Caleb Franzen, although identifying politically as a Libertarian, takes a Conservative approach to economics and economic policy. Although he studies finance specifically, much of his background comes from the realm of economics. As such, he views economics
as not only one of the primary determinants of a nation’s social well-being and success but also as the solution to many social issues like solving income and wealth inequality, for example. Caleb has always loved to voice his opinion and has a fascination with understanding all views regarding any relevant political, social, or economic issues - which certainly makes for interesting and productive conversation. As a Santa Barbara native, he has always maintained close ties to the community, as seen through his connections with the Santa Barbara Tennis Patrons, the Santa Barbara Chamber of Commerce, and now, the Economic Club of Santa Barbara. In his first contribution to the Journal, Caleb began a discussion regarding taxation in the United States in his piece The American Loophole: A Discussion About Taxes in the United States. Caleb looks forward to future articles where he aims to focus on issues of interest rates, inflation, unemployment, and actions of the Federal Reserve.
In this two-part series, Caleb dives into the discussion of taxes; more specifically, a theory of how government can potentially increase tax revenue and decrease the budget deficit by decreasing the tax rates on all brackets of income.