Tag Archives: Taxes

(Didn’t think I’d get a chance to use this again) Guest post by Jeff Mosenkis of Innovations for Poverty Action Congratulations to Emi Nakamura, winner of the Clark medal. Noah Smith explains her work and why it’s rare for macroeconomists to win it.And congratulations to World Bank Chief Economist & Yale professor Penny Goldberg on her election to the National Academy of Sciences.A few years ago, the “Worm Wars” broke out when a team reanalyzed data from a classic finding on the benefits...

New Event from the Susquehanna Progressives. Drop by if you're around the area. Info below. "As activists we need to understand the history of US tax policies, how they have changed since the 50's and why, the affect on our social fabric and what the new tax bill will mean for the health of our nation (Presentation followed by Q&A)."Presenter: Matías Vernengo, Professor of Economics, Bucknell UniversityThursday, February 22 | 7:00 - 8:30 PM Community Zone, Market Street in...

By Marshall Auerback (This post was first published on Alternet) Is the bitcoin craze another in a series of history’s most infamous bubbles, or is it a genuine harbinger of a new global financial architecture? In spite of recent market turbulence, its champions see bitcoin (and its cryptocurrency peers) as an ideal market-generated solution as questions arise about the future viability of...

By J.D. ALT The Republican tax reform will be criticized on many fronts. It is a battle of criticisms that will likely become as chaotic, ill-informed, and counter-productive as the tax reform process itself has been. This is because it will surely ignore the only strategic battle-front that ultimately matters: the basic premise of what taxes are for and why they’re necessary. Before the Republican tax reformers even said a word, their arguments and proposals were packaged in the tired...

William K. Black September 26, 2017      Kansas City, MO UMKC has just hosted a well-attended conference on Modern Monetary Theory (MMT) and job guarantee (JG) programs in which the federal government would provide the funds for employer of last resort programs.  In conjunction, MMT and JG allow full employment to become the norm.  MMT is based on reality, it explains how the monetary system in a nation with a sovereign currency actually functions.  Most monetary theory taught in...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. Two podcast recommendations: NPR has a new podcast, Rough Translation, from former East Africa correspondent Gregory Warner (web, Apple). It looks at how questions we deal with here play out differently in other cultures. The first episode looks at how Brazil ended up with race tribunals to evaluate who was Black enough to qualify for affirmative action. The second looks at fake news planted by Russia in Ukraine. The fun “Tell...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. Two podcast recommendations: NPR has a new podcast, Rough Translation, from former East Africa correspondent Gregory Warner (web, Apple). It looks at how questions we deal with here play out differently in other cultures. The first episode looks at how Brazil ended up with race tribunals to evaluate who was Black enough to qualify for affirmative action. The second looks at fake news planted by Russia in Ukraine. The fun...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. Two podcast recommendations: NPR has a new podcast, Rough Translation, from former East Africa correspondent Gregory Warner (web, Apple). It looks at how questions we deal with here play out differently in other cultures. The first episode looks at how Brazil ended up with race tribunals to evaluate who was Black enough to qualify for affirmative action. The second looks at fake news planted by Russia in Ukraine. The fun “Tell...

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 around the local library.  But there is one thing dead people are allowed to do.  They’re allowed to dispose of assets, or rather,...

The announcement, and backtracking, on a 20% tax on Mexican imports caused a lot of confusion yesterday. I assumed like most that this was a proposal for a tariff, which would both ditch NAFTA rules and run afoul of the WTO rules. The wall and the tariff led to a cancellation of the Mexican president's trip, and a souring of the diplomatic relations. But in all fairness, it seems that this had little to do with Mexico.The Republican Tax Plan basically is to eliminate the corporate income...