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March 18, 2024 at 3:21 pm

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Pennsylvania Proposes a Carbon Tax

March 14, 2024 at 3:26 pm

Thanks to the hundreds of you who have signed up already at The Editors. If you haven't yet done so, please make the switch so that you can access content such as Pennsylvania Proposes a Carbon Tax Plus, Schumer throws Israel under the bus; TikTok and Senator Cotton's "racist discourse."

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What I Said at the State Hearing on Harvard's $2 Billion Bond Offering

March 13, 2024 at 4:47 pm

Thanks to the hundreds of you who have signed up already at The Editors. If you haven't yet done so, please make the switch so that you can access content such as "What I Said at the State Hearing on Harvard's $2 Billion Tax-Exempt Bond Offering/ 'The bad news is, we have to behave,' says a Harvard slide labeled 'confidential.'"

Some readers have asked:

Does this mean the FutureOfCapitalism newsletter is going away and to get similar (and more!) content we now need to subscribe to The Editors? Or is there going to be an automated transition?

The answer: At some point I may consider importing the existing FutureOfCapitalism list (those remaining who haven't signed up) as free subscribers to The Editors. I'd much prefer, though, if people actively sign themselves up. The user experience for that also takes people through a pay or free choice, and I hope some people will choose the paid option.

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The Last Los Angeles Times Press Run

March 12, 2024 at 2:33 pm

Thanks again to the hundreds of you who have signed up for The Editors. If you haven't gotten around to it yet, please do, so that you can access articles such as today's column: "The Last Los Angeles Times Press Run. Plus, Biden misleads New Hampshire voters about his own income."

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Trump Parrots Biden's Class Analysis

March 11, 2024 at 4:57 pm

Thanks so much to the hundreds of you who have signed up for the Editors. If you haven't yet done so, please do, so that you can access pieces such as today's column, Trump Parrots Biden's Class Analysis: Plus, racial realignment; Israel's ammunition; financial crises; "happiness studies." Again, thanks.

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Biden's "I Shouldn't Have Used the Word Illegal" Apology

March 10, 2024 at 4:39 pm

Thank you to the many of you who have signed up for The Editors. If you haven't yet done so, please do, so that you can access pieces such as today's column on Biden' confessing "regret" for using the word "illegal" rather than "undocumented" in his State of the Union speech. Again, thanks.

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The Six Phoniest Lines in Biden's State of the Union

March 8, 2024 at 4:59 pm

Thanks to all those who have signed up for The Editors. If you haven't yet done so, please do so that you'll get all the content such as today's column on The Six Phoniest Lines in Biden's State of the Union. And much more.

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IMPORTANT: A wider editorial focus on trustworthy information and analysis

March 6, 2024 at 1:40 pm

Dear FutureOfCapitalism reader:

Thank you for being a loyal FutureOfCapitalism.com reader and supporter. I'm excited to share some changes that will accelerate the spread of our vision and increase our impact:

  1. The FutureOfCapitalism.com and Smartertimes.com email newsletters are merging into a single new publication called The Editors. This new name reflects a wider editorial focus on trustworthy information and analysis defending and expanding freedom and prosperity.

  2. The Editors will be hosted on the Substack technology platform. You may already be familiar with Substack as many prominent writers, editors, and thinkers—"Instapundit" Glenn Reynolds, "EconTalker" Russ Roberts, historians of Israel Michael Oren and Daniel Gordis, "Grumpy Economist" John Cochrane, "Free Press" founder Bari Weiss—are on it.

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California U.S. Senate Election

March 3, 2024 at 4:45 pm

A February 28, 2024, Wall Street Journal news article reports, "If Schiff faces Garvey, however, he is virtually guaranteed victory in the heavily Democratic state. No Republican has won statewide office in California since 2006." As of February 20, 2024, Democrats are about 10 million of the state's 22 million registered voters, or less than half. The election is some months away. A lot can happen between now and then. A Republican victory is unlikely, but just because it hasn't happened since 2006 doesn't mean it won't happen ever again. Republicans have recently been winning some competitive House seats in California. The thing about politics is there are no guarantees. Nothing ruins a guarantee like the complacency and corruption that come with one-party governments. They tend eventually to create counterreactions.

