Report From Ho Chi Minh City: Capitalists Won the War After All

Twenty-one years and two months have passed since the last American helicopter left Saigon, leaving behind a war-torn country in the wake of a humiliating U.S. military defeat. For Americans who lived through that era, the casualty statistics are still haunting: more than 58,000 names grace the Vietnam Veterans Memorial in our nation's capital and Vietnamese casualties may have exceeded two million.

Taxpayer Choice

After more than 30 years of the War on Poverty, the federal government has proven one thing: it does a bad job of dispensing welfare. Hardly anybody is happy with the result. However, there is a better alternative: taxpayer choice.

Fighting the Rising Tax Burden

Recently released data from the Department of Commerce reveal that federal, state and local taxes consumed a record 31.3 percent of gross domestic product last year – the highest level in U.S. history. Even at the height of World War II in 1945 total taxes only consumed 25 percent of GDP.

The Economic Effects of A Flat Tax

Using an economic model published in several peer-reviewed journals – a computable general equilibrium (CGE) model – this study examines the effects of a 17 percent flat tax on the various sectors of the economy, on the income of different income groups and on government revenues.