Misha and John discuss whether the coronavirus pandemic will help or harm China’s standing in the world. They begin by welcoming Misha’s new book, Asia’s New Politics: Essays on Reshaping the Into-Pacific, out this May from Hoover Institution Press. They turn to the lessons from the different responses to the pandemic in China, East Asia, Europe, and the United States. They argue over whether China’s public relations campaign to defend itself will succeed, whether China’s relative power and influence in the world will increase or decrease because of its public health failures, and what policies we should adopt toward China now.
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[Subscription Required] The history of wealth taxes is that they raise much less revenue than hoped as targeted taxpayers find ways to avoid them. That looks to be the case with California’s wealth tax ballot measure (Proposition 40), which a new paper by the Hoover Institution’s Joshua Rauh and Benjamin Jaros estimates will result in a net revenue loss of $38.9 billion.
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Hoover Institution fellow Robert E. Hall's 2026 Nobel win offers an opportunity to recall another of his major contributions with Hoover Institution fellow Alvin Rabushka: the idea of a single flat tax. They proposed a flat tax that would simplify tax collection and increase investment in physical and human capital, without abandoning the idea of progressive taxes.
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Managing the profound change demands harnessing advantages, mitigating risks, and creating careful legislation.
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