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

There are limits to the analogy between Clinton’s 2008 primary contest with Obama and Sanders’s primary contest now with her. Clinton doesn’t get that. But she needs to figure it out because the differences matter.

We got to the end in June, and I did not put down conditions. I didn’t say, ‘you know what, if Senator Obama does X, Y, and Z, maybe I’ll support him.’ I said, ‘I’m supporting Senator Obama, because no matter what our differences might be, they pale in comparison to the differences between us […]

The Lesson of Carrier: America Needs a Real Socialist Agenda

by Peter Dorman (from Econospeak) The Lesson of Carrier: America Needs a Real Socialist Agenda    I just finished listening to the video clip that has been making the rounds, in which a spokesman announces to the assembled workers at the Carrier plant in Indianapolis that their jobs will be moved to Mexico.  It’s embedded in […]

Senate Finance Committee cuts tax return preparer regulation

by Linda Beale Senate Finance Committee cuts tax return preparer regulation As most tax practitioners realize, many people who hold themselves out as “tax return preparers” actually know nothing about the tax laws and may even assist their clients in cheating on their taxes by inventing home offices, travel-away-from-home expenses, or other fictional deductions. The […]

Denmark, the VAT Tax and Paul Krugman

So Sanders and Clinton are arguing about soda taxes — Clinton for, as a way to raise money for good stuff while discouraging self­-destructive behavior, Sanders against, because regressive. I have no illusions that rational argument will make much difference in the short run; we’re in that stage where anything Clinton supports is ipso facto […]

Internet shedding light on hidden history of Mormonism

The Mormon church reaches out over the whole world to get converts. Their missionaries present pamphlets about their history and doctrines. The pamphlets paint a picture of wholesomeness and purity. Yet the pamphlets are propaganda that distorts historical truth. It is important to know the truth behind Mormonism because members of the church have become […]

Another Right Wing Propaganda Tank Piles On Tax Complexity Bandwagon

by Linda Beale Another Right Wing Propaganda Tank Piles On Tax Complexity Bandwagon As noted in my last post, part of the fanaticism that is surging in the current obstructionist Congress relates to taxes (quel surprise…).  The JEC ran a hearing on Wednesday targeting “complexity” in the tax code as a source of humongous problems.  […]

Is the Road to Hell Paved with Pareto Improvements?

In a large multiplayer prisoner’s dilemma, any change in any one individual’s strategy doesn’t affect anyone else, so a player can know that defection will be a Pareto improvement. We might say that the problem of social evil is that the road to hell is paved with Pareto improvements. — Ted Poston, “Social Evil,” Oxford […]

New OECD tax agreement improves transparency — but the US doesn’t sign and the US press won’t tell you UPDATED

by Kenneth Thomas New OECD tax agreement improves transparency — but the US doesn’t sign and the US press won’t tell you UPDATED Last week 31 countries signed a new Organization for Economic Cooperation and Development (OECD) agreement providing for country-by-country corporate information reporting and the automatic exchange of tax info between countries under the […]