Mark Cuban on Pharmacy Prices, Health Care, and 'Good' Billionaires
"If you were an asshole when you were poor, you're going to be a bigger asshole when you're wealthy," the Shark Tank personality tells Reason.
Wealth
Countries With Economic Freedom Are Far Better Off
Even the poorest citizens of free countries fare better than the middle classes in economically repressive nations.
Reform Social Security for Those Who Need It Most
As it stands, the program effectively redistributes money from younger and poorer people to richer people.
Many Native Americans Struggle With Poverty. Easing Energy Regulations Could Help.
A significant percentage of Native Americans don't even have electricity—thanks in part to reservations being subject to overwhelming bureaucracy.
Robert Reich Is Wrong About Billionaires—and Almost Everything Else
His ideas would leave us poorer and less free.
Trump and Biden Agree: Just Call Debt 'Wealth' Instead!
Both party leaders are selling the idea of a sovereign wealth fund, but it’s more political fantasy than fiscal fix.
Kamala Harris Pledges To Soak the Rich—But Her Policies Have Showered Them In Cash
Corporate subsidies and regressive tax breaks show who really benefits from Harris' agenda.
California To Bend Last-Call Law for Elite Clippers Fans
If you want to drink alcohol in California after 2 a.m., it helps to be the billionaire owner of the L.A. Clippers.
How Does the Democratic Party Actually Feel About Billionaires?
Sen. Bernie Sanders calls them "oligarchs," while Gov. J.B. Pritzker gets cheers when touting his own billionaire status.
'The Problem Is Spending': Libertarian Presidential Nominee Chase Oliver's Vision for the Future
The candidate supports gun rights, wants to privatize government programs, and would radically reduce the number of federal employees.
Here's How To Pay for Trump's Tax Cuts
There seems to be general bipartisan agreement on keeping a majority of the cuts, which are set to expire. They can be financed by cleaning out the tax code of unfair breaks.
Supreme Court Left the Door Open for a Wealth Tax. But It's Still a Terrible Idea.
Wealth taxes discourage investment, shrink wages, and don’t generate much revenue.
America Is in a Debt Crisis. Will Trump or Biden Address It at the Debate?
The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.
The National Debt Is Now So High That Every American Essentially Owes $100,000
We could grow our way out of our debt burden if politicians would limit spending increases to just below America's average yearly economic growth. But they won't even do that.
The GOP Once Claimed To Be the Party of 'Fiscal Responsibility.' So Why Not Reform Social Security?
Reasonable options include gradually raising the minimum retirement age, adjusting benefits to reflect longer life expectancies, and implementing fair means-testing to ensure benefits flow where they're actually needed.
This Tax Week, Remember That the Federal Income Tax Is Relatively New
There are many pervasive myths about the U.S. tax code. Here are a few.
The Real Tax Gap
Wealthier Americans pay a record share of federal taxes, but voters (and President Joe Biden) believe they're freeloading.
Politicians Are Showering Manufacturing Companies With Crony Subsidies for 'Job Creation.' It Won't Work.
These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
Trump and Biden Both Get Globalization Wrong
Free trade brings us more stuff at lower prices.
Opposition to U.S. Steel Sale Shows How Similar Biden and Trump Are on Trade
Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.
Review: Is Saltburn an Eat-the-Rich Comedy? Not Quite.
Critics are misreading the movie. The wealthy are not the villains in this story.
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.
Bureaucrats Are Moving To Cap Bank Overdraft Fees, Which Will Hurt the People It's Meant To Help
Many who see overdraft protection as preferable to other short-term credit options will have fewer choices as some banks decide the service isn't worth offering anymore.
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.
The Bankruptcy of Nostalgianomics
Americans are wealthier today than in the 1960s. That's not because of Bidenomics; it's because of six decades of progress.
Argentina, Once One of the Richest Countries, Is Now One of the Poorest. Javier Milei Could Help Fix That.
The new libertarian president believes in free markets and the rule of law. When people have those things, prosperity happens.
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.
Princeton's Matthew Desmond Gets Everything Wrong About Poverty's Root Causes
Desmond's analysis never goes deeper than his facile assertion that "poverty persists because some wish and will it to."
The World Could Soon Have Its First Trillionaire. Good!
A new report brings remarkable economic illiteracy to its focus on poverty and inequality.
Magatte Wade: The Real Reasons Why Africa Is Poor and Why It Matters
The author discusses how cryptocurrencies are helping people like her build the Africa—and the world—they want.
The Real Reasons Africa Is Poor—and Why It Matters
Author Magatte Wade discusses how cryptocurrencies are helping people like her build the Africa—and the world—they want.
The Feds Shouldn't Subsidize Fancy, Risky Beach Houses
Government is "promoting bad behavior," says Sen. Rand Paul. He's right.
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.
The Media's Misleading Fearmongering Over Climate Change
"Over the last 20 years, because of temperature rises, we have seen about 116,000 more people die from heat. But 283,000 fewer people die from cold."
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.
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?
Spending Recklessly in Good Times Is a Recipe for Disaster in Bad Times
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
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.
The Real Scandal in Washington Is the Government's Reckless Spending
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
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.”
Despite the Doomsday Narrative, Global Inequality Has Significantly Declined
This progress has been widely shared, to the great benefit of the people at the bottom of the distribution.
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.
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."
