A new paper on wealth inequality from economists Emmanuel Saez and Gabriel Zucman – who have written frequently on the subject – was released earlier this month. This paper is far better than previous attempts to measure...
- Local roads are overused because they're 'free&...
Local roads are overused because they're 'free'
Letter to the editor published in the Washington Examiner
Re: "Va., Md. punt on billions needed for roads," April 30
As a Virginia native, I have had intimate experiences with the horrid traffic in the D.C. metro area. However, contrary to popular opinion, traffic is not a symptom of a limited supply of roads. Rather, the roads we have are overused because they are not priced.
In a free market, prices steer resources to their most valued uses. Our current road funding system is broken because it does not take cues from the market. We just clumsily tax everyone and then provide roads free of charge.
A much better way to provide roads would be to use tolls wherever possible. That way, drivers would bear the cost of driving, traffic would decrease, and the funding of roads would be aligned with the number of people that actually drive on them.
the Tax Foundation
- Because marijuana can be purchased as a cigarette, an edible, a liquid, or vapor, all with a wide variety of concentrations, a specific excise tax is untenable.
- Colorado collects tax revenue from marijuana...
Hearing on Tobacco: Taxes Owed, Avoided, and Evaded
Before the U.S. Senate Committee on Finance
Chairman Wyden, Ranking Member Hatch, and members of the Committee:
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