Presidential candidates Bernie Sanders and Hillary Clinton propose even more increases in top tax rates on income and capital gains ostensibly to finance their lavish government spending plans.
Recent experience has shown that even would-be reformers have expressed a reluctance to make any changes that would affect current retirees, and if this continues it would make addressing the Social Security’s significant unfunded obligations more difficult.
Neither the Kennedy tax rate reductions of 1964-65 nor the Reagan tax rate reductions of 1983-88 were enacted “to benefit the rich.” That is just a worn-out myth.
The reason governments cannot simply take money from some people according to how able they are, and give it to others according to how needy they are, is because people who were aware of that plan would not be foolish enough to accurately reveal their abilities and needs.
The Finnish experiments could help answer some of the many questions raised by a basic income proposal.
June 2, 2016
August 14, 2015
August 1, 2015
July 23, 2015
By Jagadeesh Gokhale. Policy Analysis No. 762. October 22, 2014.
By Tad DeHaven. Policy Analysis No. 733. August 6, 2013.
By Jagadeesh Gokhale. White Paper . February 13, 2013.
By Michael D. Tanner. Policy Analysis No. 692. February 13, 2012.
Political Philosophy: An Introduction is the latest in a series of self-paced, online guides from Libertariansism.org – a project of the Cato Institute. The goal of political philosophy is to determine the standards by which we judge different institutions good or bad, just or unjust. Political Philosophy is a primer on major theories of justice, arguments philosophers have made for and against them, and to how to be more thoughtful and rigorous in our own thinking. Guides – videos and accompanying text – are detailed at Libertarianism.org/Guides – and are also available through online retailers nationwide.
To encourage people everywhere to better understand and appreciate the principles of government that are set forth in America’s founding documents, the Cato Institute published this pocket-size edition.
The Libertarian Mind, by David Boaz, longtime executive vice president of the Cato Institute, is the best available guide to the history, ideas, and growth of libertarianism, and is the ultimate resource for the current, burgeoning libertarian movement. This acclaimed book is now available as a fully unabridged audiobook, ready for immediate downloading, on Audible.com.
Cato’s Center for Constitutional Studies is pleased to announce its symposium The Supreme Court: Past and Prologue, A Look at the October 2015 and 2016 Terms to celebrate Constitution Day and the publication of the 15th annual Cato Supreme Court Review. This annual event will be held at the Cato Institute on Thursday, September 15, from 10:30 a.m. to 7:00 p.m. The event includes four panel sessions from notable experts with multiple perspectives. Hon. Clint Bolick, Associate Justice, Supreme Court of Arizona, will present the event’s B. Kenneth Simon Lecture on “State Constitutions: Freedom’s Frontier.”