The other day, I posted a graphic showing the evolution of U.S. federal government revenue. Last year, the feds took in a total of $3.2 trillion, mostly from income / social security taxes and corporate income tax. This figure, $3.2 trillion, represents the total amount...
Through most of its history, the federal government did not have the power to tax incomes. How was it funded before the income tax? Today’s national debt is big by historical standards, but it has been bigger. When was...
A few weeks ago, I wrote about some of the world’s most peculiar territorial disputes. And among them I listed Arunachal Pradesh, a territory claimed by both China and India. What makes this dispute “peculiar” is not the dispute itself, but rather how...
Palestine. Crimea. Kashmir. The Islamic State. Some of the biggest geopolitical events in the world are centered around disputed territories, land whose sovereignty is claimed by more than one nation / occupying power. At the other extreme, some territorial disputes involve land...