Category Archives: Taxes

Carbon Tax Over-Rated

A carbon tax is an idea that has been around yet never deployed despite potential benefits because reasons, such as hurting the poor.

Michael Hudson: Is This the End of the Unreformable Democratic Party?

Have the contradictions of the Democratic Party’s overarching strategy finally become untenable?

Why America Needs a National Program of Paid Sick and Family Leave

Family leave is productive as well as humane, but American management has been keen to keep its boot on workers’ necks.

‘This Is a Battle Between What People Need & What Money Wants.’ How’s That Going to End?

Class warfare, American style, is ever more obvious. But how much are ordinary people taking note?

When the New York Times Colludes With the Billionaire Class

The New York Times a bit too obviously curries favor with the very best people.

Michael Hudson and Thomas Piketty Debate Inequality, Debt, and Reform

Thomas Piketty and Micheal Hudson address “What is debt,” and also address inequality, rentierism, and reform in the West and China.

“Yes, AOC’s Dress Was Performative Politics, But She Got Her Point Across”

Did the controversy around AOC’s “Tax the Rich” dress advance the cause of reducing inequality?

When Counterculture Goes Mainstream: A Dispatch from the 2021 Bitcoin Conference

How Bitcoin hard-core loyalists see the future of their project.

Myths, Lobbies Foster Competitive International Corporate Tax Cutting

Bad ideology, kept alive by lobbying and PR, has fueled an unproductive corporte tax race to the bottom. Is the tide finally turning?

Private Inequity: NYT Examines How the Private Equity Industry Avoids Taxes

Comprehensive NYT story examines how the private equity industry games the tax system, while the hapless IRS stands on the sidelines.

G7 Countries Reach Deal on 15% Global Minimum Tax Rate for Multinational Corporations

One critic of the agreement said that “by settling for anything less than a 25% tax rate, the G7 is telling their citizens and the world that they’re willing to keep the race to the bottom alive and kicking.”

Why Biden’s Carbon Pricing and Electric Vehicle Plans Won’t Avert Climate Crisis

Unfortunately, central Biden Administration climate change policies, like carbon taxes/pricing, fall well short of the level of action needed

UK Company Law and Tax Enforcement Is So Bad It’s Almost as if the Government Wanted to Encourage Tax Abuse

UK tax scamming goes mass, abusing the contact and trace program to the tune of hundreds of millions of pounds.

Private Equity and Hedge Fund Barons Having a Hissy Over Carried Interest Grift Because Biden Isn’t Staying Bought

The end of the carried interest loophole has been long in coming. Will the sell-by date finally arrive?

From an Un-Caring Economy to a Caring Economy: The Tax Justice Network Podcast, April 2021

“Caring economy” sounds awfully soft and fuzzy. However, it may finally be time to reject utlitarian views of how we organize our resources.