Why the Wealthy Might Favor Higher Taxes
Written by Administrator Monday, 25 April 2011 09:47
A few billionaires, multi-millionaires and politicians have suggested that the rich are not taxed heavily enough. President Obama has identified an adjusted gross income of $250,000 as the metric for application of the "wealth" surtax.
Why would the extremely wealthy favor a wealth surtax that begins at $250,000 adjusted gross income? One possible explanation came to me while I was viewing this video about how big business uses barriers to entry against competitors.
Glimmers of Hope in Resi Real Estate Loans
Written by Administrator Sunday, 12 December 2010 11:15
Buried deep within the Federal Reserve H.8 report was evidence of a positive trend in commercial and residential lending.
Why Smoking Bans Make Sense to this Libertarian
Written by Administrator Tuesday, 07 December 2010 08:48 Last Updated on Tuesday, 07 December 2010 08:55
A generally kindred spirit with regard to abhorring government regulation disagreed vehemently with my idea that smoking bans make sense. Although Libertarians generally disagree with each other on this point, one of my responses to her Facebook arguments deserved a post here.
Mishkin Muffs It
Written by Ben Pierce, CFA Saturday, 21 August 2010 19:56 Last Updated on Saturday, 21 August 2010 20:05
Columbia University professor and shill for the government of Iceland, Fred Mishkin, mumbles his way through an interview in which he admits he should have noted he took $124,000 from Iceland to write a paper talking about how stable their financial system is. Then, on his professional vitae, he renames the paper from the original title including the word "... Stability...." to the word "... Instability...."
Quite a piece of work!
Is Stimulus One helping the economy?
Written by Ben Pierce, CFA Tuesday, 09 February 2010 09:58 Last Updated on Tuesday, 09 February 2010 10:54
"Economic Outlook & the Budget" on C-Span this morning should open some eyes. We're losing our flexibility to borrow large amounts if needed, and now face the possibility of losing our AAA rating (which will lead to higher interest rates on borrowed debt--if we can get anyone to loan us money--and serious national security/ sovereignty issues).
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