Now that it's summer, I'm on the lookout for nonviolent
water toys. They're a lot harder to find than one might think. If you
look past the brightly colored plastic, all you're left with is mock
weapons: rapid-firing automatics, pistols, double-barreled rifles, AK-47s
All 50 states have regressive tax structures: the lower your
income, the larger share of it goes to state taxes. While a few states have
flat income-tax rates--here in Illinois, everyone pays 5 percent--most are
mildly progressive (higher rates for higher income).
There are two ways to reduce the federal budget deficit: cut spending
and increase revenue. Serious progress will require both. But neither can
solve the larger problem behind the nation's budget woes.
Sir Martin Gilbert, an author of many books, has written an argument for one of the silent participants in the Israeli-Palestinian conundrum. He recounts the story of the Jewish experience under Muslim rulers over the past 14 centuries, an ambitious task that necessitates wide reading among numerous specialties.
Dan Price, owner and chief executive officer of Gravity Payments, has cut his salary and given each of his employees a $70,000 wage. This move raises the salaries for more than half of the 120-person staff at his credit card processing company in Seattle. Many business leaders have criticized his move. Rush Limbaugh called it socialist, predicting the company would fail. Tim Kane, an economist at the conservative Hoover Institute at Stanford University, said, “It will reduce turnover, increase morale, and help him build an even greater company.” The day after the new wage plan was made public, Price received letters from 3,500 job applicants, and Gravity signed up several new clients (New York Times, April 19).