Paying For Big Government

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The Case for Big Government

Author : Jeff Madrick
Publisher : Princeton University Press
ISBN 13 : 1400834805
Total Pages : 222 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The Case for Big Government by : Jeff Madrick

Download or read book The Case for Big Government written by Jeff Madrick and published by Princeton University Press. This book was released on 2010-02-08 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political conservatives have long believed that the best government is a small government. But if this were true, noted economist Jeff Madrick argues, the nation would not be experiencing stagnant wages, rising health care costs, increasing unemployment, and concentrations of wealth for a narrow elite. In this perceptive and eye-opening book, Madrick proves that an engaged government--a big government of high taxes and wise regulations--is necessary for the social and economic answers that Americans desperately need in changing times. He shows that the big governments of past eras fostered greatness and prosperity, while weak, laissez-faire governments marked periods of corruption and exploitation. The Case for Big Government considers whether the government can adjust its current policies and set the country right. Madrick explains why politics and economics should go hand in hand; why America benefits when the government actively nourishes economic growth; and why America must reject free market orthodoxy and adopt ambitious government-centered programs. He looks critically at today's politicians--at Republicans seeking to revive nineteenth-century principles, and at Democrats who are abandoning the pioneering efforts of the Great Society. Madrick paints a devastating portrait of the nation's declining social opportunities and how the economy has failed its workers. He looks critically at today's politicians and demonstrates that the government must correct itself to address these serious issues. A practical call to arms, The Case for Big Government asks for innovation, experimentation, and a willingness to fail. The book sets aside ideology and proposes bold steps to ensure the nation's vitality.

The False Promise of Big Government

Author : Patrick M. Garry
Publisher : Simon and Schuster
ISBN 13 : 1684516161
Total Pages : 92 pages
Book Rating : 4.6/5 (845 download)

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Book Synopsis The False Promise of Big Government by : Patrick M. Garry

Download or read book The False Promise of Big Government written by Patrick M. Garry and published by Simon and Schuster. This book was released on 2023-07-04 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debate over the size and scope of the federal government has raged since the New Deal. So why have opponents of big government so rarely made political headway? Because they fail to address the fundamental issue. Patrick M. Garry changes that in this short, powerful book. Garry, a law professor and political commentator, debunks the myth that only government can help the average American survive and prosper in today's world. The truth, he reveals, is that big government often hurts the very people it purports to help: the poor, the working class, and the middle class. And the problem is worse than that. He shows that big government actually props up the rich, the powerful, and the politically connected. Garry demonstrates that opponents of big government rely on arguments that are true but fail to address the heart of the issue. Yes, massive government programs are wasteful and impose huge economic costs on America, and yes, many of them violate constitutional provisions. But in focusing on economic and constitutional arguments, proponents of limited government cede the moral high ground to progressives. The truth is that those who claim to speak for the "little guy" actually push for policies that harm the most vulnerable in society. And it is just as true that proponents of limited government don't ignore the working and middle classes but in fact are trying to free those individuals from a government that acts against their interests. In just one hundred pages, The False Promise of Big Government lays out everything you need to know about why big government fails and how to overcome it at last.

Forgotten Americans

Author : Isabel Sawhill
Publisher : Yale University Press
ISBN 13 : 0300241062
Total Pages : 268 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Forgotten Americans by : Isabel Sawhill

Download or read book Forgotten Americans written by Isabel Sawhill and published by Yale University Press. This book was released on 2018-09-25 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sobering account of a disenfranchised American working class and important policy solutions to the nation’s economic inequalities One of the country’s leading scholars on economics and social policy, Isabel Sawhill addresses the enormous divisions in American society—economic, cultural, and political—and what might be done to bridge them. Widening inequality and the loss of jobs to trade and technology has left a significant portion of the American workforce disenfranchised and skeptical of governments and corporations alike. And yet both have a role to play in improving the country for all. Sawhill argues for a policy agenda based on mainstream values, such as family, education, and work. While many have lost faith in government programs designed to help them, there are still trusted institutions on both the local and federal level that can deliver better job opportunities and higher wages to those who have been left behind. At the same time, the private sector needs to reexamine how it trains and rewards employees. This book provides a clear-headed and middle-way path to a better-functioning society in which personal responsibility is honored and inclusive capitalism and more broadly shared growth are once more the norm.

