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Abstract. The 16th Amendment to the U.S. Constitution in 1913 provided the legal basis for progressive federal income taxes. They now yield revenues of about $450 billion annually. Tax base erosion eventually produced a levy in serious violation of norms of allocation efficiency, distributional...
Abstract. Several critics of the American welfare system have claimed that it exacerbates the problem of poverty by making living in poverty preferable to acting in ways that would promote upward mobility. One version of this argument, by Gallaway and Vedder, proposes that in the 1970s this...
Abstract. Fiscal Pollution (excessive budget deficits), in certain aspects, is like environmental pollution. In both types of pollution some, possibly most individuals would be willing to reduce their own pollution if others would do the same. In the case of fiscal pollution individuals would be...
Abstract. Small farms now form the locus of attempts to develop agriculture in the English‐speaking Caribbean. Attempts to boost extra regional export need to be coupled with closer cooperation among the 12 nations to substitute food imports from outside the region. A series of macroeconomic...
Abstract. An “industrial policy” for the U.S. appears from the writings and statements of its advocates to involve modification of federal tax laws and expenditures to allow a largely unchanged set of business institutions to better serve the public interest. It employs planning but it is...
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