August 16, 2024
On the surface, Kamala Harris’s proposal to provide $25,000 in down-payment assistance to first-time homebuyers looks to be an incentive for upward mobility. Historically, homeownership has been the foundation for wealth creation for those of modest means. On closer inspection, however, down-payment assistance sends the wrong message — not only because already high home prices are likely to…
August 15, 2024
A recent study confirms that universal basic income—no-strings-attached benefit checks offered to recipients regardless of need or contribution to the program—discourages work. That’s relevant to the presidential race. Kamala Harris has called more than once for paying UBI-like benefits. Participants in the UBI program worked nearly 1½ hours less a week on average, and unemployment rose. Other adults in…
August 15, 2024
In the wake of the media storm generated by Republican vice presidential candidate J.D. Vance’s comment about “childless cat ladies,” fertility in America has vaulted to the top of the national conversation, with good reason. The fertility rate has hit a record low in the United States, with the average American woman now expected to have just…
August 6, 2024
Debate over the potential renewal of the so-called Trump tax cuts of 2017 will be building as their expiration approaches next year. The focus will likely be on corporate and personal tax rates. But there’s a less-appreciated but consequential side effect of the Tax Cuts and Jobs Act: its impact on charitable giving. Simply put,…
August 1, 2024
As a U.S. senator, Vice President Kamala Harris had a remarkably slim record of accomplishments, shepherding only a handful of minor resolutions across the finish line. But that’s far from the last word on her legislative record. In fact, two bills she introduced (that went nowhere) may best define her past, and potential future, priorities…
July 29, 2024
What makes a marriage succeed or fail? To answer this question, psychologist John Gottman set up what came to be known as the “Love Lab” at the University of Washington in Seattle. Couples were invited to spend a weekend in a plush apartment with scenic views as Gottman and his team monitored their body language,…
July 14, 2024
When my daughter was 16 and was offered a job as a lifeguard, her boss told her she’d need to have her own bank account in order to be paid. No one gets checks anymore, just direct deposit. So I took her to our local bank branch and helped her open an account. This process…
June 26, 2024
To what lengths should we go to reduce racial disparities in the child welfare system? In 2021 the Los Angeles County Board of Supervisors voted to require the Department of Children and Family Services to pilot a program of “blind removals.” The program, which had been tried to great fanfare in a couple of other jurisdictions, essentially…
June 26, 2024
Editor’s note: This is one of a pair of essays responding to the Economic Innovation Group’s report, “The American Worker: Toward a New Consensus”, by Adam Ozimek, John Lettieri, and Benjamin Glasner. The other is by Paul Krugman of the New York Times. To the Economic Innovation Group’s attempt to articulate a “new consensus” about the American…
June 23, 2024
How is it that in the richest country on Earth, life expectancy has been falling? This is the question that many policymakers and consumers of news have been asking themselves of late. Between COVID-19, drugs and the consequences of obesity (including high blood pressure and cardiovascular problems), we are digging ourselves an early grave. Still,…