California Faces Backlash Over 5% Billionaire Wealth Tax As Critics Warn It Could ‘Cost Us Trillions’
A separate Hoover Institution study projected much lower revenues at roughly$40 billionand warned that long-term migration could eventually erase any financial gains. The disagreement has fueled a larger fight over whether taxing extreme wealth would stabilize public services or weaken future economic growth.
Hoover Institution Stanford University > Daily ReportFox News Poll: Faith In Higher Education In The US Is Collapsing
"Voters in both parties have a beef with higher education, but the grievance is particularly acute among Republicans," says Republican pollster and Hoover Institution fellow Daron Shaw, who helps conduct theFox News Pollwith Democrat Chris Anderson.
Hoover Institution Stanford University > Daily ReportHow The Billionaire Tax Could Make California Poorer
Start with the Billionaire Tax Act. The gap between what it promises and what it would deliver is stark. Joshua Rauh of Stanford University has run the numbers with his Hoover Institution colleagues, andthe results cast doubton the prospect of any revenue gain whatsoever.
Hoover Institution Stanford University > Daily ReportAI’s Impact On Jobs Won’t Be Clear-Cut, Says Nobel Laureate Michael Spence
[Subscription Required]CEOs and business executives looking to evangelise the benefits of AI may want to think twice, if recent events are anything to go by. While the term was once greeted with excitement for its potential to improve efficiency, these days, AI is seen as a way to justify layoffs and hiring freezes.
Hoover Institution Stanford University > Daily ReportStephen Kotkin: Can America Still Lead The World?
Stephen Kotkin answers five more questions on Iran, China, Ukraine, and America’s future, arguing that the United States remains the world’s dominant power — if it can avoid defeating itself from within.
Hoover Institution Stanford University > Daily ReportA Cold Shower For The AI Mania
[Subscription Required]Although generative AI tools have improved rapidly and now outperform humans across many tasks, the market's current euphoria may not be justified. With AI firms increasingly resorting to debt financing, it is worth pausing to consider all the things that could go wrong.
Hoover Institution Stanford University > Daily ReportCritical Conditions: An Operating Framework for Allied Economic Statecraft
Allied governments call too many things “critical,” spreading scarce resources thin and working at cross-purposes. This paper offers a four-layer rubric—encompassing geographic mapping, direct dependency, indirect dependency, and adaptive capacity—that allied policymakers can use to systematically identify which economic dependencies on China actually warrant intervention and which can wait. Three illustrative case studies, on gallium, LOGINK, and copper, demonstrate the rubric in operation.
Hoover Institution Stanford University > Daily ReportDarren Farber On Iran, China, And The Rise Of Neoprimes
Darren discuss why magazine depth matters for the American industrial base, lessons from Ukraine, and what the rise of neo-prime defense companies will require from Congress.
Hoover Institution Stanford University > Daily ReportThe Saez-Zucman California Billionaire Tax Proposal Ignores One Important Question
Anew Hoover Institution analysisreleased this week by Joshua Rauh, Tom Church, Daniel Heil, Benjamin Jaros, and John Doran examines that premise in detail. What they find should be deeply uncomfortable for anyone relying on the Saez-Zucman framing.
Hoover Institution Stanford University > Daily ReportTrump Hits Yet Another New Low In The Polls
Republican pollster and Hoover Institution fellow Daron Shaw, who co-conducts the Fox News poll with Chris Anderson, said, "Despite consistently strong GOP support, the president's numbers are leaking a bit."
Hoover Institution Stanford University > Daily ReportMcMaster: Trump Remains Committed To NATO
Former Trump advisor and Hoover Institution fellow H. R. McMaster believes that US plans to withdraw 5,000 troops from Germany are a bad idea. But he says what is crucial is that the US maintains strategic capabilities in Europe.
Hoover Institution Stanford University > Daily ReportTimothy Garton Ash, 2026 Princess Of Asturias Award For Social Sciences
Historian, journalist and essayist Timothy Garton Ash has been granted the 2026 Princess of Asturias Award for Social Sciences, as announced today by the Jury responsible for conferring said Award.
Hoover Institution Stanford University > Daily ReportTax Policy And The Economy, Volume 40
Jonathan Hartley,Kevin Hassett, andJoshua Rauhanalyze the corporate investment response to the Tax Cut and Jobs Act of 2017, finding a larger response than a number of earlier studies of investment sensitivity would have suggested.
Hoover Institution Stanford University > Daily ReportThe Declaration at War IV: The Fight Against Tyranny
As Europe descended into another continental war in 1939–40, new weapons of war brought destruction to homelands far from the front lines.
Hoover Institution Stanford University > Daily ReportImmanuel Kant, German Philosopher: “If You Punish A Child For Being Naughty, And Reward Him For Being Good, He Will Do Right Just For The Reward”
Hoover Institution fellow William Damon argued that moral growth follows a developmental sequence. He wrote that “no amount of rote learning or indoctrination will prepare children for the many diverse situations that they will face in life.”
Hoover Institution Stanford University > Daily ReportMcMaster: Trump Remains Committed To NATO
Hoover Institution fellow H.R. McMasterbelieves that the US plans to withdraw 5,000 troops from Germany are a bad idea. But he says what is crucial is that the US maintains strategic capabilities in Europe.
Hoover Institution Stanford University > Daily ReportReview: Recession
Hoover Institution fellow Tyler GoodspeedRecession: The Real Reasons Economies Shrink and What to Do About Itis data-rich, with both historical anecdotes and biographical sketches of key players such as Irving Fisher and FA Hayek.
Hoover Institution Stanford University > Daily ReportHow A New Evaluation Model Dumbs Down Advanced Placement Scores
For years, colleges have relied upon Advanced Placement or AP exams as tougher, more stable signals of college readiness than high school grade point averages. But that trust is now misplaced — at least for the most common exams that dominate the AP landscape.
Hoover Institution Stanford University > Daily Report