tsuomela + taxes   107

Taxes: How low can you go? | Chrystia Freeland | Analysis
But the really surprising thing about the no-more-tax consensus is how much of an outlier it makes the United States compared both with the rest of the world and with itself in recent history. When it comes to foreign policy or to global economic dominance, American exceptionalism may indeed be in jeopardy. But when it comes to taxes, the United States is quite different from most other Western industrialized economies.
economics  politics  taxes  tax-cuts  ideology  international  comparison  from delicious
may 2012 by tsuomela
Bruce Bartlett: Tax Code Not Aligned With Basic Principles - NYTimes.com
We can see, then, that the tax system in the United States violates the fundamental principles of income taxation. Those are “vertical equity,” which says that those with upper incomes should pay a higher effective tax rate than those with modest incomes — as far back as Adam Smith, ability to pay has always been a core principle of taxation — and “horizontal equity,” which says that those with roughly the same income ought to pay roughly the same taxes.
politics  government  taxes  income  fairness  principles  from delicious
february 2012 by tsuomela
Happy Constitution Day « The Baseline Scenario
"I think this is relevant because it gets at the question of what the modern conservative movement and the Tea Party are all about."
business  tea-party  politics  conservatism  taxes  class 
september 2011 by tsuomela
The Slack Wire: Public Options: The General Case
"Under what conditions does public spending on higher ed increase the number of people in college, and under what conditions does it just enrich Kaplan and the Harvard endowment? More broadly, it seems to me that the price effect of subsidies is a neglected argument for direct provision of public goods."
economics  subsidy  public  taxes  public-goods 
april 2011 by tsuomela
Lance Mannion: Moloch
"But mostly what happens, what the Republicans expect to happen because they work to make it happen, is that people either don’t allow themselves to think about it or they scapegoat.

They don’t have to think about their kids, don’t have to worry about them. Their kids are going to be fine. Their kids and grandkids are going to be among the winners. It’s their kids who’ll suffer. Them. Those others. The losers."
rant  tea-party  conservatism  politics  economics  taxes  tax-cuts  ideology 
april 2011 by tsuomela
U.S. Intellectual History: Liberty and Order: Or, the Perplexities of American Conservatism
"This liberty-order distinction is instructive, but it got me thinking: it’s simply incorrect to imply that American conservatism tilts unequivocally in “live free or die” directions. Here I would call attention to David Sehat’s book, The Myth of American Religious Freedom, about the rise and fall of the American Protestant moral establishment. Sehat points out that, insofar as the Christian Right has mobilized since the 1960s to reassert a moral establishment in the midst of an increasingly secular and individualistic public sphere, it is hardly libertarian. "
tea-party  conservatism  libertarian  history  political-science  freedom  taxes  tax-cuts  ideology 
april 2011 by tsuomela
Confessions of a Community College Dean: Nobody Calls
"When they cut budgets for police, the phones ring off the hook. When they cut budgets for fire departments, the phones ring. When they cut budgets for K-12, the phones ring. But when they cut public higher ed, nobody calls. "
education  academia  academic  public  government  support  taxes 
march 2011 by tsuomela
The Wisconsin Lie Exposed – Taxpayers Actually Contribute Nothing To Public Employee Pensions - Rick Ungar - The Policy Page - Forbes
"The pension plan is the direct result of deferred compensation- money that employees would have been paid as cash salary but choose, instead, to have placed in the state operated pension fund where the money can be professionally invested (at a lower cost of management) for the future."
state(Wisconsin)  union  labor  protests  public  taxes 
march 2011 by tsuomela
Stumbling and Mumbling: The wage squeeze, statism
"Can capitalism work in the interests of working people? Mervyn King has, inadvertently, revived this old question*. Last night, he pointed to falling real wages and said:

The squeeze in living standards is the inevitable price to pay for the financial crisis and subsequent rebalancing of the world and UK economies.

