OECD's report touts the virtues of the EITC as a wage subsidy for low-income workers that both encourages work and reduces poverty. They go on to emphasize an EITC reform that we too have gotten solidly behind.
One out of every 7 dollars spent in the U.S. is spent containing violence. Is this really how we want to measure America's success, how we want to develop as a society, and how we want to leave the world for our children and our children's children?
In a year, the iPhone 5 will be the world's most expensive paper weight. But throughout the 21st century, the fate of aging populations will parallel -- and determine -- the fate of the rest of society.
I am surprised that they did not happen in 2008 at the height of the financial collapse. We've known the root of this discontent for years, if not decades. It has to do with America's growing poverty and income inequality rates.