- Mamdani’s New York: “residents of New York City already face a combined state, local, and federal top marginal income tax rate of 51.776 percent. New York has the highest per-pupil school spending in America, and the transit authority has the highest operating costs for buses and nearly the highest for subways in the country.”
- The number of veterans receiving a 100 percent disability rating has surged in recent years. (WaPo)
- Nordhaus: Global Warming is not going to be as bad as we thought.
- Incentives matter for the discovery of new drugs.
- How AI affects the discovery of new drugs.
- Why do so many Americans lack vision care insurance?
Category: John C. Goodman
What Do We Know About Socialism?
“Bolivarian socialism” … took Venezuela from being South America’s richest country to a humanitarian catastrophe. Sweden attempted a form of socialism in the 1970s and ’80s, only to reverse course after it experienced massive capital flight and a financial crisis during which interest rates hit 75 percent. France’s Socialist government imposed a 75 percent tax on earnings over one million euros in 2012; it dropped the tax two years later as the wealthy packed their bags. Britain’s National Health Service, whose advocates chronically complain is “underfunded,” is in a state of perpetual crisis even as health care, according to the BBC, gobbles up roughly one third of government spending.
Source: Bret Stephens, New York Times
Wednesday Links
- The down side of weight loss drugs.
- WaPo: provider directory for Medicare Advantage plans is defective.
- Against the Trump administration’s views on autism. (Statnews)
- Enbrel, the blockbuster arthritis drug sold by Amgen, has a 30-year old monopoly and sells for a sticker price of $106,000. (NYT)
- Over the past decade, New York and New Jersey have lost 3 million citizens, taking with them $700 billion in combined personal income.
- Food stamps: One person was receiving them in six different states.