Taxing Carbon is Like Taxing Diamonds
To reduce carbon emissions, we must tax fossil fuels—but, say the pundits, we can’t do so because the tax would be regressive, clobbering the poor. In general, sales taxes are...
To reduce carbon emissions, we must tax fossil fuels—but, say the pundits, we can’t do so because the tax would be regressive, clobbering the poor. In general, sales taxes are...
Detroit’s property tax base, diminished and badly-assessed, could still fund a renewal if Michigan would only read its history and find the political will. By Mason Gaffney and Polly Cleveland...
It was the perfect “natural experiment:” in April 1992, New Jersey’s minimum-wage was scheduled to rise from $4.25 an hour to $5.05, while neighboring Pennsylvania’s minimum wage remained unchanged. Princeton...
Sales taxes — of whatever stripe — fall harder on poorer than richer customers. And they squeeze smaller retailers more than big ones. When I visited my brother in London...