What Is Trickle-Down Economics?

The vice-presidential debate goes tonight in Kentucky, and Ohio senator Sherrod Brown gave us a sneak preview of the line of attack Vice-President Joe Biden is likely to use against Republican veep nominee—Ryan, charges Brown has “dressed up trickle-down economics and wrapped it in an Ayn Rand novel.” It’s admittedly a snappy soundbite although I have absolutely no idea what Brown mean... More

France Tax Hike Lends Perspective To Debate In The U.S.

Leave it to France to put socialist economic policy on full display. The reports are out that French president Francois Holland is seeking a new budget plan that would establish a top marginal income tax rate of 75 percent, meaning after your income hits a certain level—in this case about $1.2 million in American dollars—you can count on paying three out of every four dollars earned to the gov... More

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