by Linda Beale Redistribution and public production of public goods–not “let the markets handle it” In recent posts, the Importance of Distribution and Markets, Minimum Wages, and the Sins of Friedmania, I have noted the centrality to sustainable democratic institutions of corraling the market so that the power and wealth of the elite few does […]
by Linda Beale UK Territories to sign OECD Tax Info-Sharing Agreement, Reveal Beneficial Owners The UK’s David Cameron announced that Britain’s 10 crown dependencies and overseas territories–Cayman Islands, Bermuda, Jersey, Gilbraltar, Anguilla, Turks and Caicos Islands, Guernsey, Isle of Man, and the British Virgin Islands–would sign on to the OECD’s multilateral convention on Mutual Administrative […]
by Linda beale Market Power, Minimum Wages, and the Sins of Friedmania Two items caught my attention in today’s (June 22) newspapers and they represent diametrically opposed positions on what matters in society. One, by Paul Krugman, deals with the problems of monopoly rents–especially in industries in which there is very little production in this […]
For me, Profits Without Production equates to Profits sans Direct Labor Input. In most manufacture in the US today, Direct Labor Input is an extremely small ~10% of the Cost of Manufacturing which will vary up and down dependent upon the industry. (For the accountants and the purists, this does not include customary or legislative […]
by Linda Beale The importance of redistribution I have dedicated ataxingmatter to a concept I call “democratic egalitarianism”–the idea that individuals flourish best in a free society that allows them to choose democratically the rules that govern their lives, with the understanding that the institutions must be sustainable and must allow all individuals to flourish, […]
by Linda Beale The Tax Code Ain’t Nearly So Big as Often Claimed I can’t resist pointing readers to tax professor Jim Maule’s excellent post chastising everybody–from those obviously slanted propaganda-tank tax gurus Chris Edwards (you all know him as the purported tax expert from the right-wing pseudo-libertarian Cato Institute, whose other associate, Dan Mitchell, […]
by Linda Beale Going Dark–not just an SEC issue, when companies keep their tax classification secret Today’s Times includes an interesting piece by Floyd Norris about the problem of companies that are neither private nor public but have (or claim to have) few enough public investors that the SEC allows them to “go dark”–quit reporting […]
Chart of the Day: America’s 30-Year Project to Make the Rich Even Richer – Here’s a remarkable chart from EPI.. (hat tip rjs) Actually, no: Strike that. It’s true that in a normal world it would be remarkable, but in the world we live in it’s actually totally unsurprising. It illustrates the rise in income […]
To add to the fire Jazz and Steve have kindled, YOY inflation is at its lowest level historically according to the BEA and Next New Deal blog. It does not look like we need austerity policies and a little fiscal fire might put people back to work and stir the economy into growth. “Last Friday, […]
by Dale Coberly CHUCK BLAHOUS FINDS THE ANSWER FOR SOCIAL SECURITY AND LOSES IT. Charles Blahous is one of the politically appointed Trustees for Social Security. He has written “A Guide To The 2013 Social Security Trustees Report” at e21 Economic Policies for the 21st Century http://www.economics21.org/commentary/guide-2013-social-security-trustees-report . Blahous tells us “Social Security faces a […]