Inequality: Capitalism’s Biggest Challenge

This piece first appeared on the Independent Institute blog. One of the most frequent shortcomings of capitalism cited by capitalism’s critics is inequality. People at the top of the economic ladder have so much more than those at the bottom. Inequality is capitalism’s biggest challenge because there is so much popular support for public policies…

What Does Fixing Social Security Mean?

Fixing Social Security is not rocket science.  There is money available to fix it.  Consider the $1.3 trillion of annual tax expenditures that are made each year.  While some of these benefit low income households, it is estimated that over half benefit higher income households.  Annual expenditures on Social Security are about $946 billion, so taking a knife to tax expenditures that favor the wealthy has promise. 

Could the Flint Water Crisis Happen in Tallahassee?

The water problems in Flint were not the result of a few missteps; instead, Flint’s current fight for safe and affordable water is the product of long-term benign neglect of the space and the residents.