The Angry Bear

A properly or funded IRS is reaching out to various high-income constituents to collect back taxes. It appears their efforts are paying off in increasing tax collections, Compliance efforts continue involving high-wealth groups, corporations, partnerships. IRS July 11, 2024 WASHINGTON — Continuing compliance efforts under the Inflation Reduction Act by the Internal Revenue Service is resulting in increasing tax collections. The IRS announced...

by David Zetland The one-handed economist Sometimes you just want the answer I’ve been thinking of the costs of “staying in place” (in terms of consumption) while Climate Chaos damages arrive since I read 2052 a few years ago (my review). It works like this: CC means that free and useful ecosystem services (e.g., cleaning water, regulating temperatures) are turning into expensive and harmful ecosystem attacks (e.g., storms, floods, heat...

Important Alert: Update on Project 2025, Civil Discourse Claiming in a press release that they had “nothing to do” with Project 2025 and that it wasn’t “associated with the campaign or the President in any way.” In what appeared to be a closely related action to Paul Dans departure, the Trump campaign disavowed Project 2025. Of course not, Heritage Foundation took this on its own without the Republican party’s knowledge. Yeah, right . .....

The latest Jobs Report numbers I pulled off of the Bureau of Labor Statistics website. It would appear the FED has done its job in lowering inflation to the point the nation may slip into a recession. For the last couple of months this is what New Deal democrat has been reporting also. “In other words, if 2% inflation is a target and not a ceiling, the Fed need not wait any further before starting to trim interest rates lower.“ Latest Bureau...

Repeat home sales were benign in May, forecast continued downtrend in shelter CPI in months ahead  – by New Deal democrat First, a brief administrative note: I am traveling this week, so posting is going to be sporadic and delayed. I’ll get to this morning’s JOLTS report later today or tomorrow morning. With that out of the way, let’s take a look at repeat home sales prices. To reiterate my focus, in the housing data I am looking at any...

I subscribe to Prof. Heather’s “Letters” site. Sometimes I will comment there in my usual style of discussion and providing information. Yesterday’s commentary is about SCOTUS and its drift away from neutrality in making its ever-lasting decisions. This is not about whether SCOTUS is a conservative or liberal court. Many of the previous courts have been conservative in their decisions. This SCOTUS has taken a stance of declaring some are immune to...

The second part of my book proposal is a chapter outline and summary. I will be doing that on the installment plan, one chapter at a time. Below is a table of contents: 2.0 Marx’s Fetters and the Realm of Freedom: a remedial reading – part 2.0 – Angry Bear 2.1 Ambivalence – Angry Bear 2.2 Der Gefesselte Marx – Angry Bear 2.3 Inversion – Angry Bear 2.4 Alienated labour and disposable time – Angry Bear 2.5 Pauperism and “minus-labour”...

Why You Might Be Responsible For Paying Your Parents’ Medical Debts, by Kelly Phillips Forbes In her five years as a Democratic member of Pennsylvania’s State House, Kristine Howard has fought for gun control, abortion rights, environmental protections and greater funding for public education. But this year, after the death of a colleague, Anthony M. DeLuca Sr., she took up his decade-long crusade to change an obscure state law under the...

Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.0 The second part of my book proposal is a chapter outline and summary. I will be doing that on the installment plan, one chapter at a time. Below is a table of contents: Fetters/Der Gefesselte Marx Ambivalence Inversion Alienated labour and disposable time Pauperism and “minus-labour” From sufficiency to planned obsolescence… and back? The...

 I have my usual thoughts about inflation. People confuse levels and changes. I think this is a fundamental cognitive illusion. I think perceived inflation and the perceived effect of inflation on real incomes are based on an impressive pair of errors. 1) people estimate inflation from the price level comparing current prices to prices they remember and consider reasonable. As noted by Krugman and Nate Silver, this is not necessarily an error. It...