The Big Ripoff

Author : Timothy P. Carney
Publisher : John Wiley & Sons
ISBN 13 : 1118046439
Total Pages : 355 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis The Big Ripoff by : Timothy P. Carney

Download or read book The Big Ripoff written by Timothy P. Carney and published by John Wiley & Sons. This book was released on 2011-01-13 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for THE BIG RIPOFF "Politicians like to say that government is on the side of the little guy. But with impressive documentation and persuasive examples, Tim Carney shows how government power and regulation are typically used to assist the powerful." -Paul A. Gigot Editorial Page Editor, the Wall Street Journal "Exposes the dirty little secret of American politics: how big businesses work with statist politicians to diminish the prosperity and freedom of consumers, taxpayers, and entrepreneurs. Carney employs top-notch writing ability, passion for liberty, and understanding of economics to demolish the myth that big business is a foe of big government. Everyone who seeks to understand who really benefits from big government should read this book, as should anyone who still believes that the interventionist state benefits the average person." -Congressman Ron Paul U.S. House of Representatives, 14th District of Texas "Small entrepreneurial businesses are the backbone success of our great economy. They are the biggest job and wealth creators. Is that why big corpocratic behemoth firms collude with big government for a liberal agenda of higher taxes and overregulation that will punish the small risk-takers? Tim Carney's new book describes how anti-business big business can be." -Lawrence Kudlow Host of CNBC's Kudlow & Company "Tim Carney explodes the myth that big business and big government are natural opponents. All too often, as he points out, they're both engaged in a common enterprise: picking your pocket." -Ramesh Ponnuru Senior Editor, National Review "A romping tour de force of the love affair between big business and big government from Teddy Roosevelt and the Robber Barons to Enron and the Kyoto Treaty. Indispensable for understanding how government regulation really works." -Donald Devine Grewcock Professor of Political Science, Bellevue University "Every CEO in America should read this book today, issue new directives to their bureaucrat-appeasing Washington lobbyist tomorrow, and join in the fight for economic liberalization." -Fred L. Smith, Jr. Founder and President, Competitive Enterprise Institute

Unsustainable

Author : James E Macdougald
Publisher : Marsden House, LLC
ISBN 13 : 9780615381589
Total Pages : 334 pages
Book Rating : 4.3/5 (815 download)

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Book Synopsis Unsustainable by : James E Macdougald

Download or read book Unsustainable written by James E Macdougald and published by Marsden House, LLC. This book was released on 2010-06-14 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: UNSUSTAINABLE is packed with information that is vital to every taxpaying American. It reveals shocking information that has long been hidden from the public. It exposes how governments at every level hide the pay and exorbitant pensions they provide to themselves and use accounting trickery to keep taxpayers from knowing of the enormous costs and long-term liabilities.MacDougald shows how the federal government keeps $106 trillion of debt hidden from taxpayers, and how state and local governments hide another $3 trillion. He exposes exactly how governments often trick taxpayers into agreeing to pay more and more taxes to "save schools" or "provide police protection" when the money really goes to more pay and bigger pensions. UNSUSTAINABLE details how public sector unions have become a "money pump," taking taxpayer dollars paid to public sector workers, then given as union dues, and then used for political contributions to politicians who will support the extraction of even more taxpayer dollars. The provocative and controversial book also documents and exposes the huge financial catastrophe that is about to befall Social Security, "baby boomers" and our younger workers and how it will threaten our economy for decades. UNSUSTAINABLE addresses the "jobs squeeze," detailing how the private sector lost 1.5 million jobs in the last decade even as government grew by 2 million. And it reveals how Congress passes laws that they know violate our Constitutional rights and gets away with it. It is a book that all Americans, no matter what their politics, must read.