But this just raises the question: why must the squeeze be upon workers in the form of falling wages, rather than capitalists in the form of lower profits? As Duncan says, the question of who pays that bill is a political choice."
economics  recession  labor  capital  capitalism  crisis  taxes  socialism 
january 2011 by tsuomela
tax.com: Reasons, Rule and Riots: Our Societal Panic
"Our societal panic is about what we as a nation fear almost as much as death itself -- the end of American abundance, the death of the idea that each generation would do better than the last, the end of the notion that everyone who works hard and plays by the rules will at least prosper in the sense of having a roof over their heads and enough to eat. Our societal panic is about a new world of mind-numbing complexity where speculation with algorithms and borrowed money pays more in a day than thoughtful investment may return in a lifetime, where jobs pay less tomorrow than yesterday, and where loyalty is something we associate with frequent flier programs rather than careers. "
america  future  policy  taxes  fiscal-policy  government  panic 
december 2010 by tsuomela
Ezra Klein - How the White House cut its deal and lost its base
Instead, the White House disappeared into a closed room with the Republicans and cut a deal that they'd made no effort to sell to progressives. When the deal was cut, the president took an oblique shot at their preferences, saying "the American people didn’t send us here to wage symbolic battles or win symbolic victories." And this came a mere week or two after the White House announced a federal pay freeze. The pattern, for progressives, seems clear: The White House uses them during elections, but doesn't listen to, or consult them, while governing. In fact, it insults them, and then tells them to quiet down, they got the best bargain possible, even if it wasn't the one they'd asked for, or been promised.
politics  progressive  obama  style  negotiating  republicans  taxes  democrats  economics 
december 2010 by tsuomela
Comforting the Comfortable Part Two, or Sullivan’s Follies Redux « The Inverse Square Blog
This has gone on long enough.  You can go on down the list and look for other examples yourself: the medicine-based fortunes, entangled at every turn in a system of government support from direct health care payments to enormous taxpayer investments in drug discovery and basic research; the sports wealthy, whose wallets have been fattened on many occasions by a wide variety of taxpayer-delivered goodies, from roads built around stadia to bonds sold, with taxpayers on the hook, to subsidize “private” business.  Media?  See internet, taxpayer funded, above.  You get the picture.
..
It is to say that they have already been very richly rewarded for their accomplishments, that even the most original of them have reached their happy state within a framework of public goods, owned in common, and paid-for-by-others  – and to note that a substantial proportion of them have less reason than others to claim particular personal credit for their fortunate situation.
class-war  wealth  taxes  ideology  rich  rewards 
november 2010 by tsuomela
Balloon Juice » Blog Archive » Please Just Make Sullivan Stop Writing About This
And Sullivan is upset because “the Balloon Juice gang” won’t give our “successful betters” like Donald Trump and that whiny professor from Chicago a sloppy blowjob for bearing the horrifying burden of being rich. According to Andrew, unknown numbers of liberals refuse to internalize some bullshit he made up, when he can’t even see what is going on before his very eyes. The fact that the wealthiest in society have managed to convince Sully, the teahadists, and middle and low income Republicans that it is the poor waging class warfare is a greater feat for the Wurlitzer than even the Devil’s greatest trick
class-war  wealth  taxes  ideology 
november 2010 by tsuomela
F*ck the Laffer Curve – Individual Vs. Social Consumption « The Realignment Project
In other words, the Laffer Curve doesn’t necessarily bend at all. Instead, as we move from left to right on the X axis, tax revenue might increase or hold steady, and the only thing that shifts is the distribution of income between the individual consumption of consumer goods from wage income (i.e, the “market wage”) to the social consumption of collective goods ( i.e, the “social wage”).
economics  government  spending  fiscal-policy  jobs  employment  consumption  taxes  laffer-curve  work 
october 2010 by tsuomela
Americans Want to Live in Sweden « The Baseline Scenario
This is one of the themes brought up in Winner-Take-All Politics by Jacob Hacker and Paul Pierson. Americans really think that society should be considerably more equal than it is, and that attitude has not shifted appreciably during the past thirty years. Yet our political system produces policies that make America more and more unequal, predominantly by cutting taxes for the very rich. Hacker and Pierson’s point is that there has not been an ideological shift toward conservative positions in the country at large (at least not on this issue). Instead, it’s the game of politics that has changed, so policy has become more disassociated from the preferences of the people.
politics  tax-cuts  taxes  wealth  income-distribution  public-opinion 
october 2010 by tsuomela
Paying for what you use up « The Reality-Based Community
Among the standard bleats of those who want [to be heard asking for] less taxes on everyone, and want to actually have less taxes on on the bleater personally, is a sort of pugnacious Babbitty claim that “I earned my money by my own efforts and when the government takes it from me it’s theft.” Another is that individuals will spend a given dollar better than the government. If you recognize these as ignorant cant, you might as well scroll up or down to the next post which will assuredly enlighten you more than this one. Short version of the first lesson: what’s yours is what’s left after you pay for what you use up, which means after taxes. Shorter version: don’t like government? Try Somalia (and let us know how that works out for you). Short version of the second: just how do you propose to privately pay everyone to mean the same weight when they sell you a “pound” of something? Do you really want to buy a set of the satellites that make your GPS work by yourself?
politics  taxes  tax-cuts  government 
september 2010 by tsuomela
Do Tax Cuts Starve the Beast? - TheFiscalTimes.com
Over the weekend, Sen. John Kyl, R-Ariz., asserted that despite the large budget deficit, tax cuts must never be offset, budgetarily. This view is consistent with a philosophy long held in Republican circles that tax cuts without any offsetting spending cuts are the epitome of fiscal responsibility because they will somehow automatically “starve the beast.” Starve the beast theory has been the subject of much recent academic research, all of it showing that there is no truth to it whatsoever. Indeed, the literature shows that the effect is actually perverse; leading to higher spending because the tax-cost is reduced by tax cuts.
tax-cuts  taxes  supply-side  economics  government  research  starve-the-beast  ideology  policy 
july 2010 by tsuomela
The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks
This paper investigates the impact of changes in the level of taxation on economic activity. We use the narrative record -- presidential speeches, executive-branch documents, and Congressional reports -- to identify the size, timing, and principal motivation for all major postwar tax policy actions. This narrative analysis allows us to separate revenue changes resulting from legislation from changes occurring for other reasons.
tax-cuts  taxes  economics  econometrics  american  history  2h20c  paper  research 
july 2010 by tsuomela
NBER.org - Macroeconomic Effect of Tax Changes
In The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks (NBER Working Paper No. 13264), authors Christina Romer and David Romer observe that this difficulty is just one manifestation of a more general problem. Changes in taxes occur for many reasons. And, because the factors that give rise to tax changes often are correlated with other developments in the economy, disentangling the effects of the tax changes from the effects of these underlying factors is inherently difficult.
tax-cuts  taxes  economics  econometrics  american  history  2h20c 
july 2010 by tsuomela
TaxVox: the Tax Policy Center blog :: Starving the Beast or Free Lunch?
This idea, colloquially known since the days of Ronald Reagan as “starve the beast,” seems at first glance to make perfect sense. After all, if you want to stop someone from spending, take away their checkbook. It worked great. Until the invention of credit cards.

