Poverty

On the 25th Anniversary of Welfare Reform, a Study Asks How It Worked

"Each big anniversary of the 1996 welfare reform . . . sees an outpouring of retrospectives . . . It’s long been clear that single mothers flooded into the labor force after the reform, and that their income went up. What’s less clear is whether some particularly disadvantaged families were left behind, and how overall well-being changed for the affected households." - IFS

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The fallacy of capitalism’s ‘race to the bottom’

"The Biden administration proposes a global minimum tax on corporations to end the 'global race to the bottom.' Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty." - Acton

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