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Articles on Fiscal policy

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Crews clear lots of destroyed homes in Fort Myers Beach, Fla., in February 2022, four months after Hurricane Ian. Joe Raedle/Getty Images

Climate change is a fiscal disaster for local governments − our study shows how it’s testing communities in Florida

A new study of Florida’s fiscal vulnerability to climate change finds that flooding directly threatens many local tax bases.
South Africa President Cyril Ramaphosa: His party’s 2022 elective conference and the country’s 2024 national elections will define political choices. Getty Images

South Africa faces a slowly worsening chronic fiscal crisis

National Treasury’s strategy to overcome South Africa’s chronic fiscal crisis rests on highly uncertain political and economic foundations.
U.S. Rep. Alexandria Ocasio-Cortez making a fashion statement. Ray Tamarra/GC Images via Getty Images

‘Tax the rich’? Democrats’ plans to make the wealthy pay a little more will barely dent America’s long slide from progressive taxation

In 1950, the top 0.01% of earners paid almost 70% of their income in taxes. By 2018, the super-rich paid proportionately less than the average for all other Americans.

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