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

A Non-Distortionary Tax

Dead people aren’t allowed to drive.  They aren’t allowed to vote.  They aren’t allowed to testify in court, acquire weaponry, check out books from the library or acquire a pilot’s license.  This makes sense.  After all, dead people don’t have a functioning brain.  As a result, we wouldn’t want them driving or voting or wandering […]

Inequality: Obama’s Speech, Detroit’s Bankruptcy, Taxes

by Linda Beale Inequality: Obama’s Speech, Detroit’s Bankruptcy, Taxes Was Obama’s speech on inequality really what Michael Lind claims in “The Day the Right Lost the Economic Argument” Salon.com (July 25, 2013)? The right, both here and internationally, has been pushing for austerity for most while those at the top reap unparalleled rewards from upward-moving […]

The importance of redistribution

by Linda Beale The importance of redistribution I have dedicated ataxingmatter to a concept I call “democratic egalitarianism”–the idea that individuals flourish best in a free society that allows them to choose democratically the rules that govern their lives, with the understanding that the institutions must be sustainable and must allow all individuals to flourish, […]

If I were writing that piece

Here is an interesting way to deal numbers, with the complete post to be read from the link: Obama taxes us into recession  (Mish’s musings) Withheld income and employment taxes have been running about 8.3% higher year over year, comparing the same 33 business days between Tuesday, January 8 and Monday, February 25.…Regardless, there is […]

Negative externality or just raising money

Lifted from one of David Zetland’s Aguanomics musings on how our conversations mix things up: Gasoline taxes are often justified as the response to a “negative externality” of pollution from cars, but the money from those taxes rarely (never?) goes to people who suffer from pollution. So is it really a tax on an externality […]

Romney Says He’ll Shoot Farm Price Supports, Draught Relief and Veterans’ Benefits, Right Along With Big Bird!

Slate’s William Saletan has a terrific article there today, with a terrific title: Tax Evasion: Romney’s preposterous arguments for not telling you which tax breaks he’d abolish.  And, yes, elsewhere, too, mainstream-media folks are showing some morning-after queasiness about their debate verdict, by getting into the “um … huh?” stuff now. But in pointing out that […]

Spain. Please, Mr. Obama, talk about Spain. Please.

ROMNEY: Look, the revenue I get is by more people working, getting higher pay, paying more taxes. That’s how we get growth and how we balance the budget. But the idea of taxing people more, putting more people out of work, you’ll never get there. You’ll never balance the budget by raising taxes. Spain — […]

Romney says he never paid less than 13% in taxes for any of the last 10 years. But how much would he pay each year once the Ryan plan is passed?

… And when, exactly, did he pay that at-least-13% per year?  Might some of it have been paid under the 2009 IRS amnesty plan for people who’d been hiding money in secret overseas bank accounts, after the Swiss banks suddenly agreed to reveal to the IRS the identities of American account holders? Just wondering. 

Romney says he likes straight talk. Just not from him.

Washington may not like straight talk, but I do. — Mitt Romney, yesterday Sooo, Governor, about those massive tax cuts for the wealthy ….  You know, including the elimination of all incomes taxes on capital gains and stock dividends, which your running mate’s budget proposal includes?  How, exactly, do you plan to balance the budget […]