Wealth & Poverty Review | Page 4

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American Soldiers and US Flag. US Army

Veterans Day Properly Understood Is About Sacrifice and Accountability

Our enemies certainly find solace when Americans engage in self-immolation. Thus, Veterans Day, which was originally founded around the virtue of the cessation of hostilities in war rather than the commemoration of any individual, should be a holiday beyond reproach. Read More ›
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Affordable Housing Owner Sues City of Seattle: Unpacking the Lawsuit

Last week, GRE Downtowner, LLC (GRE) filed a lawsuit against the City of Seattle, arguing that the city’s policies have destroyed the livability and economic viability of GRE’s Addison on Fourth apartment building. The Addison on Fourth is an affordable housing building nestled between Seattle’s historic Pioneer Square and Chinatown-International District. The lawsuit alleges that the city has forced the Addison to either continue operations in service of a public good at a massive private loss, or to shut down operations entirely. Both options GRE describes as “disastrous.” To understand why a privately-owned housing building is in default, facing over $40 million in liabilities, and “hemorrhaging money,” in an affluent west-coast city, we must look at a series of Seattle Read More ›

Seattle overregulation-7

Washington Law Unfairly Keeps Prior Evictions Off Tenant Screenings

When it comes to tenant’s rights laws, good intentions don’t always lead to good or fair outcomes. One example is a Washington State law that allows tenants to keep their eviction from being disclosed to future housing providers. The state allows an order of limited dissemination (OLD) to be filed for eviction cases to prevent housing providers from denying tenants due to a previous eviction. Read More ›
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Tax Concept: Stacks of Coins Symbolize

Now Let’s Get Rid of the Income Tax

Presidential Candidate Donald Trump recently floated the idea of getting rid of the Income Tax completely. I think this is a great idea — and so did the Founders themselves, who effectively barred Direct Taxes in the Constitution, including the Income Tax, until it was legalized in the Sixteenth Amendment of 1913. Before 1913, there was no Income Tax in the United States. Read More ›
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Happy Columbus Day concept. Vintage American flag with compass and retro treasure manuscript. Flat lay, top view with copy space.

Why Columbus Day Remains a Foundational American Holiday

Seen within the big picture, Columbus Day is worth keeping and honoring as a great American holiday because it remains foundational to the establishment of a new nation by people who largely shared his qualities of character: self-made, adventurous, and reverent toward God. Read More ›
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Image by Michael Vadon at Wikimedia Commons: https://commons.wikimedia.org/wiki/File:Donald_Trump_at_Aston,_PA_September_13th_(a).jpg

Trump’s Tax Plan Will Be Fine

The Great Depression got started with the passage of the Smoot Hawley Tariff in the United States, by the Republican Party, which immediately set off a cascade of retaliatory tariffs worldwide. This alone did not cause the Great Depression, but it did cause the initial downturn. This was followed by a long string of bad decisions in reaction to that downturn, such as Republican Herbert Hoover's 1932 tax increase which took the top income tax rate from 25% to 63%. Read More ›