Wednesday, October 29, 2014


CNN Money | Millionaire tax on the ballot in Illinois
Prairie State voters next Tuesday will be asked whether they think the state's constitution should be changed to impose an additional 3% tax on income over $1 million. Revenue from the ballot measure would help fund schools.

Econ Comments & Analysis                                                                                            
Forbes | Canada Shows How to Eliminate the Tax Bias against Saving
Since all economic theories – even Marxism and socialism – recognize that capital formation is a key to long-run growth, higher wages, and improved living standards, it obviously doesn’t make sense to penalize saving and investment.