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Curated by Project Syndicate

The Taxman Cometh

3 commentaries

“The spirit of a people, its cultural level, its social structure, the deeds its policy may prepare – all this and more is written in its fiscal history,” Joseph Schumpeter once observed. How, then, should we view Donald Trump's proposed US tax reforms, and the apparent willingness of Republicans who posed as fiscal hawks during the Obama presidency to add $2 trillion to the federal budget deficit over the next decade?

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  1. op_meng1_Patrick Pleulpicture alliance via Getty Images_pension Patrick Pleul/picture alliance via Getty Images

    Saving America’s Public Pensions

    Ben Meng

    Although the plight of major US public pension funds is nothing new, the gap between actual and assumed returns is widening faster than ever, owing to today's ultra-low interest rates. But these funds also have inherent advantages that, if used wisely, can place them on a much sounder financial footing.

    explains how struggling institutional investors can meet their goals in today's financial environment.
    1

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