more debt, and more debt begets higher rates, and on and on. Get the picture?
IRS Targeting More Supposedly 'High-Income' Americans Than Advertised
Don’t count on that promise to not hike taxes on “people making less than $400,000.”
'Bidenomics' Is Failing Everyday Americans
The big spending has fueled higher inflation, resulted in larger-than-projected deficits, and contributed to a record level of debt.
