Guest post by Kenneth Thomas Social Security Hurt by Republican Jobs Obstructionism The Center for Economic and Policy Research (CEPR) published its commentary on Monday’s release of the Social Security Trustees Report, which found that the Social Security trust fund would be exhausted in 2033. CEPR rightly blames the recession for the deterioration of Social […]
by Kenneth Thomas of Middle Class Political Economy Greg Mankiw doesn’t understand competition for investment Greg Mankiw’s column in Sunday’s New York Times makes the case that competition between governments is a good thing, that it makes them more efficient in the same way that competition among firms does. He paints it as also being […]
Guest post by Kenneth Thomas of Middle Class Political Economist U.S. has 18th best unemployment benefits in OECD; also trails 13 non-OECD countries Tim Vlandas at EU Welfare States flags some important recent International Monetary Fund data on the generosity of a number of countries’ unemployment benefits. The metric used is the gross replacement rate […]
Guest post by Kenneth Thomas Top 1% Reduced Taxes in Last 3 Years but Probably Gained Income Share Citizens for Tax Justice came out with a nice report today showing that the overall U.S. tax system is just barely “progressive,” which is to say that as your income goes up, so does your tax rate. […]
Guest post by Kenneth Thomas America Shows No Increase in College Graduation Rates over the last 30 Years Jared Bernstein (via Paul Krugman) highlights an amazing breakdown in the prospects for reducing economic inequality any time soon. Over the last 30 years, the U.S. has made no progress whatsoever in increasing college graduation rates. To […]