In the City Journal, E.J. McMahon bemoans New York Governor Kathy Hochul’s plan to distribute “inflation refunds” of surplus sales tax revenue to middle/lower-income state residents. Inflation-indexing the state’s income tax code, McMahon notes, would be fairer and more effective – as well as ongoing – but instead Hochul is doling out one-time cash to her voting base.
Forget Everything I Said, or Backing Slowly out of the Echo-Chamber
Climate catastrophism suffered a Category 5 event with the recent confessional by Ted Nordhaus, among the world’s foremost prophets of doom, that he had it wrong all along. The models that forecast runaway global warming, Nordhaus writes in The Free Press, assumed simultaneously soaring populations, booming economies and flatlining technological improvement which, Nordhaus has belatedly recognized, simply can’t all occur at the same time.
