Heerlen A persistent question in the US, as well as many other countries around the globe, is “what’s driving this increase of populism?” Why are people so angry? Many who ask are dumbfounded, because they believe that things are so much better now. People are living longer. Median income has risen. People are better …
Category: Economics
States are Soaking the Poor and Letting Rich Skate
New Orleans The Institute on Taxation and Economic Policy for the last seven years has done an annual report based on a distributional analysis of state taxation policies. It’s terribly depressing reading, not because this nonprofit doesn’t do an excellent job, but because their conclusions take away any hope states are offering a …
Good Intentions Take 3rd Place to Profits and Scams
Nairobi Scanning a copy of The Financial Times that I picked up as I hustled through the Frankfurt Airport, I stumbled onto another drumbeat in the chorus of reversals hitting the concept of social investing or ESG, environmental, social and governance screens for big money funds and progressive punters trying to make change for …