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The Happy, Healthy Capitalists of Switzerland

Sunday, November 10th, 2019

Capitalist to its core, Switzerland imposes lighter taxes on individuals, consumers and corporations than the Scandinavian countries do. In 2018 its top income tax rate was the lowest in Western Europe at 36 percent… A pragmatic country can have a business-friendly environment alongside social equality, if it gets the balance right.

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We Need a New Capitalism

Sunday, November 10th, 2019

First, business leaders need to embrace a broader vision of their responsibilities… This requires that they focus not only on their shareholders, but also on all of their stakeholders — their employees, customers, communities and the planet… suggesting that companies must choose between doing well and doing good is a false choice. Successful businesses can and must do both… Research shows that companies that embrace a broader mission… outperform their peers, grow faster, and deliver higher profits.

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Should We Soak the Rich? You Bet!

Sunday, October 20th, 2019

As a society, instead of playing Robin Hood to smooth out the inequities, we’ve played the Sheriff of Nottingham. Lawrence Summers, the economist and former Treasury secretary, has calculated that if we had the same income distribution today as we had in 1979, the bottom 80 percent would have about an extra $1 trillion each year and the top 1 percent would have about $1 trillion less.

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Blame Economists for the Mess We’re In

Sunday, September 1st, 2019

Markets are constructed by people, for purposes chosen by people — and people can change the rules. It’s time to discard the judgment of economists that society should turn a blind eye to inequality. Reducing inequality should be a primary goal of public policy.

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New Weapons Against Cancer: Millions of Bacteria Programmed to Kill

Sunday, July 21st, 2019

Scientists have used genetically reprogrammed bacteria to destroy tumors in mice. The innovative method one day may lead to cancer therapies that treat the disease more precisely, without the side effects of conventional drugs… an additional benefit. After they killed off one tumor with bacteria, other tumors in the mice also shrank. It is possible that the bacteria helped the immune system learn to recognize other cancer cells.

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Everyone’s Income Taxes Should Be Public

Sunday, April 14th, 2019

Calling for more disclosure may seem discordant at a time of growing concern about privacy. But income taxation is an act of government, not an aspect of private life. Property tax records provide a reasonable model. Local governments disclose the name of the property owner, the value of the property and the amount of taxes owed and paid. The same information should be available for income taxes — nothing more is necessary.

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Thank God for Canada!

Thursday, February 7th, 2019

For aid programs in the developing world… Canada champions programs that are extremely cost-effective but so deathly boring that they will never be discussed on TV — initiatives like iodizing salt to prevent mental impairment…. Off the ice, Canadians pursue policies that are preternaturally sensible. Canadians regulate guns, oversee the banking sector so as to avoid financial crashes, and nurture entrepreneurship and economic growth without enormous inequality.

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