Policymakers Need to Get Tax Treatment of Litigation Funding Right
Litigation funding may be evolving, but it's not going away.
Having rolled up accountants, insurance brokers, dentists, and other localized professional services into nationwide practices, private equity firms have a new target: billboard lawyers. This spring, Fortress made headlines when it signed a $125 million investment deal with an Arizona-based personal injury lawyer.
The deal signals a new chapter in the long campaign to open litigation to outside capital. The evolving business of law is a big deal for an obvious reason: taxes, regulations, excessive government spending, and litigation are the four biggest growth killers. Last summer’s megabill made progress on the first three, but not the fourth. America’s runaway liability system continues to slam economic progress, cutting a percentage point off annual GDP growth and costing each American household over $4,200 in inflated insurance premiums.
Politics
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Is American Nationalism Still Creed-able?
We are not there now, but there is reason to worry that the United States is in danger, if we are not careful, of ceasing to be a nation with the principles of 1776 at its core.
National Civitas Institute Poll: Americans are Anxious and Frustrated, Creating a Challenging Environment for Leaders
The poll reveals a deeply pessimistic American electorate, with a majority convinced the nation is on the wrong track.
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Can Britain’s Next Prime Minister Escape the Net Zero Trap?
Britain has burned through five Prime Ministers and is paying some of the highest electricity prices in the world.
The Scanner at the Gate: Europe’s China Policy Litmus Test
China’s industrial policy is entering Europe through public procurement—and reshaping sensitive markets from within.
Confronting the New Antisemitism
"The postwar effort 'to rebrand Judaism as a religion' has made it impossible for American Jews to understand what they are facing today, because what we are facing today is an attack on the idea of Jewish peoplehood.”
“Democratic” Socialism Is Undemocratic
By promoting class hatred, suppressing private initiative, and seeking enhanced control of our lives, today’s democratic socialists undermine patriotism and individual initiative—two qualities that have long distinguished the United States from other major nations.
