Wealthy French, Average Americans, Continue to Flee High Taxes
While France’s most famous actor, Gerard Depardieu, is the latest person to flee the country because of a wealth tax set for 2013, new data from the U.S. Census Bureau suggests that ordinary Americans with average incomes continue to flee high-tax states.
Broad Housing Recovery Appears Under Way: Zillow Economist
As Americans gather in their homes for the Thanksgiving holiday, recovering from their various labors, many can give extra thanks for what seems like fresh evidence of a recovery of their home’s value...
America Must Unleash the Wealthy to Relaunch Economy: News Analysis
The 400 wealthiest Americans, who earned $81 billion collectively, paid nearly as much in taxes as the bottom 50% of U.S. taxpayers—69 million Americans who together earned more than $1 trillion.
ECB’s Trillion-Euro Giveaway Offers Limited Time for Reform: News Analysis
The ECB’s liquidity lifeline to banks—like America’s QE policy—offers a chance to avoid a deeper economic depression, but only if that window of opportunity is used to make sustained structural reforms that policymakers on both sides of the Atlantic have so far avoided.
Wanna Beat the Market by 6.6%? Join Congress
A new study published this year finds a 6.6% annual market-beating advantage for members of the House between 1985 and 2001. Rep. Nancy Pelosi scored a 203% multimillion-dollar return on an IPO at a time when ordinary investors lost 15%...
Winning and Losing States of America
The economic laboratories at work in the 50 states have produced disparate results according to new government data, and experts say the success of states like North Dakota and Utah and poor performance of Michigan and Nevada have national implications.