Column: America spreads the wealth — and redistributes it, too
I have news for you: The United States is becoming more redistributionist. Whether you like it or not.
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I have news for you: The United States is becoming more redistributionist. Whether you like it or not.
The dominant change in the tax and transfer system over the past half-century has been an increase in transfers to the bottom.
Whether it's because voters think it is the right thing to do or because they hope to gain themselves from such a system, as the U.S. increases its wealth, it is redistributing more of it.
Neither the left nor the right may want to believe it, but the US tax system does a pretty good job of taking from the haves and giving to the have-nots.
A carbon tax border adjustment mechanism that uses some carbon tax revenue recycling for pro-investment tax reform could improve U.S. competitiveness.