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

The Simpsons on Immigration

A post from 2006 on immigration by Kash Mansori seems timely… The Simpsons on Immigration Kash | March 28, 2006 1:31 pm Simpsons aficionados among you already know that the Simpsons addressed the issue of immigration back in 1996, in the episode “Much Apu About Nothing”. Here’s a summary of the beginning of the episode, […]

High Cost of Our Finance Sectors

Via Truthout Published on Mar 23, 2017 In the March 2017 Taxcast: the high price we’re paying for our finance sectors – we look at staggering statistics showing how the US finance sector is a net drag on their economy. Featuring: John Christensen and Alex Cobham of the Tax Justice Network, and Professor of Economics […]

To me the common assertion about health care reform reform and tax reform makes no sense

Various people have argued that Republicans decided to repeal and (very partially) replace Obamacare before moving on to tax reform, because Obamacare repeal (aka the American Health Care Act aka AHCA) would make it easier to permanently cut tax rates. To me this makes less than zero sense. The argument is that, since AHCA includes […]

Prime working age employment up, participation up (finally) – now how about wages?

by New Deal democrat Prime working age employment up, participation up (finally) – now how about wages? The March jobs report finishes the first quarter, which make it easier to update some labor participation trends, which, along with wages, has really lagged in this nearly 8 year old expansion. In order to eliminate the issue […]

Thank God it’s Boilerplate!: The Economist is lumping its labour

by Sandwichman Thank God it’s Boilerplate!: It’s Thursday and The Economist is lumping its labour The Economist and Jonathan Portes are at it again. “Lump of labor! Lump of labor!” The occasion? A proposal for a four-day workweek announced by the U.K. Green Party at their convention this week in Liverpool.  The Economist pretended to […]

When you hear ‘growing our economy’ to pay for services

Via Naked Capitalism is a post by Pavlina R. Tcherneva of Bard College at New Economic Perspectives. Worth reading the whole post… by Pavlina R. Tcherneva   (originally published at New Economic Perspectives) Inequality Update: Who Gains When Income Grows? Growth in the US increasingly brings income inequality.  A striking deterioration in this trend has […]

The Overseas Cash Grab

NYT Dealbook points to a how the 2 trillion dollar overseas money can come “home” and how money is spent.  2005 comes to mind the last time repatriation of “overseas money” comes to mind. Linda Beale Repatriation holiday lobbying – Money Speaks and More on repatriation. Taxprof blog here and Senate report here. The Overseas Cash […]