Relevant and even prescient commentary on news, politics and the economy.

Mitt Romney’s Unintentionally Hilarious Tax Return FAQ

by Kenneth Thomas Mitt Romney’s Unintentionally Hilarious Tax Return FAQ Unless you’ve been in a coma, you have certainly heard about Mitt Romney’s release of his 2011 tax returns last Friday. You no doubt know that he and his wife did not claim all the charitable tax deductions they were due, so their tax rate […]

57% of Leading Economists are Not Worried About an Inflationary Wage/Price Spiral

8% are. 23% are uncertain or have no opinion. I really like this IGM panel (check out the roster — pretty damned impressive, or at least credentialed), but I wish they didn’t post such wishy-washy, softball questions. I post this one because it’s not. The one I’d really like them to ask: A modern, prosperous […]

Our Unserious Supreme Court: “Federalism,” “Jurisdiction,” Kiobel v. Royal Dutch Petroleum Co., and Anthony Kennedy – [Typo-corrected and updated TWICE]

In the comments to my post of yesterday titled, “Welcome Back, Supreme Court Justices! (Well, for the next two weeks, anyway.),” Angry Bear colleague Dan Becker wrote: Hi Bev,  I have read about this case. Still unclear even after reading your piece as to what the law was for, to do and how the new […]

Base broadening, rate lowering…Robert asks?

Lifted from Robert’s site: Ezra Klein defends an increased capital gains tax as necessary for distributionally neutral base broadening rate lowering tax reform..  I support a higher capital gains tax rate (did not have space for that in my comment).  My comment: But why do you want base-broadening, rate-lowering tax reform  ?  The inside the […]

Patents, innovation, asset class, and weapon

While the issues involved are complex and also involve the use of government force to make it stick, and drug patents have a long and debated history, New asset class and much more at Dealbook points to a growing phenomenon for the global economy as well. Patents and innovation deserve a separate post, but the […]

Welcome Back, Supreme Court Justices! (Well, for the next two weeks, anyway.)

Well, it’s that time of year again—when the Supreme Court justices interrupt their primary careers of flitting around the world (some of them), or at least around the country (the remainder of them), to teach a law school course or two, to instruct high court justices in other countries on how to feign working full-time, […]

Romney’s "revenue neutral" 20% rate cut may not be achievable, Hassett admits

Lifted from Linda Beale’s: Romney’s “revenue neutral” 20% rate cut may not be achievable, Hassett admits…For months, many tax experts have been saying that even what is known about Romney’s plan–skimpy as it is on any real information–shows that it is unworkable.  One of Romney’s sometimes advisers finally sort of acknowledged that.  Kevin Hassett (an […]

UNACCOUNTABLE:

by Tom aka Rusty Rustbelt Health Care Thoughts: Book Review There has been a lot of buzz about a book published on September 18th. (Dan here..See here for one buzz) UNACCOUNTABLE: What Hospitals Won’t Tell You and How Transparency Can Revolutionize Health Care by Marty Makary, MD This is an important book because in plain English […]