Unfortunately, those who bought this theory never counted on a Congress whose insatiable desire to spend was encouraged, not curbed, by tax cuts. It hardly mattered whether Democrats or Republicans were in charge. In fact, for much of the past 30 years it turned out that Republicans were more enthusiastic about spending than Democrats. And delinking spending from taxes made all those new programs appear free, thus encouraging more of them
taxes  policy  economics  government 
july 2010 by tsuomela
We Can’t Afford This House - Christopher Papagianis and Reihan Salam - National Review Online
In the United States, our industrial policy for most of the last century has been centered on housing. Tax subsidies and the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have helped channel hundreds of billions of dollars into housing...

What we need now is to turn away from this disastrous policy and find new, sustainable sources of jobs and economic growth. That will require a series of painful steps — among them, phasing out the mortgage-interest deduction and eliminating the GSEs — that will minimize the privileges housing enjoys relative to investments in other industries.
economics  housing  taxes  policy  politics  mortgage  conservative 
july 2010 by tsuomela
tax.com: U.S. Tax Rates: A Bargain Hunter's Dream?
So in the years since 1985, what do you think Americans have increased their spending on the least?

The answer, the 2010 Statistical Abstract shows, is taxes.
taxes  tax-cuts  money  economics  statistics  4q20c  government  spending  deficit 
july 2010 by tsuomela
Hullabaloo - Going Backwards
When people would rather that their kids choke on dirt than pay taxes, I'm guessing that pointing out that their unwillingness to pay taxes will result in tainted meat and dangerous drugs won't convince them. Living in a primitive state is a sign of their devotion.
politics  taxes  anti-tax  ideology  regressive  history  conservatism 
july 2010 by tsuomela
Don't Blame the Billionaires | The American Prospect
The answer, then, is to not decry inequality in and of itself. That's a losing proposition in the United States. Anyway, it distracts from the real issue: opportunity. Whether that's the inadequate health care that the poor disproportionately receive, the dearth of human capital investment at the bottom, or the lack of political voice that most of us have, the game itself is hardly fair in America. Overhauling this rigged system -- not decrying its winners -- is a much more effective (and politically wise) strategy to ensure a prosperous and just society for all.
equality  inequality  income-distribution  income  taxes  economics  politics  reform  class 
march 2010 by tsuomela
Matt Miller - It's not our debt that's unsustainable, it's our politics - washingtonpost.com
As a debt worrywart who devoured one of Pete Peterson's doomsday books on my (first) honeymoon, and who came to Washington to help balance the budget in the 1990s, I take a back seat to no one when it comes to deficit hawkery. But the current panic over the national debt is a little mad. Yes, it's a fine thing that President Obama is naming Alan Simpson and Erskine Bowles to head up the fiscal commission he'll unveil Thursday. And Republican glee and Democratic fear over the political fallout from trillion-dollar deficits are understandable. But, at least for now, the policy consequences are modest and manageable.
government  federal  debt  budget  taxes  money  fiscal-policy 
february 2010 by tsuomela
We Can't Cut Spending - Forbes.com
A conservative argues that there are not enough votes to balance the federal budget by cutting spending, so it's time to start talking about other options.
politics  spending  budget  deficit  republicans  government  conservative  taxes 
september 2009 by tsuomela
Gregory Clark -- As Economic Disparity Grows, Higher Taxes May Be Only Solution
..the economic problems of the future will not be about growth but about something more nettlesome: the ineluctable increase in the number of people with no marketable skills, and technology's role not as the antidote to social conflict, but as its instigator.
technology-effects  employment  jobs  labor  skills  education  taxes  economics  trends  future 
august 2009 by tsuomela
The Next Tax Revolt | The American Prospect
