Hoover Institution fellows Richard Epstein and Adam White discuss Senator Elizabeth Warren’s call for an unprecedented “wealth tax,” and the constitutional problems that it raises. They also discuss the Supreme Court’s upcoming case on judicial “deference” to agencies’ legal interpretations (Kisor v. Wilkie).
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So much for escaping the oddities of California politics—not when the governor suffers from wanderlust (it helps to have a compliant Legislature), billionaires can’t agree on campaign tactics, and a former House speaker applies a heavy hand in the race to succeed her in Congress.
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We provide the first direct estimates of the effects of minimum wages on low-wage workers in families at different points of the distribution of income-to-needs, using data from the Survey of Income and Program Participation, which oversamples low-income families.
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