Argentina grew 3.9% in Q3
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Romina Boccia and Ivane Nachkebia As part of the Cato Institute Report to the Department of Government Efficiency (DOGE), we submitted the following recommendations to address the looming Social Security insolvency and its impact on the federal budget. Social Security is not a savings system but a pay-as-you-go scheme, where taxes collected from today’s workers fund the benefits of today’s beneficiaries. This makes Social Security susceptible to adverse demographic shifts, as its financial stability relies on a favorable […]
In Pennsylvania, the Delaware County Council voted 4–1 to raise property taxes by 23 percent. The council hiked taxes 5 percent last year. Council members cited rising costs and flat revenues as the reason for the tax increase, saying it was needed to fund essential projects. The county government has a budget of about $397 million. The post Brickbat: Going Up…and Up appeared first on Reason.com.
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Murray Rothbard wrote that egalitarianism is a “revolt against nature.” Progressives claim that inequality harms society and is morally unacceptable, but in reality, it is necessary for division of labor, which enables social cooperation.