Focusing Exclusively on “Creating Jobs” Can Do More Harm Than Good
We are constantly bombarded by politicians declaring the importance of “creating jobs” in the economy. We regularly see government initiatives like public works projects, “stimulus” programs, and government subsidies enacted under the guise of creating jobs. Simply put, however, policies with the sole goal of maximizing jobs miss the mark. The true emphasis should be […]
Why Progressive Taxes Are Especially Harmful to Productivity and Harm the Poor
Included in President Joe Biden’s recently released budget proposal are several tax increases, among them an increase to the top marginal income tax rate. While the rate change, from 37 percent to 39.6 percent for income above $400,000 for single filers and $450,000 for married filers, appears minor, it nevertheless provides opportunity to explain why […]