by Dale Coberly CRFB Analysis of the 2014 Trustees Report A reply by me a reply to me and agreement? The Committee for a Responsible Budget (CRFB) published what they called an analysis of the 2014 Trustees Report. I read it and was at first disappointed that it seemed to be the same old attack […]
Matt Bruenig gives us a great breakdown of what poverty would look like if we relied on the market to solve it (as we did almost exclusively for thousands of years before the emergence of enlightened modern welfare states over the last two centuries). The poverty rate among the elderly would be > 45%. (Old […]
Years of >5% Growth: Pre-Reagan? 15 Post-Reagan? 5 Post-80s-recession-recovery? 2 Cross-posted at Asymptosis.
Big tobacco companies and the medical establishments: Today, Big Tobacco is chasing a new revenue stream: e-cigarettes. They appeal to 20-somethings-and the lack of health studies about the side effects give the old merchants of death an unhealthy horizon for false advertising and profits that come at a cost of misery. And lawsuits…but not for […]
ProGrowthLiberal in his comments on my last post and in his own post at EconoSpeak highlights the fact that drug-maker AbbVie already makes most of its profits outside the United States, about 87% in fact over 2011-2013 by his calculation. For PGL, then, AbbVie is not the best example of an inversion because the horse […]
David Cay Johnston emailed me that there were errors in Forbes contributor Tim Worstall’s recent criticisms of the linked article. Indeed there are, but the biggest one (or at least the funniest one) isn’t the one Johnston pointed me to. Worstall writes that AbbVie’s pending inversion will not, by itself, reduce the taxes the company […]
Corporate “inversions” are back in the news again, as multinational corporations try every “creative” way they can to get out of paying their fair share of taxes for being located in the United States. With inversions, the idea is to pretend to be a foreign company even though it is physically located and the majority […]
The Washington Post reports: While the youngest boomers are still in their forties, the generation as a whole is shifting from one of net savers to one of net spenders. And what that leads to is the fact that over the coming decades, wealth is expected to transfer between generations at only an increasing rate. […]
The above is an extract from a 2012 National Academy of Social Insurance publication entitled Social Security: What do Americans Want. There is much to see and read in this publication and I urge people to take a look at this longish PDF of 57 pages and many Tables, of which this is just one. […]
David Kay Johnston re-frames the story of what happens to your money in this age of tax cuts as the road to prosperity: Why are so many Americans feeling squeezed economically even as the economy expands at an accelerating pace? Last month set a new record for sustained job creation: 52 straight months of added […]