MMT Answers
A short MMT refresher course in the form of a Q&A.
Read more...Category Archives: Taxes
New Global Estimates on Profits in Tax Havens Suggest the Tax Loss Continues to Rise
Quelle surprise! Despite EU and US initiatives to curb corporate use of tax havens, big companies continue to fatten their wallets.
Read more...Sunak Has Been Set Up To Fail and the Likelihood Is That He Will
Rishi Sunak has a Mission Impossible even before getting to his bad impulses. Most countries in the West face the same long list of problems
Read more...Campaigners to Biden: ‘Tell Congress to Pass a Big Oil Windfall Profits Tax’
“Price gouging from Big Oil is unacceptable and that’s exactly why we need a Big Oil Windfall Profits Tax.”
Read more...Addiction Instead of Taxation
Increasing duties on tobacco is least effective amongst the least advantaged segments of the community at decreasing smoking. Over time, the effect of approaches such as this is to push an increasingly larger share of the burden for government revenue onto a smaller, and more disadvantaged and addicted section of the population.
Read more...Truss’s Plan to Hike Defence Funding and Ignore the Climate Is a Disaster
How Liz Truss’ defense budget math does not work…or does really well if the point is to roll social support back to Victorian workhouses.
Read more...Fears Over Cost of Living ‘Solutions’ Proposed by Truss-Backed Think Tanks
Liz Truss looks set to shaft ordinary Britons when the UK is already reeling from a cost of living crisis.
Read more...Republicans Are Being Mean to the IRS, Not That the Democrats Are Helping
It may seem peculiar to offer a defense of sort to the IRS, since most people here regard doing their taxes with even less enthusiasm than a visit to the dentist (although attitudes depend very much on the state of one’s finances and teeth). However, the reporting on the Democratic Party plan to increase IRS […]
Read more...Will the Inflation Reduction Act Actually Reduce Inflation? How Will the Corporate Minimum Tax work? An Economist Has Answers
A look at some of the tax and tax collection changes in the Inflation Reduction Act.
Read more...Climate Bill Passes: It Could Short-Circuit EV Tax Credits, Making Qualifying for Them Nearly Impossible
Did Joe Manchin sneak an EV poison pill of sorts into the just-passed climate legislation?
Read more...How Public Real Estate Investment Trusts Extract Wealth from Nursing Homes and Hospitals
REITs are considered “passive” investors but play a very active role in reshaping whole industries, like hospitals
Read more...Biden’s Climate Emergency: Will He Declare It?
Biden has put the idea of using the National Emergency Act to declare a climate emergency in play. What are its odds of happening?
Read more...Michael Hudson: From Junk Economics to a False View of History – Where Western Civilization Took a Wrong Turn
Hudson reviews how economics has misrepresented the evolution of money and land ownership and promoted oligarchy.
Read more...‘Time to Scrap the Cap’: Sanders, Warren Bill Targets Rich to Expand Social Security
Now, as Sen. Bernie Sanders notes, billionaires pay “the same amount of Social Security taxes as someone making $147,000 a year.”
Read more...Out of Africa: Rich Continent, Poor People
A new book documents the scale and mechanism of the looting of Africa.
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