Certainly the tax bill, which is now close to becoming law, is far from perfect. Just as certainly it has some things in it that needed to be done like lowering the industrialized world’s highest corporate tax rate, doubling the standard deduction for individuals, and wiping out many (but not eno More...
We all know the Chinese proverb:
“You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime.”
Elon Musk, founder of Tesla and SpaceX, thinks that robots will do all the More...
The way the US currently taxes corporate income is toxic for American workers when coupled with globalization. It turns free trade, which I think is a good thing, into unfair trade. It is a bizarre structure which only its parents – lobbyists and those corporations which benefit from it – could l More...
Why are people who are passionate about saving us from the perils of global warming often found in opposition to natural gas drilling and pipelines?
If you’re worried about global warming and think we need to do something quickly, you should love natural gas. It emits 50% less CO2More...
Every economist worth her or his salt has a theory about why the great recession was followed by a nearly jobless recovery. Historically, lots of jobs are created in a surge when the economy is recovering; didn’t happen this time; many people left the work force and never came back.
I’m n More...
The President's own National Commission on Fiscal Responsibility and Reform recommended a much flatter tax structure and elimination of most tax deductions and credits in More...
We need government and we need banks; but we don't need government to be as big as it's grown and we don't need banks which are too big to fail. When sectors like government or banking grow out of proportion to the benefits they bring, the economy as a whole suffers from a misallocation of resour More...
The US economy is improving. This improvement is inconvenient for both major political parties so it isn't getting much attention or credit. The improvement is slow – but might be faster if it got the recognition it deserves since improvement depends on consumer and business confidence.
Th More...
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