by Joseph Joyce Portfolio Capital Flows to Emerging Markets amid the Pandemic Among the most notable economic responses to the COVID-19 pandemic has been the turnaround in capital flows to…

Happy 155th Birthday to volume one of Capital! In his 1965 farewell lecture at Brandeis University, Herbert Marcuse read a long passage from the Grundrisse’s “fragment on machines” and then observed: “But Marx himself…

…purchase all that stuff, = GDP), and subtract what we consumed each year (measured by spending on consumption goods, which get consumed by definition, plus “consumption” of fixed capital —…

…do so is by taxing income from capital gains and dividends. Capital gains and dividends which are highly concentrated at the top at the same rates as wage and salary…

…(2) it performs less well than experienced cherry-pickers. In short, it would be useful if you have a shortage of labor and an excess of capital, but not—as is common…

Put all this together, and you have a classic recipe for vulnerability. Capital inflows (borrowing overseas plus foreigners coming into the local stock market) tend to keep the exchange rate…

…competing with first-time homebuyers for smaller, cheaper homes.” Maybe just raise the capital gains limit and index it for inflation. And build more housing. End capital gains taxes on home…

…Voodoo the Elder Bush always said it was. Lowering top marginal rates and taxing capital gains at half the rates of capital income would under my model have the effect…

…the carpenter). The problem with making these analogies, especially in the area of capital gains, is that the idea of capital gains is problematic to start with. We’d be much…

…rate), $5,990 in qualified dividends (eligible for the 15% net capital gain rate), $4,184 in net short-term capital gains and $32,133 net long term capital losses and $33,124 of taxable…