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

Taxation’s Rhetoric: Today and yesterday’s economic crap

by: Divorced one like Bush In a posting regarding which presidents would be considered socialist I found the following curious:1921 – 4% 73% Census1922 – 4% 56% Census1923 – 3% 56% Census1924 – 1.5% 46% Census1925-1928 – 1.5% 25% Census1929 – 0.375% 24% Census1930-1931 – 1.125% 25% Census 1982-1986 12 brackets 12% 50% IRS1987 5 […]

The myth of the argument is in the conflation

By: Divorced one like Bush I am responding to a post put up at Crooks and Liars: The McCain campaign small business myth. It presents that the myth is found in the number of small businesses in existance and what percentage of them earns $250,000 or more. I love C and L, but this is […]

Where are the Household Entrepreneurs?

Glancing through the CBO survey that only checked one side of the ledger, and therefore made Greg Mankiw happy, I came across the data on Corporate Taxes paid, by Quintile of Income. Now, there has been a groundswell of declarations that people aren’t “leaving the job market”; instead, they are supposedly being “entrepreneurs,” starting their […]

Capital Gains and Dividend Taxes

We keep hearing from the conservatives-libertarian that we need lower taxes on capital gains and dividends to encourage capital spending or investments. But when I look at the record of the impact of lower taxes on capital on investment I am hard pressed to see the benefits such lower taxes are suppose to deliver. The […]