“We Need to Raise a Lot More in Tax from the Wealthy but That Does Not Convince Me That We Need a Wealth Tax”
Why a wealth tax is not only no magic bullet, but also not likely to work very well.
Read more...Category Archives: Taxes
Hunter Biden Plea Deal Collapse: Dirty, Desperate Dealings in Delaware
Hunter Biden seems to have quite the affinity for hot water. Judge Noreika has sent his irregular plea deal back to the drawing board.
Read more...Former Apollo Chief Leon Black Has More Jeffrey Epstein ‘Splaining To Do with Tax Evasion, Alleged Rape of Autistic 16 Year Old
Shed a crocodile tear. Former private equity kingpin Leon Black is back in hot water thanks to his dealings with child rapist Jeffrey Epstein
Read more...Book Review: Richard Vague, “The Paradox of Debt”
And why finding reforms to our current economic system is a Sisyphean task.
Read more...As Nonprofit Hospitals Reap Big Tax Breaks, States Scrutinize Their Required Charity Spending
A state court, citing “eye-popping” executive compensation, strikes down a hospital’s property tax break and strikes fear into the nonprofit hospital industry across the US.
Read more...I Tried to Pay My Taxes in Cash – Here’s What Happened, and Why the IRS Should Make It Easier To Do So
A shaggy dog story on trying to get the IRS to accept cash….
Read more...Biden Administration Urged to Take More Aggressive Steps to Relieve Medical Debt
The Biden Administration has yet to take comparatively easy steps to reduce medical debt abuses.
Read more...‘Absolute Hypocrisy’: GOP Unveils Bill to Make Trump Tax Cuts Permanent While Howling About Debt
The point of the debt ceiling melodrama is to give fiscal hawks another whack at budget-cutting. Tax increase are therefore off the table.
Read more...Russia’s Budget Deficit Jumps Amid Plunging Oil Revenues
Russia had a budget shortfall due to a fall in energy-related tax receipts. How serious a problem is this development?
Read more...MMT Answers
A short MMT refresher course in the form of a Q&A.
Read more...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.
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