Policy

The New Deal at 75: An Inspiration, Not a Blueprint

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Whatever your political perspective, Americans need to admire the New Deal for, if nothing else, its ambitious agenda. In a way unparalleled in the 20th Century, the New Deal left us a legacy of achievement – one that we can still see in big cities like San Francisco and small towns like Wishek, North Dakota.  read more »

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Local Empowerment Should Be About Local Matters

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I’ve generally been someone who wants to see local governments have more power and flexibility to meet local needs. My rationale is simple. States are full of diverse communities that are a bad fit for one size fits all policies. Chicago, Danville, Peoria, Cairo, etc. are radically different places. They have different circumstances, needs, and local priorities. Hence it makes sense for them to have the ability to chart their own course to some degree. Some states have accommodated this to some extent through classes of cities with different powers based on size.  read more »

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Does the Tax Code Favor Homeowners?

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For many years, a common complaint has been that the provisions of the Federal Internal Revenue Code, and most state income tax codes, favor homeownership in the form of major tax deductions for mortgage interest and property taxes. With the exception of those who reside in government housing of some type (subsidized apartments, public college dormitories, military housing, jails and penitentiaries), the homeless, almost all U.S. residents either live in a home they, or their family, owns or is paying off the mortgage, or they rent.  read more »

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How To Deal With An Age of Disasters

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When Hurricane Harvey flooded Houston, followed by a strong hurricane in Florida, much of the media response indicated that the severe weather was a sign of catastrophic climate change, payback for mass suburbanization — and even a backlash by Mother Nature against the election of President Donald Trump.  read more »

California Politicians Not Serious About Fixing Housing Crisis

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California’s political leaders, having ignored and even abetted our housing shortage, now pretend that they will “solve it.” Don’t bet on it.  read more »

Spotlight on Infrastructure After Harvey

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The recent tragic events in Houston and across the Gulf Coast once again demonstrated the woeful inadequacy of our infrastructure. Hopefully, some good will come of Hurricane Harvey. Hopefully, it will jump-start the long-awaited Trump initiative on infrastructure, which may be the one issue that could unite this country.  read more »

Post-Work Won’t Work

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Proposals to institute a basic income are increasingly popular, especially in Silicon Valley. Philippe Van Parijs and Yannick Vanderborght make their case for it in Basic Income: A Radical Proposal for a Free Society and a Sane Economy. A basic income—an annual, unconditional cash grant to every adult, regardless of need, and without a work requirement to obtain it—would be non-taxable and total about 25 percent of GDP.  read more »

The Great Transit Rip-Off

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Over the past decade, there has been a growing fixation among planners and developers alike for a return to the last century’s monocentric cities served by large-scale train systems. And, to be sure, in a handful of older urban regions, mass transit continues to play an important — and even vital — role in getting commuters to downtown jobs. Overall, a remarkable 40 percent of all transit commuting in the United States takes place in the New York metropolitan area — and just six municipalities make up 55 percent of all transit commuting destinations.  read more »

A Different Kind of Border Wall

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To slow mass migration, stop the illicit capital flight from poor to rich countries.

An asset manager called ____ Capital recently sent out this email seeking referrals:  read more »

A New Way Forward on Trade and Immigration

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President Donald Trump’s policy agenda may seem somewhat incoherent, but his underlying approach — developed, in large part, by now-departed chief strategist Steve Bannon — can be best summarized in one word: nationalism. This covers a range of issues from immigration and trade to cultural and ethnic identity, and generally the ones with the most polarizing impact on our political system.  read more »