President Trump’s Economic Resolution

Newly-inaugurated President Donald Trump has a prime opportunity, with a Republican-controlled House and Senate, to be an advocate for the significant economic reforms that our country desperately needs. Since the Great Recession, the economy has been limping along, exhibiting anemic growth that is both shameful yet unsurprising. In fact, president Barack Obama is the first president without a single year of 3% GDP growth during his administration. Continuing the overall trend of an ever-increasing presence of the federal government meddling in our economy whether it be through regulations, mandates, price…

The Compounding, Self-Fulfilling Prophecy of Government Growth at the Expense of Markets

Lately, there has been a growing anti-capitalism sentiment in the United States. A recent Harvard University study found that a majority of 18-29 year olds reject capitalism and exactly one-third (33 percent) said that they support socialism. There has been much speculation as to why the country is shifting away from its foundational economic system towards the system that has grown globally popular in the wake of the fall of state-instituted Marxism. However, it is my belief that the problem with these speculations is in their premises, not in the…

Pope Francis’ Utopia: A Moral Free Market Society, or a Catholic Socialist State?

Pope Francis has used the “Chair of Saint Peter” in ways that seem, to many people, “political.” Whether through his actions to promote relations between the U.S. and Cuba, or through democratic socialist Bernie Sanders’ visit to Vatican City, Pope Francis has displayed a message that, from afar, can be seen as encouragement for socialist reform. The question is whether or not this reform is one that uproots the basic bedrock of capitalism, directing nations toward socialism, or if it is strictly a moral outcry, a plea to the starved…

America’s Student Loan Crisis: What’s Going Wrong and How Can We Fix It?

The topic of student loans was one of the more prominent issues discussed in the election season. The price of tuition for colleges in the United States is rising alarmingly. “The average annual increase in college tuition from 1980-2014 grew by nearly 260% compared to the nearly 120% increase in all consumer items,” according to Business Insider. Student loan debt has now surpassed $1.3 trillion in the U.S. Government subsidization of college education, coupled with increasing demand, has contributed to this large increase in both tuition prices and student loan debt.…

The War on Wealth

The modern liberal movement has branded itself with an emphasis on fairness and equality. This has led to great social change in the country, notably successful legislation for gay and minority rights. However, the left has parlayed this momentum into the realm of economics, where their interpretations are completely misplaced. Using similar catchphrases to those which accompanied their civil rights triumphs, they have gained much public favorability in economic policies that, when analyzed in depth, are contradictory to their values of fairness and equality. The relatively successful presidential campaign of…

How the Tax Code Can Help Bridge the Racial Wealth Gap

As a volunteer income tax preparer in the Bronx, I’ve worked with residents whose adjusted gross income often drops below the federal poverty line. Many of them are black, and their tax returns usually involve one or two sources of wage income or Social Security benefits. Rarely have they accumulated interest or capital gains, so their wealth is all but non-existent. Unfortunately, this is the story for many black households who hold up to nearly 13 times less wealth than their white counterparts. For them, though, tax season is not…

Trump Can Save Republicans from Getting Trumped in November

Given the current state and controversy within the GOP, I write as a concerned member of the Republican Party. More importantly, I write as a citizen concerned about the fate of this nation. Although a Trump supporter, I hope to separate myself from the bias that comes with this support and write on the circumstances that have allowed Donald Trump to redefine conservatism in the 2016 primary elections. Appealing to some and horrifying to others, Trump has used the American people’s distrust of the current political system to tactfully position…

Would a “Brexit” break Britain?

The issue of Britain remaining in the European Union and the consequences of a potential British exit — sometimes shortened to “Brexit” — from the European Union, have come to the forefront of public debate with the upcoming referendum vote this June. While some say that Britain’s egress from the EU would benefit it economically, others argue that the opposite is true, and that there would be detrimental economic consequences for Britain and Europe. In truth, the issue is much more complex and multifaceted. A possible Brexit must be looked…