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Is there such a thing as a good tax? Some would claim that all taxes are bad, and that government should strive to make taxes as low as possible. Other believe that any tax is good provided that it is paid by wealthy individuals and large businesses. Both points of view are incorrect.

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Despite energetic protestations, the prime objective of an American politician is to get re-elected. Currently, both parties are trying to solve the problem of winning the vote by taking steps that will surely lead to serious future problems. Republicans believe that they can win if laws can…

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It’s tempting these days to believe that once COVID-19 is contained, the U.S. economy will bounce back quickly, replenishing jobs and incomes lost in the pandemic. Yet there is an early warning sign that high-demand jobs may be hard to fill when the labor market fully reopens, even with mill…

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