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The US is a Waning Economic Superpower

The US is a Waning Economic Superpower

The U.S. is a waning economic hegemon. But far too few Americans, including politicians, realize this. The eventual new and very big kid on the block is, under all but extreme scenarios, China; and, after China, India. By 2100, the U.S. will be in third place, when ranked by GDP — producing only 12 percent of global output compared with China’s 27 percent and India’s 16 percent. More

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What I Bet You Don’t Know About Poverty, Inequality And The Role Of Government

What I Bet You Don’t Know About Poverty, Inequality And The Role Of Government

Here are five surprising facts:

  • The U.S. welfare state has almost eliminated poverty in this country.
  • Over the last 75 years, income inequality has actually gone down, not up.
  • Since the end of World War II, income has steadily risen for every income group – with the greatest increase among the bottom fifth of the income ladder.
  • Over half of the population gains very little from working under the U.S. fiscal system – as taxable income replaces untaxed transfer benefits.
  • The U.S. has the most progressive fiscal system among all developed countries.

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Health Reforms for Voters

Health Reforms for Voters

Chief among these is Obamacare reform to (1) let families have access to insurance that meets their medical and financial needs, instead of unaffordable deductibles and sky-high premiums; and (2) let families have access to the best doctors and the best hospitals, instead of narrow networks that deny them the care they need. More.

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Medicare Prescription Drugs: A Case Study In Government Failure

Medicare Prescription Drugs: A Case Study In Government Failure

Bernie Sanders and other socialists think health care should be provided by the state. Their latest version of that idea is “Medicare for all.” How does Medicare stand up against private, free-market provision of similar services? Since Congress just acted on Medicare prescription drugs, let’s examine drug coverage in answering that question. More.

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Ideas for the Fall Election: Seniors

Ideas for the Fall Election: Seniors

The election this fall was supposed to be a red wave. Now it looks like that may not happen.

The Republican problem today is no different than it was 50 years ago. Too many Republicans don’t believe in reforming institutions. They think their only role is to oppose whatever the Democrats are trying to do. Most conservative think tanks aren’t much better.

Yet in troubled times, voters want problems solved. Here are some suggestions for policy changes affecting seniors—the group of voters most likely to vote.

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