‘Hardly anyone checks this little box on their tax return. Why keep it?’
Adam Lashinsky at The Washington Post
There “was a time when nearly a third of U.S. taxpayers checked that little box on their income-tax returns authorizing the Internal Revenue Service to allocate $3 of their taxes” to “help pay for presidential campaigns,” says Adam Lashinsky. But now Americans “are — quite rationally — unwilling to fork over the cost of a Snickers bar to help elect the leader of their country.” Congress “ought to simply junk the checkoff as the relic it is.”
‘Democrats need to start planning now for a return to power’
Symone D. Sanders Townsend at MS NOW
Democrats “are already talking about a wave election,” and “people are starting to ask: What would Democrats do with that power?” says Symone D. Sanders Townsend. It’s a “more important question now than ever because, this time, winning will come with more risk and more responsibility.” A Democratic win “will not just be a rejection of President Donald Trump. It will be an expectation that they can use power in a way that actually changes people’s lives.”
‘Kalshi is half right about prediction markets and gambling’
Aaron Brown at Bloomberg
Kalshi CEO Tarek Mansour “has an argument why prediction markets shouldn’t be regulated as gambling,” says Aaron Brown. Sportsbooks “profit from customer losses, making them structurally predatory. Kalshi, by contrast, operates as a peer-to-peer exchange.” He is “right about the business model distinction. He’s wrong that it answers the regulatory question.” What Mansour is “describing — a balanced book, fees on both sides, no house risk on outcomes — has been the operating model of sports betting, both legal and illegal.”
‘Women’s brains are a $1 trillion opportunity’
Lisa Mosconi and George Vradenburg at Time
Nowhere is the “cost of ignoring women’s health more visible or more correctable than in the brain,” say Lisa Mosconi and George Vradenburg. Closing the “women’s health gap could add $1 trillion in annual incremental GDP to the global economy.” This should “reframe how every boardroom and budget office thinks about women’s health.” Researchers “need to mandate sex-disaggregated data and fund women-focused trials for brain disease,” and policymakers “need to recognize women’s brain health as a core input to labor force productivity.”
Opinion, comment and editorials of the day
