Will Disappointing Tax Reform Puncture the Stock Market Bubble?
Why the Trump tax reform is likely to be a damp squib.
Read more...Category Archives: Taxes
School Funding Fight in Illinois: Billionaire Ex-Private Equity Governor Rauner v. 2 Million Students
Yves here. Notice how all the hysteria over evil Rooskies, North Korea, and neo-Nazis on the march has diverted media attention away from fights over economic issues? In Illinois, Governor Rauner is pushing through a scheme to curb funding to schools that is designed to hit lower property tax districts and Chicago particularly hard. Some […]
Read more...The Case Against a Consumption Tax
Why a consumption tax does not hold up under close scrutiny.
Read more...GOP and Democrats Push Trump on Tax Reform
Both parties only have sketches of tax reform plans, and each has basic deficiencies.
Read more...Why Tax Cuts for the Rich Solve Nothing
An update on Republican tax cut plans, and why they are economic chicanery.
Read more...Inequality: How We Got Here, and What Should Be Done
More discussion of the causes of rising inequality and possible remedies.
Read more...Mr. Market Starts to Question Trump Trade Delusion
A look at the “Trump trade” pearl clutching yesterday.
Read more...Illinois Bill Targets Carried Interest Loophole
The Illinois, New York and Connecticut legislatures are end-running the Feds by going after the carried interest loophole.
Read more...Private Equity Clutching Pearls Over Sweden Ending Carried Interest Loophole
Has Sweden become the mouse that roared at private equity?
Read more...Taxes, and the Parable of “Turning Litter Into Money”
I take my business cards out here, and these are twenty dollars a piece, if anybody wants to buy any. No? Any takers?
Read more...The Caymans: Reputation, Rhetoric, and Reality
How the Caymans compare to other secrecy jurisdictions.
Read more...Inequality in the US: A Tale of Two Countries
A look at US inequality, before and after tax and transfers.
Read more...Taxcast: Staggering Expense of Finance Sectors, Brexit
On Tax Justice Network’s Taxcast, Professor Gerald Epstein weighs in on the cost and dangers of major finance centers.
Read more...Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]
Read more...Taxing Robots?
Contra Bill Gates, economists are not keen about taxing robots.
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