Downsizing Blog
Deval Patrick: Tax and Spending Record as Governor
Deval Patrick announced that he is entering the 2020 race for the White House.
Jones Act and National Security
The Jones Act has been a blight upon the United States for nearly 100 years. That the law survives despite its well-documented costs can in large part be ascribed to frequently-made claims it is vital to U.S. national security.
Such claims should be greeted with a skeptical eye.
Rich Earn Wealth Slashing Prices for Poor
The Albrecht family of Germany is one of the richest in the world. They earned their wealth from innovations in price-slashing for European grocery shoppers.
Is Amtrak Guilty of Securities Fraud?
A press release issued by Amtrak last week would, if it were published by publicly traded firm, be a violation of securities laws and regulations
Wealth Tax Revenues
Presidential candidates Bernie Sanders and Elizabeth Warren have each proposed an annual wealth tax on the richest Americans.
Streetcar Named Quagmire
In a recent study, I explored how federal subsidies induce state and local governments to spend on wasteful projects. Case in point: a new “streetcar named quagmire” in St. Louis.
Government Assets Fall Apart
A recent New York Times article described the wretched management of New York City’s public housing.
U.S. Poverty Has Plunged
The government says that America’s poverty rate is 11.8 percent. It also says that the poverty rate has hovered around 11 to 15 percent since 1970 suggesting little or no progress against poverty in decades.
Welfare State Causes Wealth Inequality — Euro Experience
Democrats running for president are condemning wealth inequality while calling for an increase in social spending.
Aldi’s Owners Gained Riches by Cutting Prices
Elizabeth Warren and Bernie Sanders continued to bash wealth in the Democratic presidential debate Tuesday night.