No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 22, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Error in Crushing Capitalism

by TheAdviserMagazine
4 months ago
in Economy
Reading Time: 1 min read
A A
Error in Crushing Capitalism
Share on FacebookShare on TwitterShare on LInkedIn


 

I posted last week about my review of Norbert J. Michel’s new book, Crushing Capitalism: How Populist Policies Are Threatening the American Dream.

In my review, I stated:

Although even low-income people are doing better, one way not to help them is to impose high tariffs. Even before President Donald Trump’s first term in office, Michel notes, “tariffs on imported clothing were nine times as high as the average tariff for all imported goods.” Tariffs on many food items are also high. These high tariffs are regressive. In 2019, he notes, households in the lowest income quintile spent 36 percent of their after-tax income on food and 7 percent on clothing, while households in the highest quintile spent 8 percent of their income on food and only 2 percent on clothing.

I accurately quoted that part of Michel’s book. But Norbert has written to inform me that he made a mistake. The data in the paragraph above are not from 2019; they’re from 2015.

I have a request in to my editor to make the correction.

(0 COMMENTS)



Source link

Tags: capitalismcrushingError
ShareTweetShare
Previous Post

7 Medications Linked to a Higher Risk of Falling (Most Might Surprise You)

Next Post

US academic institutions urge SEC to implement stringent crypto staking rules, oversight

Related Posts

edit post
Dem Gerontocrats Try To Crush Graham Platner in Maine Senate Race

Dem Gerontocrats Try To Crush Graham Platner in Maine Senate Race

by TheAdviserMagazine
October 22, 2025
0

The D.C. consensus is becoming clear, the gerontocrats, led by Chuck Schumer, are on the verge of crushing the pesky...

edit post
New Rothbard Letters Show His Early Opposition to both Nixon and Reagan

New Rothbard Letters Show His Early Opposition to both Nixon and Reagan

by TheAdviserMagazine
October 22, 2025
0

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...

edit post
Profits are Social Authentication – Econlib

Profits are Social Authentication – Econlib

by TheAdviserMagazine
October 22, 2025
0

In his 1980 book, Knowledge and Decisions, Thomas Sowell highlights the importance of social authentication and verification processes. Does this...

edit post
India, U.S. near trade deal with major tariff cuts, reduced Russian oil purchases

India, U.S. near trade deal with major tariff cuts, reduced Russian oil purchases

by TheAdviserMagazine
October 22, 2025
0

U.S. President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in...

edit post
Swiss Man Imprisoned For Saying Skeletons Cannot Be Transgendered

Swiss Man Imprisoned For Saying Skeletons Cannot Be Transgendered

by TheAdviserMagazine
October 22, 2025
0

Governments began inserting the term “misinformation” into the mainstream narrative during the pandemic. The government has the sole discretion to...

edit post
This week’s critical inflation report comes with doubts about the data

This week’s critical inflation report comes with doubts about the data

by TheAdviserMagazine
October 21, 2025
0

Customers check out at a supermarket on August 12, 2025 in New York City. Liao Pan | China News Service...

Next Post
edit post
US academic institutions urge SEC to implement stringent crypto staking rules, oversight

US academic institutions urge SEC to implement stringent crypto staking rules, oversight

edit post
British American Tobacco (BTI) Leverages 6.1% Yield to Extend Railly

British American Tobacco (BTI) Leverages 6.1% Yield to Extend Railly

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Virtual Staging Tech is So Good Now That It’s Earning Flippers and Investors More Money

Virtual Staging Tech is So Good Now That It’s Earning Flippers and Investors More Money

0
edit post
New Rothbard Letters Show His Early Opposition to both Nixon and Reagan

New Rothbard Letters Show His Early Opposition to both Nixon and Reagan

0
edit post
XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

0
edit post
Financial infidelity hurts, but there are ways to get past it

Financial infidelity hurts, but there are ways to get past it

0
edit post
8 Best Investments for Retirement

8 Best Investments for Retirement

0
edit post
Tech Mahindra on track to improve margin but macro challenges linger

Tech Mahindra on track to improve margin but macro challenges linger

0
edit post
XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

October 22, 2025
edit post
Shutdown hits breakaway advisors starting RIAs

Shutdown hits breakaway advisors starting RIAs

October 22, 2025
edit post
YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)

YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)

October 22, 2025
edit post
As national debt accelerates to  trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

As national debt accelerates to $38 trillion, watchdog warns it’s ‘no way for a great nation like America to run its finances’

October 22, 2025
edit post
Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

Willow Processor Maps Molecules 13,000x Faster Than Supercomputer: Google

October 22, 2025
edit post
Virtual Staging Tech is So Good Now That It’s Earning Flippers and Investors More Money

Virtual Staging Tech is So Good Now That It’s Earning Flippers and Investors More Money

October 22, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum
  • Shutdown hits breakaway advisors starting RIAs
  • YXT regains compliance with Nasdaq’s minimum bid price requirement (YXT:NASDAQ)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.