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Stallone to Florida

March 3, 2024 at 4:44 pm

We've been tracking the migration from high-tax, high-regulation states such as New York and California to lower-tax, lower-regulation states like Florida and Texas. The latest to move is actor Sylvester Stallone of "Rocky" and "Rambo" fame. "Welcome to the Free State of Florida," the state's first lady commented.

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Trump's Legislative Achievements

March 3, 2024 at 4:43 pm

A Wall Street Journal front-page retrospective and interview with the Senate Republican leader, Mitch McConnell, says of McConnell, "He also shepherded Trump's sole major legislative accomplishment, the 2017 tax bill, through the Senate."

It seems strange to contend, in a news article, that the tax bill was Trump's "sole major legislative accomplishment." You could make a strong case that the First Step Act, a criminal justice reform bill enacted in 2018, and the CARES Act, a March 2020 Coronavirus relief and stimulus bill, also qualify as major legislative accomplishments, as did the follow-up Covid-19 aid measures passed during Trump's presidency. Trump also signed into law a bill creating the 988 suicide prevention hotline, which has received more than 8 million calls, texts, and chats since launch.

Where were the editors? It'd be easy enough to just dial this back to: "He also shepherded a major Trump legislative accomplishment, the 2017 tax bill, through the Senate."

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The War Against the Jews Is a War Against Capitalism

March 3, 2024 at 4:42 pm

In a December 5, 2023 New York Sun column I argued that "The War Against the Jews Is a War Against Capitalism."

Since then, additional data points have accumulated. Some highlights, or lowlights:

On February 7, 2024, in Manhattan, BNY Mellon's New York headquarters is attacked by anti-Israel protesters.

On February 27, 2024, the Washington Free Beacon reports on Mohamed Abdou, who is the Arcapita Visiting Professor in Modern Arab Studies at Columbia University for Spring 2024. The Free Beacon notes that "While Abdou has already worked to organize anti-Israel protests at Columbia, he encourages those who oppose the Jewish state to go further. 'DON'T just go to Pro-Palestinian rallies DON'T just post on social media,' he wrote in November. 'ORGANIZE revolutionary alternatives to capitalism...'"

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Biden's Doctor Letter 2024

February 28, 2024 at 5:18 pm

The White House released a six page memo with the subject "President Biden's current health summary." It makes no mention of any cognitive or memory issues. That's not to say there are not any such issues, just that there is no mention of them in the memo.

Relatedly, from a recent New York Times Magazine interview with Marilynne Robinson: "You have to live to be 80 to find this out: Anybody under 50 feels they're in a position to condescend to you. You get boxed into this position where people who deal with you are making assumptions about your intellect. It's very disturbing. Most people my age are just fine. What can I say?"

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How's That New Mass. Millionaire Tax Working Out?

February 16, 2024 at 3:52 pm

Under the headline, "Boston Faces $1 Billion Tax Deficit from Faltering Office Market," Bloomberg reports, "without a meaningful uptick in office demand, the city is on track for an annual collection shortfall of roughly $500 million starting in 2029, around 10% of total revenues, the report said. At the state level, Massachusetts tax revenues have missed budget forecasts for seven straight months through January."

Massachusetts imposed a new state millionaire tax this year after voters narrowly approved a ballot resolution heavily backed by the teachers unions. As I predicted, it hasn't produced the state revenue windfall that its proponents gave the misleading impression would be forthcoming.

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Spending, Not Tax Cuts, Drives Federal Budget Deficits

February 14, 2024 at 3:38 pm

Clive Crook writes in Bloomberg: "Republicans want lower taxes and lower spending. Democrats want higher spending and higher taxes (on companies and the rich). How to strike a deal? Easy. Cut taxes and raise spending – hence higher borrowing." That sounds like it makes sense, but when you look at the numbers over the past few decades the pattern actually doesn't empirically hold up.

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