We worry about growing inequality and the dwindling middle class, and advocate various policies to reverse these trends. And yet at the same time, we talk about reducing or eliminating the tax deduction that does the most to promote a more equal distribution of economic well-being.
Caption
A US infantryman releases a Neros Archer small unmanned aircraft system for a test flight at Fort Irwin in California on October 25, 2025. (US Army)