X.5: Make the Rich Pay Their Fair Share of Taxes?

Politicians love to promise their constituents that if elected they will make the rich pay their fair share of taxes. They say they will raise the income tax rate for high income earners. And this promise will generally net many votes, and maybe even a little revenue, but the problem is it won’t make the … Read more

X.3: Problems with Capitalism

Socialism and communism have always led to economic failure, but there are problems with capitalism as well. For example, competition makes capitalism work. But at the same time every capitalist seeks to eliminate his competition. In other words, if a company grows without bounds, it will eventually destroy its competitors. And there are other problems … Read more

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