Why ‘Medicare For All’ is the Right Approach

A rallying call for many in the progressive left, Medicare For All was effectively introduced and championed by Senators Bernie Sanders in the 2016 and 2020 Democratic Party Presidential Primaries. Advocates, of which there are many, claim that Medicare For All would bring the United States in line with the rest of the world, promising … Continue reading Why ‘Medicare For All’ is the Right Approach

Retrospectively Calculated Capital Gains Tax

There's a minor debate always ongoing about how we ought to tax income from capital gains, which is at present taxed separately from ordinary income, at preferential rates. There have been many proposals, such as eliminating the preferential rates or taxing gains on a mark-to-market basis, which is tricky since share prices tend to fluctuate … Continue reading Retrospectively Calculated Capital Gains Tax

It’s Time To Turn the Tide in Inequality

In 1912, Italian statistician Corrado Gini introduced a concept (which came to take his name) called the Gini Coefficient. The coefficient, which is a measure of statistical dispersion, is used primarily to measure the level of economic inequality, such as income, wealth, and consumption inequality. This coefficient is calculated by subtracting from cumulative income in … Continue reading It’s Time To Turn the Tide in Inequality

Discussing the Progressive Consumption Tax

In early January 2003, a interesting bill was referred to the House Ways and Means Committee: H.R.269 Simplified USA Tax Act of 2003. This bill, sponsored by then-Representative of Pennsylvania Phil English, would, among other things, replace the federal income, estate, and gift taxes with a "progressive consumption tax." In the other words, a tax … Continue reading Discussing the Progressive Consumption Tax