Tag Archives: Taxes/regulation

I was a graduate student in a STEM program when Reagan was elected and the Laffer curve was used to justify tax cuts. The problem that immediately stood out to me at the time was that neither the ordinate nor the abscissa in the Laffer graph had scales, so it was impossible to assess where, exactly, the inflection point occurred. Based on the symmetrical drawing, we’re meant to infer that a 50% tax rate is the point after which government revenue...

Steve Hutkins again addressing the implementation of the DeJoy system in Georgia. Supervisory competency came up in a message to the PRC. There has always been a give and take between management and labor. In this instance, managements probably have the same labor experience as what present labor has. If that is not the issue, then what is? New system implemented by DeJoy and a lack of training of Supervisors and Labor. They are learning as...

I was going to finish this up two days ago. Except I got sick and was sweating for two nights in a row. And slept most of the first day and some of today. I had been fighting this for a about 5 days and then it came om stronger. Today, I feel I am back, but at half speed. I posted “Senator Warrens Clawback on money looted by Cereberus” here. She called it:“The third and best source of funds would be a clawback of money looted by Cerberus, de la...

Each year in retirement, we take a certain amount of funds from our IRAs and it becomes income. This is a bit different than when we were paying regular income taxes on our yearly income minus investments. I was curious about this as the big story today is rich people slugging away thousands and maybe millions into investments. The investments grow and are not taxable until withdrawal (unless there is another way to avoid taxes). These are smarter...

By Les Leopold Chelsea Green Publishing Interesting book I just started to touch upon. Book review by Paul Prescod. Last section touches upon why layoffs may happen . . . Stock Buybacks and Deregulation. Across the political spectrum, it seems as if the right to decent employment has disappeared from the agenda. Wars, natural disasters, and Donald Trump’s antics grab headlines while the closing of a major factory doesn’t register a blip....

Atlanta USPS Regional Processing and Distribution Centers crashes on launch by Steve Hutkins Save the Post Office This is a long post. It is the only way Steve can get it across the issues created by Louis Dejoy’s incompetence. Look out 2024 Presidential Election, we will have a battle on our hands. Think of SCOTUS. With the botched-up implementation of the new USPS Processing and Distribution Centers going on the way they are, we will...

Ran across am Americans for Tax Fairness article last night. Corporation tax dodging and executive pay has both is far out of control. A significant number of major U.S. corporations are paying their top executives more than they’re paying federal income taxes.  Matters have worsened with trump taking office in 2016 and the TCJA Making the Tax System, and the Tax Season More Burdensome. There is roughly a $2.1 trillion deficit resulting from this...

Hal Singer at Lever News wrote a commentary explaining how banks (mostly) are upset with the Consumer Financial Protection Bureau capping credit card late fees at $8. One would think this covers every bank. It does not and only covers banks with more than 1 million card holders. Any bank or organization with less customers can avoid the new rule. And of course there are other exceptions. The new rule takes effect sixty days after being posted in...

If nothing is done, the Social Security Trust Fund is currently projected to run out in about 2033. At that point, projected benefits will fall by about 20%.The Boston Globe has an opinion piece about the coming Social Security crisis/crunch. It talks about how Canada deals with the problem. I have a subscription and so don’t know if the link below is paywalled, but here are the nut grafs:“Mechanically it works as follows. Every three years, Canada’s...

A comprehensive All-Payer Claims Databases would help the health care system become more effective and efficient. The Department of Labor could do something about that, but hasn’t. Merrill at GoozNews is depicting why providers and software vendors closely guard patient information, maintaining exclusivity so as patients have to rely on them. Insurance companies follow suit so as to maintain the frequency and particularity of care for disease,...