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Biden’s Plan To “Tax The Rich” Will Cost The Middle Class

Biden’s Plan To “Tax The Rich” Will Cost The Middle Class

by Randall Holcombe Many readers will be aware that President Biden has proposed new taxes on the rich to help fund his expenditure plans. As this article explains, a big part of his tax proposal is to tax the unrealized capital gains of people who have assets exceeding $1 billion, which is about 700 people. Despite […]

Raise Congressional Pay — And Tax The Rich

Raise Congressional Pay — And Tax The Rich

  by Thomas L. Knapp “Young investors have a new strategy,” National Public Radio’s Tim Mak reported on September 21:  “Watching financial disclosures of sitting members of Congress for stock tips.” Under the Stock Act, members of Congress must disclose their own stock trades, and those of their spouses, within 45 days. One member of […]

AOC: Closet Capitalist

AOC: Closet Capitalist

T. Becket Adams Democratic Rep. Alexandria Ocasio-Cortez of New York may play the role of the young, clear-eyed socialist. The scourge of capitalists everywhere. But when it comes to grabbing that cash with both hands and making a stash, she is as shrewd and conniving as the most unscrupulous oil baron. The congresswoman caused a […]

When did Robin Hood replace Uncle Sam as our national icon?

When did Robin Hood replace Uncle Sam as our national icon?

By Phil Erwin My title refers to an analogous reference to the penchant of Democrats in general, and our current President in particular, to think that Robin Hood’s semi-mythical approach to solving economic problems – that is, robbing from the rich to give to the poor (a process now re-branded by Democrats as “wealth redistribution,” […]