The Greek Debt Crisis

The Greek Debt Crisis

Greece did not wake up one morning and suddenly discover it was bankrupt. For years, the country had been living inside an economic illusion. It had the spending habits of a state that could borrow cheaply, the institutions of a state that struggled to collect taxes,...
The Wealth Tax Problem

The Wealth Tax Problem

The easiest tax policy to understand is also one of the hardest to execute. Tax the rich. It sounds obvious. Billionaires own more wealth than entire cities, states, and sometimes small countries. Their fortunes rise with asset prices. Their lifestyles are funded by...