Senator Elizabeth Warren (D-MA) recently revived her campaign proposal for a wealth tax on taxpayers with a net worth exceeding $50 million. Unfortunately, the plan retains the same defects as her previous proposals to tax wealth, along with the same distortions she used to defend it last time.
Warren’s proposal, introduced along with companion legislation in the House sponsored by Rep. Jayapal (D-WA) and Rep. Boyle (D-PA), would tax wealth above $50 million at a rate of 2 percent, and wealth above $1 billion at a rate of 3 percent.
Senator Warren has routinely presented her wealth tax proposal as a minor, moderate tax on the ultra-wealthy. Just as she did on the presidential campaign trail, Warren is describing her plan as a “two cent” tax. This dishonest framing allows Warren to pretend that the tax is small. Read More
Twenty years ago, No Child Left Behind (NCLB), the legislation intended to save American children from stupidity and the “soft bigotry of low expectations,” became law. Ten years later, Common Core came to the fore. They both failed. Like all liberal ideas, they started with good intentions and government intervention and ended in cheating, lying, and wasted taxpayer money. Read More
Over half a million people have signed a White House petition calling for an investigation into a conspiracy theory involving Bill and Melinda Gates.
Created by “C.S.” on April 10, the petition demands that the Bill and Melinda Gates Foundation be investigated for medical malpractice and crimes against humanity. There is no evidence to support these claims. The petition has 621,609 signatures as of Monday evening. Read More
Students attending K-12 public schools in Tennessee are struggling to perform above average on national standardized tests. Partially adopted in 2010 and fully implemented by the 2013-14 school year, Common Core State Standards (CCSS) failed to produce the academic results expected. The Tennessee Department of Education and Governor Bill… Read More
Hamilton County Mayor Jim Coppinger on Tuesday presented a budget that includes a 34-cent property tax increase for the school system, The Chattanoogan reported. The proposed budget does not include any increase for the county general budget, the publication said. Coppinger had previously talked about including 15 cents for… Read More
Bill Gates says he will continue to pour his foundation’s money into Tennessee education initiatives and he seemed to endorse a proposed 17 percent Hamilton County property tax increase, according to an interview with the Chattanooga Times Free Press. The interview is available here. The Bill and Melinda Gates… Read More
by Jason Hopkins The Trump administration’s hardening stance with China is affecting Bill Gates’s ambitions to develop a cheaper, safer nuclear reactor that could prove to be a game changer for the U.S. energy industry. Gates — the founder of Microsoft who has since embarked on a number of… Read More
by Jason Hopkins Bill Gates, writing in a year-end blog post, shot down the idea that renewable energy alone can sufficiently reduce carbon emissions and address the world’s fight against climate change. “Some people think we have all the tools we need, and that driving down the cost of… Read More
Reuters Billionaire Bill Gates and Estée Lauder Cos chairman emeritus Leonard Lauder on Tuesday said they will award $30 million over three years to encourage development of new tests for early detection of Alzheimer’s disease. For Microsoft co-founder Gates, launch of the Diagnostics Accelerator program follows an announcement in November of a… Read More
by Rob Shimshock Billionaire philanthropist Bill Gates’ $215 million investment in education was a colossal failure, according to a report by the RAND Corporation and the American Institutes for Research. But the foundation emphasized Friday some of the initiatives “important outcomes.” The Bill & Melinda Gates Foundation donated the… Read More
Microsoft co-founder Bill Gates announced Monday that he is investing $50 million to fund research into treatment for Alzheimer’s disease. Gates, in an entry on his blog, said he was making the investment from his personal fortune and not with his charitable Bill & Melinda Gates Foundation. “Of all the… Read More