The Global Reform Dodge

The original personal income tax law, passed in 1913, was only 14 pages long. Even the income tax law of 1942, which changed the tax from one on the affluent to include the middle class as well (and began withholding), was only 208 pages long. But the ObamaCare bill was over 2,400 pages, and the financial reform bill now working its way through Congress is about 1,400 pages long, at least at the moment.

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The Global Reform Dodge

Must-Reads from Magazine

John Kelly Changed the Game

When Trump fights on values, he wins.

For approximately 18 minutes, White House Chief of Staff John Kelly accomplished the impossible: He got America’s journalists and political opinion writers to shut up and listen.

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Bush’s Finest Hour

More than just Trump.

On Thursday, George W. Bush delivered a speech at the “Spirit of Liberty: At Home, In The World” event in New York City. Headlines are touting the speech as an attack on Trumpism. That’s accurate, so far as it goes. But it’s clear from Bush’s words that he was aiming for (and achieved) something loftier than yet another complaint about the 45th president. Bush was making the case against the pervasive discontent that’s driven many citizens throughout the Democratic West to a politics of grievance and revenge. Trumpism is but one example.

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The Danger of the Me Too Campaign

Denunciations.

Silence, Wordsworth wrote, “is a privilege of the grave, a right of the departed. Let him, therefore, who infringes that right by speaking publicly of, for, or against, those who cannot speak for themselves, take heed that he opens not his mouth without a sufficient sanction.”

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Fake News Will Never Die

A problem with no solution.

Though it’s certainly the worst Photoshop job I have ever seen, a provocative image making the rounds on social media also helps demonstrate why the fight against “fake news” is unwinnable.

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The Great Stock Market Crash of 1987

Still the blackest Monday.

Thirty years ago today—October 19th, 1987—the bottom dropped out of the stock market.

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