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

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Confession

…gets. I have noticed that posts with titles including either “soak the rich” or “Social Security” get lots of comments. I don’t want to horn in on Bruce Webb’s turf…

Risk and Aversion, Take 2

…Spider’s Sunny Patch below the break. It was 1993, I think, when Richard Sandor gave the closing presentation at the ISDA Conference in Washington, D.C. Sandor was enthusiastic; there was…

Median family income tax about zero

…push poll levels. However, the desire to soak the rich made it through the pollster. Diageo Hotline also finds strong support for raising taxes on the rich (via dailykos). “There…

Inflation and interest groups in the Carter Years

…hard for Republicans to win elections given widening income inequality that disconnects the experience of their base (the rich) and the majority. True. I’d add that it is hard given…

What Is to be done ?

…would be a political winner. See the old post for details. I add one clause — a contingent surtax on the rich. Withold an extra 10% of income over $1,000,000…

What’s dumb about a windfall profits tax?

…(including people with 401(k)’s) relatively rich. So I like it. It seems, see below, that oil companies are passing their profits to shareholders through share buybacks. I think this helps…

Stephen Moore Looks at Mississippi

…the national average of 5.2%. Mississippi tort reform is making the poor richer, and the rich lawyers less fabulously rich. Most people would have avoided writing this article. Kudos to…