The Gasoline Taxes That Are Hit by Covid-19

Rarely mentioned, the revenue generated by gasoline taxes in the U.S. and Europe has been affected by the coronavirus pandemic.

Why Traffic Tickets Relate To Tax Reform

Last spring, a young Norwegian woman worth close to $1.25 billion was pulled to the side of the road in her Audi Q3. Because the authorities determined that her blood alcohol was three times the normal limit, this month, an…

Why SALT Might Not Be Good For Our (Financial) Health

In the Tax Cuts and Jobs Act, legislators eliminate deductions to offset lower tax rates. One target is SALT–state and local tax deductions.

Tax Rate History and the Candidates

Comparing Hillary Clinton’s, Bernie Sanders’s and Donald Trump’s individual income tax proposals with tax rate history we can judge their plans.

Weekly Roundup: From Chinese Cement to Bowie Bonds

This week’s economic news summary included David Bowie’s financial innovation, China’s GDP cement problems, inequality contradictions and farm productivity.

When Less is More

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

Weekly Roundup: From Free Delivery to Expensive Coffee

Our everyday economics includes competition, progressive taxes, free trade, externalities, sunk cost, productivity, supply chain, incentives, & tradeoffs.

When Your Ability to Pay Determines Your Punishment

In Finland, for some traffic violations, the rich have higher fines than those with less because of day fines that are similar to progressive taxation.

John Stuart Mill on Affordable Health Care

A child prodigy, 19th century economist John Stuart Mill said in his Autobiography that, “I have no remembrance of the time when I began Greek; I have been told that it was when I was three years old. My earliest…

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 when France’s Constitutional Council said it was unfair. Returning to the…