The census fails to account for taxes and most welfare payments, painting a distorted picture. By Phil Gramm and John F. Early Nov. 3, 2019 3:43 pm ET Never in American history has the debate over income inequality so dominated the public square, with Democratic presidential candidates and congressional leaders calling...
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WSJ: Big Bad Trusts’ Are a Progressive Myth
Today’s tech titans, like yesterday’s industrial giants, will diminish in time thanks to competition. By Phil Gramm and Jerry Ellig Oct. 2, 2019 6:49 pm ET The resurgence of progressivism in America has brought growing support for a return to Progressive-era trustbusting. Sen. Elizabeth Warren has a plan to break up...
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WSJ: Warren’s Assault on Retiree Wealth
Her vision of ‘accountable capitalism’ would destroy savings built over a lifetime—and sink the economy. By Phil Gramm and Mike Solon Sept. 10, 2019 6:41 pm ET Who owns the vast wealth of America? Old folks. According to the Federal Reserve, households headed by people over the age of 55 own...
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WSJ: How to Balance the Budget—Again
A GOP Congress and a Democratic president struck an unlikely deal in 1997. It succeeded. By Michael Solon Aug. 4, 2019 5:48 pm ET The budget deal between the president, the Democratic House and the Republican Senate eliminated the risk of debt default, government shutdown and a spending sequester for...
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WSJ: Who Pays for Student-Debt Forgiveness?
Taxpayers who didn’t go to college, didn’t take on debt, or paid it off already. By Michael Solon June 26, 2019 6:47 pm ET Democrats have begun a bidding war over student-debt forgiveness. Joe Biden proposes to expand it for public-school teachers. Elizabeth Warren wants to forgive 75% of all...
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