Size Matters

Author : Joel J. Miller
Publisher : Thomas Nelson
ISBN 13 : 1418551732
Total Pages : 250 pages
Book Rating : 4.4/5 (185 download)

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Book Synopsis Size Matters by : Joel J. Miller

Download or read book Size Matters written by Joel J. Miller and published by Thomas Nelson. This book was released on 2006-01-01 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your right to pursue happiness has been revoked by Big Government. Thousands of pages of regulations, millions of employees, and trillions of tax dollars . . . Big Government is bigger than ever, and as this bloated behemoth continues to fatten up and stretch out, it squeezes America's entrepreneurs, workers, and families - cutting our choices, limiting our opportunities, and squelching our right to pursue happiness. Every year, taxes increase, regulations pile higher, the cost of living goes up - and our quality of life suffers. So with everyone obsessing about the obesity problem in America, isn't it time we looked at the fat, flabby, overstretched, and overbloated behemoth that is American government? Size Matters shows through facts, figures, and head-spinning stories that as government increases in quantity, we all suffer a loss in life quality. Miller reveals the damning details of Big Government's impact on the lives of ordinary Americans. How it . . . reduces family income drives up the cost of housing, healthcare, and most every other consumer product or service hurts employment misdirects entrepreneurial efforts stifles vital marketplace creativity and innovation Bristling with drama and data, Size Matters reveals the real daily drawbacks of Big Government. It comes down to this . . . Big Government = Huge Problem. Size really does matter. "Miller explains how government overregulation and porkbarrelling are costing Americans money and freedom while politicians and special interests line their pockets. This book should be a political call to arms." -Glenn Reynolds, Instapundit.com; author of An Army of Davids "Great sport! Imagine Thomas Frank if he actually told the truth. Accessible, entertaining, informative, and relevant in the best sense of the word. Read this book and you'll never lose an argument to a liberal again." -Jack Cashill, author of Hoodwinked and Sucker Punch "Miller will make you excited about the potential of America-and spitting mad that Big Government keeps tripping us up." -Star Parker, author of Uncle Sam's Plantation "Who knew that reading about rapacious government growth could be so delectable?" -Nick Gillespie, editor-in-chief, Reason

Feds in the Classroom

Author : Neal P. McCluskey
Publisher : Rowman & Littlefield
ISBN 13 : 9780742548589
Total Pages : 224 pages
Book Rating : 4.5/5 (485 download)

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Book Synopsis Feds in the Classroom by : Neal P. McCluskey

Download or read book Feds in the Classroom written by Neal P. McCluskey and published by Rowman & Littlefield. This book was released on 2007 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal government is deeply entrenched in American public education and virtually dictates what can be taught to students. Why? At what cost? And what are the benefits to public school students? To public schools? The author challenges the constitutionality of the feds in the classroom and reminds readers that public education has, until recently, been the function of state and local governments.

Pay and Pay

Author : Gary Allen
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (144 download)

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Book Synopsis Pay and Pay by : Gary Allen

Download or read book Pay and Pay written by Gary Allen and published by . This book was released on 1974 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Why Government Fails So Often

Author : Peter H. Schuck
Publisher : Princeton University Press
ISBN 13 : 0691168539
Total Pages : 484 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Why Government Fails So Often by : Peter H. Schuck

Download or read book Why Government Fails So Often written by Peter H. Schuck and published by Princeton University Press. This book was released on 2015-08-25 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: "From healthcare to workplace conduct, the federal government is taking on ever more responsibility for managing our lives. At the same time, Americans have never been more disaffected with Washington, seeing it as an intrusive, incompetent, wasteful giant. The most alarming consequence of ineffective policies, in addition to unrealized social goals, is the growing threat to the government's democratic legitimacy. Understanding why government fails so often--and how it might become more effective--is an urgent responsibility of citizenship. In this book, lawyer and political scientist Peter Schuck provides a wide range of examples and an enormous body of evidence to explain why so many domestic policies go awry--and how to right the foundering ship of state.Schuck argues that Washington's failures are due not to episodic problems or partisan bickering, but rather to deep structural flaws that undermine every administration, Democratic and Republican. These recurrent weaknesses include unrealistic goals, perverse incentives, poor and distorted information, systemic irrationality, rigidity and lack of credibility, a mediocre bureaucracy, powerful and inescapable markets, and the inherent limits of law. To counteract each of these problems, Schuck proposes numerous achievable reforms, from avoiding moral hazard in student loan, mortgage, and other subsidy programs, to empowering consumers of public services, simplifying programs and testing them for cost-effectiveness, and increasing the use of "big data." The book also examines successful policies--including the G.I. Bill, the Voting Rights Act, the Earned Income Tax Credit, and airline deregulation--to highlight the factors that made them work.An urgent call for reform, Why Government Fails So Often is essential reading for anyone curious about why government is in such disrepute and how it can do better"--

