On The Glenn Show, Larry makes the case for abolishing the corporate income tax. He describes his economic model, and critiques the demand-side theories of Paul Krugman. So why should the corporate income tax be done away with? Glenn wonders whether there’s a better way to counteract the tax-rate “race to the bottom.” Larry’s argues that his plan would boost Americans’ incomes by 8%. Plus: Glenn and Larry debate whether technological change is hurting American workers.
On The Glenn Show, Glenn and Harold discuss their reflexive distaste for social justice bandwagons. For example, Glenn agrees that poverty is a problem, but thinks raising the minimum wage is an “intellectually impoverished” response. Harold has advice for the minimum wage activists: stick to the facts. Next, Glenn and Harold argue over the relative merits of incrementalism vs. radicalism. Harold is jarred by the discrepancy between Paul Ryan’s recent anti-poverty campaign and his proposed budget. They close by debating poverty and political correctness.