Taxation
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Congress Reformed Welfare. Bureaucrats Regrew It Anyway
Voters demanded the 1996 welfare reform law that limited eligibility and emphasized work. Since then, executive agencies have used their discretion to quietly loosen those rules.
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America Can’t Outgrow $40 Trillion in Debt
Stabilizing the federal debt through growth alone would require 7.3 percent annual real GDP growth. Nothing in our history suggests that’s remotely plausible.
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Where Have All the Conservatives Gone?
Left and right increasingly compete over how to wield government power rather than whether to limit it. Stephanie Slade’s ‘Fusionism’ asks whether liberty and restraint still have a constituency.
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The Baseball Tax That Made the Great Depression Worse
Nothing’s more American than baseball and taxes, but combining the two in 1932 cost millions their affordable day out.
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The Myth of the Free-Riding Billionaire: Ray Madoff’s ‘The Second Estate’
In her new book, Ray Madoff argues that America’s wealthiest exploit the tax code at the public’s expense. But her critique understates both what the rich pay and what they produce.
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California’s Billionaire Tax Is Backfiring Before It Begins
California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.
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An Evergreen Warning About Social Security
A new book from Cato answers old questions: can Social Security remain solvent as lifetimes lengthen and birth rates fall?
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Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
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Rewarding Good Governance: How Foot-Voters Benefit Society
Governance improves when people and businesses are free to leave high-tax, low-value jurisdictions. Competition can improve public policy just as it improves products and services.
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States Relying on Federal Aid Face a Reckoning
Pandemic-era aid allowed many states to expand spending without confronting long-term costs. The bill is coming due.
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•
Congress Reformed Welfare. Bureaucrats Regrew It Anyway
Voters demanded the 1996 welfare reform law that limited eligibility and emphasized work. Since then, executive agencies have used their discretion to quietly loosen those rules.
-
•
America Can’t Outgrow $40 Trillion in Debt
Stabilizing the federal debt through growth alone would require 7.3 percent annual real GDP growth. Nothing in our history suggests that’s remotely plausible.
-
•
Where Have All the Conservatives Gone?
Left and right increasingly compete over how to wield government power rather than whether to limit it. Stephanie Slade’s ‘Fusionism’ asks whether liberty and restraint still have a constituency.
-
•
The Baseball Tax That Made the Great Depression Worse
Nothing’s more American than baseball and taxes, but combining the two in 1932 cost millions their affordable day out.
-
•
The Myth of the Free-Riding Billionaire: Ray Madoff’s ‘The Second Estate’
In her new book, Ray Madoff argues that America’s wealthiest exploit the tax code at the public’s expense. But her critique understates both what the rich pay and what they produce.
-
•
California’s Billionaire Tax Is Backfiring Before It Begins
California’s proposed wealth tax promises billions in new revenue. But early evidence suggests it will ultimately cost the state far more in investment, entrepreneurship, and future tax receipts.
-
•
An Evergreen Warning About Social Security
A new book from Cato answers old questions: can Social Security remain solvent as lifetimes lengthen and birth rates fall?
-
•
Social Security Is Not a Generational Contract
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it — and who pays for it.
-
•
Rewarding Good Governance: How Foot-Voters Benefit Society
Governance improves when people and businesses are free to leave high-tax, low-value jurisdictions. Competition can improve public policy just as it improves products and services.
-
•
States Relying on Federal Aid Face a Reckoning
Pandemic-era aid allowed many states to expand spending without confronting long-term costs. The bill is coming due.