James K. Galbraith, Lloyd M. Bentsen, Jr. Testify on Sensible Tax Reform Tax policy was demystified in testimony by Galbraith and Bentsen, Jr. Will Congress listen? Statement by James K. Galbraith, Lloyd M. Bentsen, Jr. Chair in Government/Business Relations and Professor of Government, The University of Texas at Austin, and Senior Scholar, Levy Economics Institute, […]
by Linda Bealecrossposted from Ataxingmatter Why Tax Law Should be Required of All Law Students We tax profs have a tendency to tell our colleagues that tax law should be a mandatory topic for all law students because there’s nothing that you do that has economic consequences for which tax law isn’t relevant. Whether you […]
by Mike HalasyHealthcare concultant and researcher, PA UPDATE: Part 1 here; Part 2 here. (h/t rjs in comments for the suggestion.)Update 2: Post fixed…Dan Medical Malpractice Reform: Truth in Advertising Needed (Part Three of Three) So in the first two articles we have addressed the historic effects of tort reform using Texas as an example, […]
Part of an e-mail from Beverly Mann on additional expansion of corporate personhood concept at the Supreme Court: I agree that, as the article at Raw Story says, the decision is a striking contrast to the court’s ruling in Citizens United, which upended decades of campaign finance regulation, allowing corporations to spend unlimited amounts on […]
by Beverly Mann Does the Tea Party Dislike Goodwin Liu? Politico had an article last week called “Will Senate ever vote on Liu?” Liu is Goodwin Liu, a prominent liberal Constitutional Law professor at the UC, Berkeley. His official profile at the U. is here. Obama nominated him in 2009 to the Court of Appeals […]
Barry Ritholz shines a light on an alternative to the current meme on public sector unions: In a Labor Day address in 1980, Ronald Reagan said: “These are the values inspiring those brave workers in Poland … They remind us that where free unions and collective bargaining are forbidden, freedom is lost.” Reagan as above, […]
by Mike Kimel Cross posted at the Presimetrics blog I really don’t understand this post by Tyler Cowen. He begins by noting: The median earnings of full-time Canadian workers increased by just $53 annually — that’s right, $53 annually — between 1980 and 2005. He then links to two documents, one of which says this: […]
Felix Salmon writes on the question of appropriate pension plans for state systems (emphasis on teacher retirement systems) in Reuters…however, the comment section offers a superb range of thoughts by non-experts on the matter of state pensions as well. 1. Is a 7-8% return reasonable to expect (smoothed over time) in the future?2. If a […]
Calculated Risk revisits the employment to poulation ratios: …What happens to the participation rate is an important question. If the Civilian noninstitutional population (over 16 years old) grows by about 2 million per year – and the participation rate stays flat – the economy will need to add about 100 thousand jobs per month to […]