Democracy in Deficit

Author : James M. Buchanan
Publisher :
ISBN 13 : 9780865972278
Total Pages : 201 pages
Book Rating : 4.9/5 (722 download)

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Book Synopsis Democracy in Deficit by : James M. Buchanan

Download or read book Democracy in Deficit written by James M. Buchanan and published by . This book was released on 2000 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. According to Robert D. Tollison in the foreword, "The central purpose of the book was to examine the simple precepts of Keynesian economics through the lens of public-choice theory. The basic discovery was that Keynesian economics had a bias toward deficits in terms of political self-interest.” Democracy in Deficit opened the door for much of the current work on political business cycles and the incorporation of public-choice considerations into macroeconomic theory. Even in the area of monetarism, Buchanan’s landmark work has greatly influenced the sway of contemporary theorists away from the nearly universally held belief of Keynesian theory. Democracy in Deficit contributes greatly to Buchanan’s lifelong fiscal and monetary rules to guide long-term policy in macroeconomics. The book serves to bolster Buchanan’s central beliefs in the necessity of a balanced-budget amendment to the U.S. Constitution and in monetary rules rather than central bank discretion. The book is co-authored with Richard Wagner, a respected colleague of Buchanan, whom Buchanan recognized as helping to keep the book free of polemics and on target with its central purpose of applying the elementary theory of public choice. James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series will include: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Events Volume 20: Indexes

Arguing with Idiots

Author : Glenn Beck
Publisher : Simon and Schuster
ISBN 13 : 1439166838
Total Pages : 338 pages
Book Rating : 4.4/5 (391 download)

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Book Synopsis Arguing with Idiots by : Glenn Beck

Download or read book Arguing with Idiots written by Glenn Beck and published by Simon and Schuster. This book was released on 2009-09-22 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Glenn Beck, the New York Times bestselling author of The Great Reset, provides the ultimate handbook for tackling and winning life’s most important arguments. FUNNY. FRIGHTENING. TRUE. The #1 New York Times bestseller that gives you the right answers when idiots leave you speechless! It happens to all of us: You’re minding your own business, when some idiot* informs you that guns are evil, the Prius will save the planet, or the rich have to finally start paying their fair share of taxes. Just go away! you think to yourself—but they only get more obnoxious. Your heart rate quickens. You start to sweat. But never fear, for Glenn Beck has stumbled upon the secret formula to winning arguments against people with big mouths and small minds: knowing the facts. And this book is full of them. The next time your Idiot Friends tell you how gun control prevents gun violence, you’ll tell them all about England’s handgun ban (see page 53). When they insist that we should copy the UK’s health-care system, you’ll recount the horrifying facts you read on page 244. And the next time you hear how produce prices will skyrocket without illegal workers, you’ll have the perfect rebuttal (from page 139). Armed with the ultimate weapon—the truth—you can now tolerate (and who knows, maybe even enjoy?) your encounters with idiots everywhere! *Idiots can’t be identified through voting records; look instead for people who hide behind stereotypes, embrace partisanship, and believe that bumper sticker slogans are a substitute for common sense.

The Big Handout

Author : Thomas Kostigen
Publisher : Scribe Publications
ISBN 13 : 1921942576
Total Pages : 305 pages
Book Rating : 4.9/5 (219 download)

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Book Synopsis The Big Handout by : Thomas Kostigen