The most important issue is whether or not the government has the revenue needed to finance generous spending on social services. The Scandinavian model of a cradle-to-grave welfare state financed largely through regressive taxation is not regarded as punitive to the poor.
politics  taxes  income-distribution  wealth  progressive 
july 2009 by tsuomela
The Tax Foundation - Both Candidates' Tax Plans Will Reduce Millions of Taxpayers' Liability to Zero (or Less)
The chart below shows that major structural tax changes enacted during the 1980s contributed greatly to the doubling of nonpayers. Perhaps the most significant was indexing the tax brackets in 1985 to prevent inflation from pushing people into higher tax brackets. Also, the Tax Reform Act of 1986 nearly doubled the personal exemption and replaced the zero-bracket with the basic standard deduction for nonitemizers.
taxes  politics  subsidy 
july 2009 by tsuomela
Dana Blankenhorn: The Lies of the Peachtree Road Race
"Government is taxing us to death," was the message of one onlooker in Buckhead. "Government or freedom" was the message of another.

These are assumptions deeply ingrained in Southern history. They have resonated since before the Civil War. They are the majority view throughout the region.

And they are wrong. Dead wrong.
economics  politics  taxes  conservatism  debunk 
july 2009 by tsuomela
SILOs --more action needed? ~ Angry Bear
Tax advantaged "sale-leasebacks" with strapped-for-cash municipalities (SILOs, in the ever-present tax acronym set) came back to light when the Washington Metro train crashed a week ago. The cars were ones that were involved in the metro authority's SILO deals with various banks, and the authority didn't have any spare cash left to fund replacements
economics  city  taxes  banking  law  crisis  stupidity 
july 2009 by tsuomela
slacktivist: Post-apocalyptic anarchy day
The pseudo-economists of the Tax Foundation, likewise, propose a radical alteration of the world as we know it, but fail to explore, appreciate or allow for the implications of that alteration. They propose a world without taxes, which is to say a world without government. Yet in their very next breath they suggest that this alternate reality -- this world without any taxes, without any government -- would be so utterly similar to our current reality that easy comparisons can be made.

That's insane.
tax-cuts  taxes  anti-tax  infrastructure  hidden-assumptions  stupidity 
april 2009 by tsuomela
Pulp Nonfiction
Story about the paper industry dumping diesel into lignin in order to collect a tax credit for combining alternative and taxable fuels, thus thwarting the intent of Congress to reduce fossil fuel use.
government  regulation  exploitation  taxes  business  business-as-usual  loophole  gaming-the-system 
april 2009 by tsuomela
Tax Rates and Tax Havens ~ Angry Bear
Nonetheless, we can draw some conclusions. High top tax rates did not create tax havens.

Many will argue that tax havens arose as a response to high taxes. Tax havens came into play after top rates had fallen significantly. To argue that 50% tax rates or higher--say 70% or even 90%--forced the wealthy to go elsewhere is not exactly persuasive.
taxes  tax-cuts  law  foreign  money  rich  wealth 
march 2009 by tsuomela
Economic Death and Millionaire Taxes by David Sirota on Creators.com - A Syndicate Of Talent
When New Jersey recently raised taxes on the wealthy, Princeton University researchers found that most of those who later left the state moved to places with higher taxes, meaning there is no causative link between levies on the rich and residential flight.
Likewise, when New York temporarily raised high-income taxes after 9/11, the state added 127,000 jobs, meaning no link exists between higher taxes on the rich and job loss.
money  economics  taxes  debunk 
march 2009 by tsuomela
Incendiary Data in a Plain Paper Journal | OurFuture.org
America’s rich have, in effect, seen their tax burden shrink a third since 1986.

Over this same period, the top 1 percent have doubled their share of the nation’s income, from 11.3 percent of the total in 1986 to 22.1 percent in 2006.
income-distribution  taxes  government  data  money  wealth  politics  rich 
march 2009 by tsuomela
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