…taxes around 2000. The crisis is probably worst in California (Democrat), but Texas (R) and New York (R) are not doing much better. Missouri has adopted an innovative new measure:…
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…taxes around 2000. The crisis is probably worst in California (Democrat), but Texas (R) and New York (R) are not doing much better. Missouri has adopted an innovative new measure:…
More Glen “No connection” Hubbard and Taxes I came across this very recent interview with Glenn Hubbard (chair of the President’s Council of Economic Advisors, in which Dr. Hubbard talks…
…Karl?). Another Corner Solution: Many workers pay no income taxes (though they do pay payroll taxes). Reducing the income tax will not affect these employees’ incentives to work. One caveat…
Robert Shiller: Raise taxes on rich if inequality gets worse
Here is a 12 minute video on youtube of an interview from Davos, Switzerland, with Robert Shiller from Yale University. He says in the video that taxes should be raised…
Comparing Labor and Capital incomes (Past and Present)
…continue to increase. Investment has increased a little since 1995 going to 15.8% of real GDP. Total net taxes used to be around 19% of real GDP before 1995. By…
Previewing Blinder and Watson (2015)
…now several years into our wonderful world of fracking. Since even Larry Kudlow stopped bleating about the goldilocks economy in December of 2008, I’m guessing it won’t come as a…
Class Struggle In The USA
…stress the tax cuts for the non rich and that higher taxes on the rich are, unfortunately, necessary if we are to have lower taxes on the non rich without…
Austerity Arithmetic
…wait, there’s less. What if the increased taxes were taxes on high incomes (say profits over 100,000 euros per year). That would have a much smaller effect on demand. Or…
The Past is Never Dead. Sometimes It’s Taxes
…IRS performs the most audits per capita sure looks familiar. Here is that map (via Brad DeLong) Here is a rather older map The past isn’t dead. It is taxes…
