When Less is More

While positional goods create inequality, a closer look reveals that the impact can be negative or positive.…

Do "Millionaires' Taxes" Work?

I’ve been wondering about the impact of France’s “millionaires tax.” At first a 75% tax on individual incomes above €1 million ($1.37 million), the proposal had to be tweaked w…

A Progressive Tax: Beer Economics

Artisanal beer makers are asking for a tax break. Because typical craft brewers produce fewer than 15,000 barrels a year, they already have a lower tax rate than the larger firms. Currently, US beer b…

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