“If you tax investment income what will people do? Stuff their money in the mattress?” Steve Roth | October 15, 2012 9:25 pm Richard Thaler asks exactly the right question. This from the latest IGM Forum poll of big-name economists, on the effects of taxing income from “capital.” I’ve been over this multiple times before, […]
This can’t be healthy: Matthew Halls was removed as artistic director of the Oregon Bach Festival following an incident in which he imitated a southern American accent while talking to his longstanding friend, the African-American classical singer Reginald Mobley. It is understood a white woman who overheard the joke reported it to officials at the […]
The Good: Miami Florida Mayor Tomas Regalado Wants to Discuss Climate Change: To Donald Trump, “’This is the time to talk about climate change. This is the time that the president and the [Environmental Protection Agency] and whoever makes decision needs to talk about climate change,’ Regalado told the Miami Herald. ‘This is a truly, […]
A note on Hurricane Harvey and unemployment claims Initial jobless claims for last week were reported at 298,000 this morning, a jump of over 50,000 from recent levels. As most people probably already know, this huge jump had everything to do with Hurricane Harvey shutting down southeastern Texas, including the entire 7 million Houston metro […]
Think Progress reports: Limbaugh did not recant his earlier statements about Irma, and he did not encourage his listeners in the area to evacuate. In fact, Limbaugh seemed to even double down on his earlier views. “The views expressed by the host of this program [are] documented to be almost always right 99.8 percent of […]
by Steve Roth (originally published at Evonomics 2016) Why Economists Don’t Know How to Think about Wealth (or Profits) Until 2006, they quite literally weren’t playing with a full (accounting) deck. Most still aren’t. By Steve Roth In the next evolution of economics taking shape around us and among us, perhaps no school has been so transformational […]
Yet Another Republican President Stabs A South Korean President In The Back [Able to get on here from my home laptop] Donald Trump has long had a record of doing things one finds not just unbelievable, but seriously outrageous. However, we may now have seen him do so in a situation involving a really dangerous […]
The Washington Post has a story on ACT scores: New results from the nation’s most widely used college admission test highlight in detailed fashion the persistent achievement gaps between students who face disadvantages and those who don’t. Scores from the ACT show that just 9 percent of students in the class of 2017 who came […]
The Present If you thought it was over, it is not. Now that Schumer/Pelosi have removed the debt limit issue in front of Republicans with a Trump agreement, one more impediment to assaulting healthcare has been cleared away. John, I have cancer and have healthcare, McCain has come out to support a bill proposed by […]