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

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Beyond tax cuts and stimulus

…question of the US. v China but government that are in dependent partnerships with ‘no-longer-national’ capital — which ultimately boils down to labor v capital, and this capital must control…

A Conversation with George Soros

…is not so good as the previous “International Capitalism.” Since he noted that “International Capitalism”; is synonymous with “the Washington Consensus,” this leaves him having damned China with very faint…

Declining Progressivity in US Taxes

…of choice that imposed significant budgetary demands. The wealthy have fought for laws that favor them–deregulation, zero capital gains taxation, lower corporate taxes, the ability to offshore businesses and assets…

Too much wealth?

…paying their fair share just because they have lots of capital), (ii) missed the point entirely of my fellow Angry Bear Tom Bozzo’s post , which suggested it worth noting…

Going to Washington as a financial blogger

…what is necessary to get out of that category. That of course is structural reform, but we got no acknowledgment of that as an aim. And aside from raising capital

Leona Helmsley Omnibus Tax Reform Act of 2009

…tax on dividends and tax on capital gains. Once again we have our old friend ‘double taxation’ along with arguments that taxes on these simply reduce motivation for re-investment. Well…

Furthering my understanding of the money from money theory

…starts from the characterization of the economy as a capitalist economy with expensive capital assets and a complex, sophisticated financial system. This Keynes “veil of money” is different from the…