The false promise of an ‘ultramillionaire’ tax

Sen. Elizabeth Warren (D-MA) is running for president in 2020, and she has gained attention for proposing an “ultramillionaire” tax: a 2 percent tax on households with a net worth over $50 million and an additional 1 percent on households worth over $1 billion. Continue Reading...

Socialism, by any other name

At the end of January I had the pleasure to speak with my friend of many years Ricardo Ball about the ongoing crisis in Venezuela.  The conversation was livestreamed from the Acton Institute allowing an international audience to listen in as we discussed recent developments from the streets of Caracas. Continue Reading...

A world of economic miracles: The power of human cooperation

Surrounded by economic abundance, it can be easy to be distracted by what we see—products, tools, technology, resources—and assume our newfound prosperity stems from material causes. In turn, given the stability of many institutions and the increasing pace of innovation, continuous economic progress now seems somewhat inevitable. Continue Reading...

9 big questions about democratic socialism

Democratic socialism is hot in the United States right now. Both the American media and young people seem to be enamored of the thought of steeply progressive, redistributive tax rates designed to achieve some vision of justice. Continue Reading...