by Linda Beale Perry’s Flat Tax and other “bold reform” ideas in context of the richer 1% The hard right candidates of the GOP are competing to set forth plans that demonstrate their utter and complete loyalty to the right’s “make the rich richer and make businesses less accountable” economic program. This program involves the tired […]
The Flat Tax is Back Moderated by Laura Knoy on Wednesday, October 26, 2011(follow link) Quote:“In past presidential cycles, the idea of fixing the tax code by charging everyone the same rate has caught on like wildfire, only to die out later. This Presidential election season, candidates Herman Cain Rick Perry, and Newt Gingrich are promoting flat […]
Yes, I’m working with the null set again, but Peter Bockvar, chez Ritholtz, raises the most common objection to the Greek restructuring’s likely effect on the CDS market: [I]t will…potentially destroy [the sovereign CDS] market to the point where it will go away. The unintended consequence of what will be next will be those looking […]
by Linda Beal Perry’s Flat Tax Proposal The Atlantic has a good summary article contrasting Perry’s Flat Tax proposal (an alternative choice to the income tax, that is modeled after Steve Forbe’s flat tax, which will result in much lower taxes for the wealthy because of the deductions it retains along with the zero taxation […]
by Rebecca Wilder The Euro Area Precedent for Policy Failure Last weekend, a leaked Troika report (Troika = ECB + EC + IMF) revealed that European policy makers now comprehend that the Greek policy prescription is not working (bold by yours truly): The growth and fiscal policy adjustments assumed under the program individually have precedent […]
And not in a good way, when he says: I understand that Republicans are just playing the culture war game here, trying to link Warren and the loony left. I don’t know how that will play in, er, Massachusetts. And the world has moved on from the Hard Hat riots and the 1972 campaign. The […]
by >Mike Kimel I’ve been writing about the relationship between tax rates and growth since I started blogging in 2006. A lot of those posts have focused on the quadratic relationship between tax rates and growth. That is, it turns out that if you take US data going back to when the BEA started keeping […]
Charles Pierce sums up the true issue: It is on days like this that I don’t envy political economists. They’re the ones that are going to have to take this Message from Goobertown seriously. They’re going to have to score it. They’re going to have to do the math, such as it is, and try […]
Regular readers will recall that I have been very skeptical of claims that the Fed can cause a large reduction in unemployment by declaring a nominal GDP target and/or buying long term Treasuries. Joe Gagnon is very prominent advocate of unconventional policy, so I was surprised to find that I so strongly agreed with so […]
By Mike Kimel Hi. I’m looking for the US population aged 35 to 44 and 45 to 54 from 1929 to the present. I’m having a great deal of trouble extracting it from the Census. Does anyone have that data, ideally from a publicly available source? If so, please drop me a line at “mike” […]