state redistribution

In the last months of his life, US President John F. Kennedy pushed the idea of a massive political campaign – a war on poverty in the country – through his cabinet. His successor in the White House – Lyndon B. Johnson – further developed the plan and presented his vision of the “Great Society” to the US Congress. As …

Oliver Mark Hartwich For Germans, July 8th was a good day. Not just because it was this author's birthday or because of Germany's pleasant 7-1 victory over Brazil in the World Cup, but also because this year, it is Tax Freedom Day. …

Gregory Brasiger Over the past 80 years, governments have been expected to provide more and more social services. This means ever-increasing costs to taxpayers, both ours and future generations yet to be born. Since governments have been almost constantly running in the red, they have become like cocaine addicts desperately looking for their next …

The effects of the disastrous monetary and housing policies pursued by the American government in the early years of the new century became visible around 2008 with the so-called beginning of the financial (later economic) crisis. In law, the economic distortions had long been present, and what we observed after the bursting of the bubble was actually the experience …