Economics

Do the Rich Pay Their Fair Share?

Do the rich pay their fair share of taxes? It’s not a simple question. First of all, what do you mean by rich? And how much is fair? What are the rich, whomever they are, paying now? Is there any tax rate that would be unfair? UCLA Professor of Economics, Lee Ohanian, has some fascinating…

Why Government Money Can’t Fix Poverty

The recent history of Camden, New Jersey, which is the poorest small city in America, provides a case study of the tragic ineffectiveness of government programs at ameliorating poverty. State and federal taxpayers have spent hundreds of millions of dollars on various redevelopment programs in Camden over the years, but the money never ended up…

Myths, Lies and Capitalism

Does free enterprise hurt the poor? Is it unfair and driven by greed? Did it cause the Great Recession? In five minutes, Arthur Brooks answers these questions and more about capitalism.