Arguing for a Wealth Tax, Liberals’ Math Fails To Add Up
By driving high earners out permanently, the most likely ‘net present value’ of California’s proposed wealth tax is negative $24.7 billion.
By VERONIQUE de RUGY
||Opinion (Columnists)
VERONIQUE de RUGY
Washington, D.C.
Veronique de Rugy is a columnist for The New York Sun.
Veronique de Rugy is the George Gibbs Chair in Political Economy and a senior research fellow at the Mercatus Center at George Mason University.
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Democrats’ Calls To Tax the Rich Overlook Urgent Need To Tame Reckless Government Overspending
There’s a hard empirical ceiling on how much revenue the government can actually extract, regardless of what tax rates it sets.
By VERONIQUE de RUGY
||Opinion (Columnists)
Tax Reform Is the Prescription for the Soaring Cost of Health Care
The core structural problem is that the person receiving care is almost never the person actually paying for it.
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Four Fallacies Behind Trump’s Post-SCOTUS-Ruling Tariffs
The trade war isn’t ending. It’s just changing ZIP codes.
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Federal Budget Watchdog’s Warning on Debt Tees Up a Choice Between Reform and Disorder
The cost of paying the interest on federal borrowing is now the central story, and it’s a grim one.
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Social Security’s Looming Bankruptcy Could Compel Congress To Touch the ‘Third Rail’ of Politics
When federal trust funds for major entitlement programs run out in the early 2030s, benefits would by law have to be slashed.
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Political Irresponsibility Animates New Wealth Tax Proposals
Avoiding hard fiscal decisions by squeezing a narrow group harder.
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Government Subsidies Fail To Make Georgia the ‘Hollywood of the South’
In the latest disaster for industrial policy, auditors estimate that the Peach State loses 80 cents for every dollar in outlays.
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Meet the Depublicans: Economic Populists on the Right Are Emerging as Democrats in Republican Clothing
For many critics in the MAGA movement, respecting the realities of supply and demand instead of endorsing price controls is a character flaw.
By VERONIQUE de RUGY
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Is America’s Middle Class ‘Shrinking’ or ‘Struggling’? The Difference Matters
Claims of a ‘hollowed-out’ center are difficult to square with data showing an overwhelmingly upward directional movement.
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Fraud Concerns Raised in Minnesota Welfare Scandal Go Beyond the North Star State
The outrage is justified because Americans are getting a look at what happens when pushing public money out the door matters more than verifying the eligibility of the recipients.
By VERONIQUE de RUGY
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Beware of Moral Posturing by the Wealthiest Americans, Like Mitt Romney, Offering To Pay More in Taxes
If the rich genuinely believe they should contribute more, they are free to do so today. The Treasury accepts voluntary payments.
By VERONIQUE de RUGY
||Opinion (Columnists)