Category Archives: Economics

Revenue neutral flat tax proposal

Greg Mankiw thought enough of this flat tax analysis to give it some link love.    Money quote: For 2005, I come up with a tax rate of 31.85% and a deduction of $35,725. 32%, eh?  Somehow I doubt Steve Forbes … Continue reading

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Mommy, where do budget deficits come from?

OK, now that both Artie Laffer and Greg Mankiw have come out and said that tax cuts don’t pay for themselves, would Rudy please stop asserting that “he knows they do?”  I’d even be satisfied with his saying “it’s only … Continue reading

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Serving God and Mammon

Fortune Small Business reviews the new film The Call of the Entrepreneur.  I was not surprised to find they thought the treatment was ham-handed; media that is generated by religious groups often feels tendentious and agenda-driven.

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What does the CBO’s latest tax report show?

The CBO just released its report on Historical Effective Federal Tax Rates for years up to 2005 (latest available data). It shows several interesting things: The top quintile of Americans is getting richer much faster than the bottom (Paul Krugman). … Continue reading

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The Credit Card Industry needs a Lerach Attack

Wall Street Journal Editorial page nemesis Bill Lerach may be headed to the slammer for his misdeeds – but that doesn’t mean we don’t still need aggressive class action lawsuits to rein in misbehaving corporations. Disagree? Check out the cover … Continue reading

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We’re #1! We’re #1!

In healthcare spending. :( The big brains over at McKinsey Global Institute have come up with an analysis of our healthcare spending (free registration required). Even if you’re not a US resident, it’s worth spending some time reading it just … Continue reading

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Social Security: Krugman v. Mankiw

I report, you decide. Krugman: the money’s in the vault. Mankiw:  no it ain’t! Whether you agree with Paul or Greg, one thing’s for sure: although money is a scarce resource in Washington, blame and mendacity are not.   I just … Continue reading

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