by Mike Kimel Top Marginal Tax Rates and Real Economic Growth, Part 1 This post looks at the relationship between the top marginal income tax bracket and growth in real GDP per capita (from NIPA table 7.1) in the subsequent year or years. The first graph shows the top marginal income tax rate on a […]
by Joseph Joyce Capital Flows and Financial Activity in Commodity Exporters Emerging markets and developing economies have struggled in recent years to regain the growth rates of the last decade before the global financial crisis. The slowdown has been particularly evident in commodity-exporters that face declining prices. The World Bank’s most recent Global Economic Prospects, […]
by Mike Kimel Policy Demands for Black Power, Freedom and Justice Earlier this month NBC news reported: The Movement for Black Lives — under the catch-all banner of the Black Lives Matter movement — has put together what it describes as a “clear vision of the world where black humanity and dignity is the reality.” […]
by Mike Kimel Explaining Trump’s Appeal, Part 2 Last week I had a post looking at Trump’s appeal to a large segment of the electorate from an economic perspective. I noted that growth of real GDP per capita in the United States has been very, very slow since the year 2000. Even the recovery (say, […]
Via NYT comes comment on a future Supreme Court case: There are longstanding differences between Boston and New York, like the rivalry between the Red Sox and the Yankees. Adding a new one, the federal appeals courts in each city have taken different approaches to the type of benefit a tipper must receive in exchange […]
by Linda Beale Taxes, Government, and the Good Life, Part 2 In yesterday’s post, Taxes, Government, and the Good Life, I noted the “long-term position of the GOP” in favor of downsizing government, which can be seen, at least in part, as a way to justify the GOP obsession with cutting taxes on the wealthy […]
by Linda Beale Taxes, government, and the good life In 2012, Ed Asner narrated a cartoon video prepared for the California Federation of Teachers called “Taxing the Rich”. It’s worth watching, given the four-decades-long effort by the GOP to convince ordinary Americans that “trickle down” economic goodies will be coming their way if they only […]
Via Thinkprogress: Republican presidential nominee Donald Trump announced his economic policy advisory team on Friday — a collection of 13 white men. While the list does not include any women or racial minorities, it does include five Steves. The people Trump will ostensibly rely on for economic guidance are are: Steve Roth, a fellow real […]