The Trouble With Taxing Wealth

Around the world, governments in recent decades have sought to lighten the burden on capital by reducing taxes on dividends, capital gains, corporate profits and wealth. The motivation is straightforward: more capital means more investment, higher productivity and faster growing wages. Capital is also highly mobile: Tax it too...

California Has Become the Far Left Coast

California’s descent into a one-party state accelerated in 2018. Golden State Democrats picked up seven seats in the House. They now control almost 87% of the state’s congressional delegation—46 of the 53 representatives. Orange County, one of the original strongholds of the conservative movement, is now a liberal bastion....

The Democrats’ Socialist Gene

How did the Democrat Party move so far left so fast? No convention, retreat or caucus was held to designate Medicare for All, tippy-top tax rates, arcane identity litmus tests, free college tuition or a Green New Deal as Democratic dogma, but here we are. So far, every major...