Richard Epstein provides an in-depth history of takings law, examining the protections against government appropriation of private property. Along the way he considers the recent Supreme Court ruling in Knick v. Township of Scott, Pennsylvania, which greatly expands the rights of property owners.
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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.
October 21, 2026
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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.
October 22, 2026
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Why we still need democratic reform.
October 21, 2026