Download or read book The Big Handout written by Thomas Kostigen and published by Scribe Publications. This book was released on 2012-05-23 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just reading the word ‘subsidies’ may cause many people’s eyes to glaze over. We don’t think it affects us directly, so we tune out. But it turns out that this complicated-sounding issue has an enormous impact on all of us. The Big Handout is about bad fiscal, environmental, agricultural, water, energy, health, and foreign policies. And it’s a story about just one thing — subsidies. A subsidy is a grant by the government to a private business that is deemed advantageous to the public. Cotton, wheat, corn, soy, and oil are the most subsidised commodities in the United States. In this eye-opening book, New York Times–bestselling author Thomas Kostigen explores government policies that cost US taxpayers $200 billion per year, or over $1,500 per household. In some cases, they pay more for subsidised goods than they’d pay in a free market — and, in the most shocking abuses of the subsidy system, they pay for goods that aren’t even produced. The Big Handout exposes how artificial pricing hurts US citizens and people worldwide, from our waistlines and pocketbooks to our health. By revealing just how toxic America’s subsidy system has become for everyone — including the way it distorts the prices of goods produced by genuinely free-trade countries such as Australia — The Big Handout is a wake-up call for farmers, consumers, and politicians.

Breaking Big Money's Grip on America

Author : Bruce M. Berlin
Publisher :
ISBN 13 : 9780996623209
Total Pages : 0 pages
Book Rating : 4.6/5 (232 download)

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Book Synopsis Breaking Big Money's Grip on America by : Bruce M. Berlin

Download or read book Breaking Big Money's Grip on America written by Bruce M. Berlin and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is an urgent call to all Americans to focus on a critical issue: huge sums of money unjustly influencing US elections and public policy. Some people see the United States as a plutocracy runby and for the very rich. Breaking Big Money's Grip on America provides convincing evidence to support this view and explores how a nationwide Democracy Movement can overcome Big Money's control and convert our government into one that serves the needsof the American people. It also demonstrates why Breaking Big Money's grip is critical to solving other crucial issues like gun violence and income inequality. Whether you are a conservative, moderate, liberal, or progressive, your participation is vital for fixing our broken political system.

Make America Healthy Again

Author : Nicole Saphier
Publisher : HarperCollins
ISBN 13 : 0062961020
Total Pages : 258 pages
Book Rating : 4.0/5 (629 download)

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Book Synopsis Make America Healthy Again by : Nicole Saphier

Download or read book Make America Healthy Again written by Nicole Saphier and published by HarperCollins. This book was released on 2020-04-21 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: NATIONAL BESTSELLER! If Americans want to know why their health care is so costly and getting costlier, they need only look in the mirror. Americans are notoriously unhealthy—we eat too much, drink too much, and sit too much. When roughly 80 percent of cardiovascular disease and 40 percent of all cancer cases could be prevented by simple lifestyle changes, it is time to take a deeper look at the problem and ask who is truly responsible. Consider that: · After seventy years of innovation, heart disease and cancer remain the top two causes of death in the United States. · In 1960, health care spending was 5 percent of America's GDP; today, it is 17.5 percent. · The government spends over $1 trillion annually on health care. · Nearly one in five American deaths is associated with poor diets. · Simply reducing sodium intake by 1,200 mg per day could save up to $20 billion a year in medical costs. In Make America Healthy Again, Nicole Saphier, a Memorial Sloan Kettering physician, nationally recognized patient advocate, and media personality, reveals how individual negligence and big government incompetence have destroyed America’s health care system. Combining historical events, economic trends, and essential lifestyle advice, with her unique perspective, she offers concrete solutions to address this epic problem. We don’t need socialized medicine—we need to take better care of ourselves. By getting healthier and adopting preventative measures, Saphier believes, we can reduce the astronomical costs of treatment and improve overall care. The only way to lower medical costs for everyone is to stop incentivizing bad health decisions. Policies such as the Affordable Care Act and single-payer plans ignore something crucial to lowering the overall financial burden: personal responsibility. We can no longer expect doctors and the government to fix illnesses we have the power to prevent. Regardless of which health policy is adopted, our nation will flounder unless we take action. It is up to the American people to make America healthy again.

The Battle

Author : Arthur C. Brooks
Publisher : Basic Books
ISBN 13 : 0465027873
Total Pages : 209 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Battle by : Arthur C. Brooks

Download or read book The Battle written by Arthur C. Brooks and published by Basic Books. This book was released on 2011-07-05 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: America faces a new culture war. It is not a war about guns, abortions, or gays -- rather it is a war against the creeping changes to our entrepreneurial culture, the true bedrock of who we are as a people. The new culture war is a battle between free enterprise and social democracy. Many Americans have forgotten the evils of socialism and the predations of the American Great Society's welfare state programs. But, as American Enterprise Institute's president Arthur C. Brooks reveals in The Battle, the forces for social democracy have returned with a vengeance, expanding the power of the state to a breathtaking degree. The Battle offers a plan of action for the defense of free enterprise; it is at once a call to arms and a crucial redefinition of the political and moral gulf that divides Right and Left in America today. The battle is on, and nothing less than the soul of America is at stake.

