Policy Reports

NCPA studies generally break new ground on policy issues. A study seeks to cast new light on an issue and to stimulate policy-makers and others to think of new, innovative solutions to the problems associated with the issue. Studies may combine several elements of analysis, including original research, reviews of academic literature, creative approaches for solving public policy problems, and economic modeling.

Why the Capital Gains Tax Rate Should Be Zero

Proponents of cutting the capital gains tax rate cite economic studies showing increases in economic growth and realizations of gains, and even higher revenue for government. Opponents argue that a ca…

Social Security and Market Risk

There have been a number of proposals to invest the Social Security surplus in the financial markets. Some proposals call for the government to do the investing. Others would have workers deposit part…

Privacy in a Free Country: In Search of Reasonable Principles

"Privacy" has often been thought of as a traditional American value, but the concept has always been difficult to define precisely. With the passage of time and the development of technology, particul…

Characteristics Of An Ideal Health Care System

In our society, people who choose not to pay for insurance know that they are likely to get health care anyway - even if they can't pay for it. The reason is that there is a tacit, widely shared agree…

Saving the Surplus

A surplus is political manna, enabling politicians to fund their favorite programs.  The fundamental choice is between using the Social Security surpluses to reduce the federal debt and using them to…

Social Security and Education

This paper considers Social Security as an investment for different classes of workers based on their level of education. Why education, rather than income? Everyone's income will vary a lot over the…

Comparing Prescription Drug Proposals: Bush v. Gore

The two major presidential candidates, Vice President Al Gore and Texas Governor George W. Bush, are offering competing proposals to deal with the gap in prescription drug coverage.

Crime and Punishment in Texas in the 1990s

Texas' criminal justice system has been undeservedly criticized, partly for political reasons and partly by those who oppose the state's whole approach to crime and punishment, particularly on such is…