If I could put my Vulgat Marxist hat on for a second another major difference between an invested pension fund and Social Security is that the fiormer fattens its balance by maximizing the extraction of value from labor productivity (and so increases ROI on capital) where SS thrives when labor retains as large a share […]
Krugman changes his mind Naked Capitalism In a recent post Krugman says the following Paul Krugman is Wrong about the Rise of the Robots Wapo Reminds me of conscious capitalism from Tyler Cowen’s review Conscious Capitalism Mish Shedlock Robotic surgeons
by Linda Beale Dell restructuring–all for a tax advantage? David Cay Johnston writes for Tax Analysts, in Dell’s Multiple Restructurings Aid It in Tax Avoidance (2013), about a global reorganization disclosed by Dell in its January 2007 Form 8-K filed with the SEC: “just before the end of 2006, [Dell] issued more than 475 million […]
According to Center on Budget and Policy Priority data cited by Louise Story, in 2011 the states enacted $156 billion of austerity measures, between budget cuts and tax hikes. Despite their budgetary woes, however, this did not stop them from throwing billions of dollars a year into the worst kind of corporate subsidy, relocation incentives […]
The final problem is that, in an effort to reduce the economic concentration of power, the administration is concentrating political power in Washington. If the problem is that talent is fleeing blighted localities, it’s hard to see how you make that better if decision-making and resources are concentrated faraway in the nation’s capital. This is […]
These local stories in Louisiana, Kansas, Nebraska, and North Carolina speak quite eloquently for themselves. Gov. Bobby Jindal is proposing to eliminate Louisiana’s income and corporate taxes and pay for those cuts with increased sales taxes http://www.nola.com/politics/index.ssf/2013/01/gov_bobby_jindal_calls_for_eli.html Gov. Dave Heineman made a bold proposal … end the income tax for working Nebraskans and corporations. It […]
by Maggie Mahar run75441: Maggie Mahar writes on future insurance premium increases something consistently arises in the debate on the PPACA. The complete post can be found at healthinsurance.org The future of YOUR health insurance premiums Today, many Americans are asking, “Will my premiums go up in 2014?” There is no simple answer. According to […]
by Linda Beale The Netherlands’ role as corporate tax haven a “stain on the nation’s reputation” As Europe, the US, and other countries continue to face sluggish economies in the midst of extraordinarily high corporate profits, substantial accumulation of new wealth in the hands of even fewer people, and inordinate influence of corporatist approaches on […]
by Tom aka Rusty Rustbelt Health Care Thoughts: PPACA Health Exchange Oops On March 1, 2013 employers were supposed to notify employees in writing of information relating to the health insurance exchanges, including a 1) description of services, 2) employee eligibility for a premium tax credit IF the employee purchases an exchange insurance product, and […]
by Mike Kimel If Guns are Cheap, Criminals Will Have Guns If guns are outlawed, only outlaws will have guns. We’ve all heard that many times. But is it true? Well, it is certainly a tautology. But there is another way to ensure that outlaws have guns. Namely, keep them cheap. From the 2009 Firearms Used […]