Income tax rules also made borrowing against a home’s equity attractive. Because mortgage interest payments can be deducted for income tax purposes, the interest paid on home equity loans could also b...
Far from being a national crisis of affordable housing, outrageous rents and astronomical home prices are largely confined to a relatively few places along the east and west coasts. Rent per square fo...
Failure is part of the natural cycle of business. Companies are born, companies die, capitalism moves forward. Fortunemagazine{115}
Extrapolations are the last refuge of a groundless argument.
Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
Despite whatever the left may say, or even believe, about their concern for the poor, their actual behavior shows their interest in the poor to be greatest when the poor can be used as a focus of the...
If politicians stopped meddling with things they don't understand, there would be a more drastic reduction in the size of government than anyone in either party advocates.
Top colleges turn out extraordinary graduates because they take in extraordinary freshmen. That tells very little about what happened in the intervening four years, except that it did not ruin these i...
The term liberal originally referred politically to those who wanted to liberate people—mainly from the oppressive power of government. That is what it still means in various European countries or in...
The results show how unreliable peer consensus can be, even when it is a peer consensus of highly intellectual people, if those people share a very similar vision of the world and treat its conclusion...
The initial wealth of a group and its time of arrival are obviously important, as many wealthy old families show, but the Jews arrived late and penniless in the nineteenth century and are now more af...
The fundamental confusion that makes income bracket data and individual income data seem mutually contradictory is the implicit assumption that people in particular income brackets at a given time are...
The facts are unmistakably plain, for those who bother to check the facts. In 1921, when the tax rate on people making over $100,000 a year was 73 percent, the federal government collected a little ov...
The United States as a whole is larger than the Roman Empire at its greatest expansion.
Ronald Reagan had a vision of America. Barack Obama has a vision of Barack Obama.
Perhaps the most important thing about risk is its inescapability. Particular individuals, groups, or institutions may be sheltered from risk - but only at the cost of having someone else bear that ri...
No government of the left has done as much for the poor as capitalism has. Even when it comes to the redistribution of income, the left talks the talk but the free market walks the walk.What do the po...
Most officially poor Americans today have things that middle-class Americans of an earlier time could only dream about—including color TV, videocassette recorders, microwave ovens, and their own cars....
Moreover, the reasons for proposing such tax cuts are often verbally transformed from those of the advocates— namely, changing economic behavior in ways that generate more output, income and resulting...
Japan, newly emerging on the world scene in the late nineteenth century, sought its science and engineering in Scotland.