Just as in the previous 10-year period, a majority of American taxpayers move from one income group to another over time, according to a study by the Treasury Department on income mobility of U.S. Taxpayers from 1996 through 2005.
The Treasury Department also recognises that the dynamism of the U.S. economy
The roots of the recent wave of immigrants from Mexico to the United States lie partly in the failure of the Mexican Revolution to live up to its promise to return land to the country’s dispossessed peasants, according to Alvaro Vargas Llosa, a senior fellow with the Independent Institute, who
Some policymakers in the United States and Europe argue that it is possible to enjoy economic growth and also have a large welfare state. These advocates for bigger government claim that the so-called Nordic Model offers the best of both worlds. This claim does not withstand scrutiny, says the Cato
The United Kingdom's health-care system is a bad deal for patients compared with those in the rest of Europe, according to a new report. Although it has the highest-paid doctors and the second-highest number of nurses per head of population, the United Kingdom was described by the study as "the
The Laffer curve illustrates the idea that above a certain tax rate, cuts to the rate cause the tax base to expand sufficiently for revenues to increase. At 35 per cent, the U.S. corporate tax rate seems to be above that rate, and thus in a strong Laffer zone, says
