Economy Dec 26

What we get wrong about taxes and the American Revolution

"No taxation without representation" — the rallying cry of the American Revolution — gives the impression that taxation was the principal irritant between Britain and its American colonies. But, in fact, taxes in the colonies were much lower than taxes…

Economy Mar 18

We’re talking about inequality all wrong

The right measure is not how much wealth or income people have or receive, but their spending power after the government has levied taxes on those resources and supplemented those resources with welfare and other benefits.