Janitors – like G.E. shareholders – pay no taxes! (Or so should say Sen. Bernie Sanders). Steve Landsburg puts it all in proper perspective.
In today’s New York Times, my friend David White argues eloquently against a G.O.P.-sponsored proposal on Capitol Hill to allow state-level protection of wine wholesalers. These wholesalers don’t want to compete with wineries who are now allowed to ship wine directly (the horrors!) to out-of-state customers. Speaking as a wino – but even more as an economist – I can only cheer David’s superb essay.
In today’s Investor’s Business Daily I try to calm fears that America is ‘running out of oil.’ (Coincidentally, David White – see above – was instrumental in helping me with this essay on oil.)