Chris Edwards
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.
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.
Higher Incomes, Higher Tax Rates
An article in the New York Times the other day was titled “The Rich Really Do Pay Lower Taxes Than You,” and one in Bloomberg was subtitled “The Wealthiest 400 Americans Have the Lowest Rates.” It is not true.
Soak‐the‐Rich Taxes Would Morph into Middle‐Class Flood
In the New York Times, David Leonhardt cheerleads for a new plan by left-wing economists Emmanuel Saez and Gabriel Zucman to raise taxes on the rich by $750 billion a year.
Virginia Is for Corruption
A recent corruption story in rural Virginia is rather stunning. The state is usually thought to have relatively clean government, but a Washington Post investigation by Antonio Olivo reveals something far different.