Tag Archives: Taxes/regulation

Obamacare Could Die We are at this very odd moment now.  We thought ACA was saved by a narrow vote some months ago, when John McCain joined Susan Collins and Lisa Murkowski to block the last version of Trumpcare.  Whew!  No need to worry about millions of people having their health insurance taken away!  Time to start pushing for single payer, Medicare for all, hah hah!  But, ooops! So here we are with only 12 days to go before the window in which the US...

by ProGrowthLiberal (originally published at Econospeak) Does Single Payer Pay for Itself? Was this the message of the title of the latest from Dean Baker: The economies of a single system can be viewed as analogous to the Social Security system, which has administrative costs that are less than 1/20th as much as privatized systems in places like Chile and the United Kingdom. The analogous institution in the health-care sector is of course Medicare, which...

Guest Author: Alan Collinge, StudentLoanJustice.Org,Both Alan and I have written various posts on the student loan crisis. Alan has been featured on Angry Bear Blog from time to time. If you are in college and looking for something worthy to fight for today; as a student, you should consider the student loan issue. Student loans and how they are administered are the national injustice of our time reaching threatening proportions and impacting the...

How to kill Social Security in 2 easy steps Here’s Kevin Drum advocating for step 1:  the best way to address retirement security is to continue reforming 401(k) plans and to expand Social Security—but only for low-income workers. Middle-class workers are generally doing reasonably well, and certainly as well as they did in the past. We don’t need a massive and expensive expansion of Social Security for everyone, but we do need to make Social Security...

Via Alternet: Why a Case Against a Dark Money Charter School Group Is Great News for Democracy Billionaire charter school backers in Massachusetts wanted their identities kept secret. In one of the most important decisions ever about dark money in politics, a Massachusetts charter school advocacy group has been ordered to make the names of its donors public, and pay the largest campaign finance fine in state history. The case is likely to reverberate...

Dan here…a reminder about our federal deficit. Deficits Do Matter, But Not the Way You Think 07.20.10    Roosevelt institute  L. Randall Wray In recent months, a form of mass hysteria has swept the country as fear of “unsustainable” budget deficits replaced the earlier concern about the financial crisis, job loss, and collapsing home prices. What is most troubling is that this shift in focus comes even as the government’s stimulus package winds down and...

Hurricane adjusted initial claims for week of Sept. 2: 239,000 Last week I promised I would repeat an exercise I first undertook in 2012 when Superstorm Sandy disrupted the initial claims data: estimating what the initial jobless claims would have been, but for the hurricane. In 2012 I created that adjustment by backing out the affected states (NY and NJ) from the non-seasonally adjusted data.  That gave me the number of initial claims filed in the other...

WHO OWNS THE WEALTH IN TAX HAVENS?, an NBER working paper, points to following the money: Drawing on newly published macroeconomic statistics, this paper estimates the amount of household wealth owned by each country in offshore tax havens. The equivalent of 10% of world GDP is held in tax havens globally, but this average masks a great deal of heterogeneity—from a few percent of GDP in Scandinavia, to about 15% in Continental Europe, and 60% in Gulf...

It Is Monday, And WaPo Bashes Social Security Again What a surprise, the Washington Post is at it again, and it is the usual culprit, Robert J. Samuelson. Of course he has his attack buried under a title that appears to point more broadly, “The deficit is everybody’s fault,” although not if “everybody” includes people who die before they become eligible for Social Security and Medicare (and those parts of Medicaid that go to old people).  He even has...

“If you tax investment income what will people do? Stuff their money in the mattress?” Steve Roth | October 15, 2012 9:25 pm Richard Thaler asks exactly the right question. This from the latest IGM Forum poll of big-name economists, on the effects of taxing income from “capital.” I’ve been over this multiple times before, but it’s nice to see the thinking validated by a real economist. If you’ve got money, there is no (practicable) alternative to...