A failed charter school and someone looking to start a charter school in Kansas can only look to Kansas City, Mo., and wonder what impact high-performing public charter schools may have for kids in the state.
1. The average federal tax rate for all households (tax liabilities divided by income, including government transfer payments) before taxes is 18.1 percent.
2. Households in the top quintile (including the top percentile) paid 68.8 percent of all federal taxes, households in the middle quintile paid 9.1 percent, and those in the bottom quintile paid 0.4 percent of federal taxes. (Quintiles — fifths — contain equal numbers of people.)
3. Social insurance taxes (e.g., Social Security, Medicare) account for the largest share of taxes paid by households in all but the top quintile.
If you really care about income inequality, notes John Goodman, you need only focus on one thing — the inequality of educational opportunity:
The topic du jour on the left these days is inequality. But why does the left care about inequality? Do they really want to lift those at the bottom of the income ladder? Or are they just looking for one more reason to increase the power of government?
If you care about those at the bottom then you are wasting your time and everyone else’s time unless you focus on one and only one phenomenon: the inequality of educational opportunity. Poor kids are almost always enrolled in bad schools. Rich kids are almost always in good schools.
So what does the left have to say about the public school system? Almost nothing. Nothing? That’s right. Nothing. I can’t remember ever seeing an editorial by Paul Krugman on how to reform the public schools. So I Googled to see if I have missed something. The only thing I found was a negative post about vouchers. And Krugman is not alone.
You almost never see anything written by left-of-center folks on reforming the public schools. And I have noticed on TV talk shows that it’s almost impossible to get liberals to agree to the most modest of all reform ideas: getting rid of bad teachers and making sure we keep the good ones.
(Via: AEI Ideas)
According to the Polaris Project, human trafficking is defined as,
Human trafficking is a form of modern-day slavery where people profit from the control and exploitation of others. As defined under U.S. federal law, victims of human trafficking include children involved in the sex trade, adults age 18 or over who are coerced or deceived into commercial sex acts, and anyone forced into different forms of “labor or services,” such as domestic workers held in a home, or farm-workers forced to labor against their will. The factors that each of these situations have in common are elements of force, fraud, or coercion that are used to control people.
A few weeks ago the IRS killed off any chance that Bitcoin could become a mainstream currency. That’s probably for the best since it clears the way for it to become something much more important: the world’s first completely open financial network.
Timothy B. Lee has a superb article explaining why this could be transformative. Lee highlights one particularly helpful innovation:
One obvious application is international money transfers. Companies like Western Union and Moneygram can charge as much as 8 percent to transfer cash from one country to another, and transfers can take as long as 3 days to complete. In contrast, Bitcoin transactions only take about 30 minutes to clear, and Bitcoin transaction fees could be a lot less than 8 percent.
An “alternative to Western Union” doesn’t sound revolutionary, does it? Now look at this graphic produced by The Daily Mail which shows how much money is being sent by migrants to their families back home.
The “Christendom Show” really is over in America my friends. It’s a wrap. The culture of American politics is not simply made of up deists, agnostics, and atheists but men and women who are decidedly anti-Christian. To be anti-Christian is not to be merely apathetic or ambivalent toward Christian participation in societal life. Being anti-Christian is to pursue whatever arbitrary measures necessary to ensure that Christians are purged from receiving the same political liberties as other groups. For example, New York State forecasts, yet again, what will likely happen in more and more states in the coming years as state legislators rejected a measure that would allow tax payers to receive tax credits for financially supporting parochial education.
America has been underwhelmed by Obamacare. Beyond the website glitches and stories of waiting for hours to sign up, we can start assessing the actual program.
An April 8 Rasmussen poll finds only 23 percent of Americans call Obamacare a “success,” and 64 percent believe it will be repealed. the White House is in a tough spot; the program was built with the understanding that young people would flock to it, eager to snap up inexpensive health care plans. These purchases would help pay for the less-healthy and older enrollees. Young people would be paying their premiums, but since they don’t get sick as often, that money would be used for those who are typically less healthy. Those signing up, though, are tending to be older and sicker than expected:
People who signed up early for insurance through the new marketplaces were more likely to be prescribed drugs to treat pain, depression and H.I.V. and were less likely to need contraceptives, according to a new study that provides a much-anticipated look at the population that signed up for coverage under the new health care law.
The health of those who enrolled in new coverage is being closely watched because many observers have questioned whether the new marketplaces would attract a large share of sick people, which could lead to higher premiums and ultimately doom the new law.
In his latest column for National Review, Jonah Goldberg notes the difference between being pro-business and pro-market and says the GOP can’t have it both ways anymore:
Just to clarify, the difference between being pro-business and pro-market is categorical. A politician who is a “friend of business” is exactly that, a guy who does favors for his friends. A politician who is pro-market is a referee who will refuse to help protect his friends (or anyone else) from competition unless the competitors have broken the rules. The friend of business supports industry-specific or even business-specific loans, grants, tariffs, or tax breaks. The pro-market referee opposes special treatment for anyone.
Politically, the reason the lines get blurry in good times and bad is that in a boom, the economic pie is growing fast enough that the friend and his competitor alike can prosper. In bad times, when politicians are desperate to get the economy going, no one in Washington wants to seem like an enemy of the “job creators.”
Goldberg is absolutely right about the difference being categorical. As economist Arnold Kling has helpfully outlined, support/opposition to markets and business gives us four categories:
Last week was one of mixed blessings for those engaged in the U.S. political process. On the positive side, the U.S. Supreme Court – by a 5-4 margin – struck down overall limits on campaign contributions. Unfortunately, the pendulum swung in the opposite direction for Brendan Eich, co-founder and chief executive officer of Mozilla, who resigned after the Los Angeles Times disclosed his $1,000 contribution in support of California’s 2012 Proposition 8.
Eich’s unfortunate circumstances bring to mind the many proxy resolutions submitted to a plethora of companies each year by so-called religious shareholders such as As You Sow and the Interfaith Center for Corporate Responsibility. These resolutions bleat endlessly of the need for transparency in corporate lobbying, political expenses and donations to the American Legislative Exchange Council and The Heartland Institute. The call for transparency, however, is a ruse – what’s most important is shaming the companies publicly so they’ll give up fighting for their First Amendment rights. (more…)
In a fascinating essay in Mosaic, Charles Murray examines the spirit of innovation in America. He asks,
As against pivotal moments in the story of human accomplishment, does today’s America, for instance, look more like Britain blooming at the end of the 18th century or like France fading at the end of the 19th century? If the latter, are there idiosyncratic features of the American situation that can override what seem to be longer-run tendencies?
The author of Human Accomplishment: The Pursuit of Excellence in the Arts and Sciences, Murray amassed data from virtually all of human history, across cultures and in vast categories of human endeavor. He believes that there are patterns to innovation, creativity and advancement, and that certain cultural standards support and encourage this, while others degrade it. Murray makes the case that America is floundering, if not fading, when it comes to innovation and invention. (more…)