Small Property Versus Big Government

Author : Clarence Y. H. Lo
Publisher : Univ of California Press
ISBN 13 : 9780520200289
Total Pages : 316 pages
Book Rating : 4.2/5 (2 download)

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Book Synopsis Small Property Versus Big Government by : Clarence Y. H. Lo

Download or read book Small Property Versus Big Government written by Clarence Y. H. Lo and published by Univ of California Press. This book was released on 1995-01-01 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax reformers, take note. Clarence Lo's investigation of California's Proposition 13 and other tax reduction bills is both a tribute and a warning to people who get "mad as hell" and try to do something about being pushed around by government. Homeowners in California, faced with impossible property tax bills in the 1970s, got mad and pushed back, starting an avalanche that swept tax limitation measures into state after state. What we learn is that, although the property tax was slashed, two-thirds of the benefits went to business owners rather than homeowners. How did a crusade launched by homeowning consumers seeking tax relief end up as a pro-business, supply-side political program? To trace the transformation, Lo uses the firsthand recollections of 120 activists in the movement, going back to the 1950s. He shows how their protests were ignored, until a suburban alliance of upper-middle-class property owners and business owners took charge. It was the program of that latter group, not the plight of the moderate-income homeowner, which inspired tax revolts across the nation and shaped the economic policies of the Reagan administration. Tax reformers, take note. Clarence Lo's investigation of California's Proposition 13 and other tax reduction bills is both a tribute and a warning to people who get "mad as hell" and try to do something about being pushed around by government. Homeowners in California, faced with impossible property tax bills in the 1970s, got mad and pushed back, starting an avalanche that swept tax limitation measures into state after state. What we learn is that, although the property tax was slashed, two-thirds of the benefits went to business owners rather than homeowners. How did a crusade launched by homeowning consumers seeking tax relief end up as a pro-business, supply-side political program? To trace the transformation, Lo uses the firsthand recollections of 120 activists in the movement, going back to the 1950s. He shows how their protests were ignored, until a suburban alliance of upper-middle-class property owners and business owners took charge. It was the program of that latter group, not the plight of the moderate-income homeowner, which inspired tax revolts across the nation and shaped the economic policies of the Reagan administration.

Government's Place in the Market

Author : Eliot Spitzer
Publisher : MIT Press
ISBN 13 : 0262295113
Total Pages : 96 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Government's Place in the Market by : Eliot Spitzer

Download or read book Government's Place in the Market written by Eliot Spitzer and published by MIT Press. This book was released on 2011-04-18 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his first book, the former New York governor and current CNN cohost offers a manifesto on the economy and the public interest. As New York State Attorney General from 1998 to 2006, Eliot Spitzer successfully pursued corporate crime, including stock price inflation, securities fraud, and predatory lending practices. Drawing on those experiences, in this book Spitzer considers when and how the government should intervene in the workings of the market. The 2009 American bank bailout, he argues, was the wrong way: it understandably turned government intervention into a flashpoint for public disgust because it socialized risk, privatized benefit, and left standing institutions too big to fail, incompetent regulators, and deficient corporate governance. That's unfortunate, because good regulatory policy, he claims, can make markets and firms work efficiently, equitably, and in service of fundamental public values. Spitzer lays out the right reasons for government intervention in the market: to guarantee transparency, to overcome market failures, and to guard our core values against the market's unfair biases such as racism. With specific proposals to serve those ends—from improving corporate governance to making firms responsible for their own risky behavior—he offers a much-needed blueprint for the proper role of government in the market. Finally, taking account of regulatory changes since the crash of 2008, he suggests how to rebuild public trust in government so real change is possible. Responses to Spitzer by Sarah Binder, Andrew Gelman, and John Sides, Dean Baker, and Robert Johnson, raise issues of politics, ideology, and policy.