I recently touted the benefits of a financial transaction tax (FTT), and in the intro, I made a comment about how our tax code is titled toward the wealthy. Chris Edwards very reasonably takes issue, correctly noting that our federal tax code is, in fact, quite progressive, meaning that low-income households face a much lower… Read more
Interesting news out of the HRC campaign yesterday. They’re considering tweaking the capital gains tax rate schedule to incent more patient holdings and push back on what they call “quarterly capitalism.” Though they haven’t formally announced anything, they’re talking about raising the top rate on assets held for the medium term from its current 24%… Read more
Hey, OTE’ers, ready for another round of “where’s JB?” I took the photo below on a bit of a jog yesterday from somewhere within these here United States (somewhere very beautiful). As usual, the winner gets to pick the music for a Friday interlude. I’m here in ____ talking about the precarious state of financial… Read more
Covering a lot of ground in this Skype interview from World Finance. Check it out. Connection isn’t perfect, which also invokes economics (the Comcast monopoly in northern VA) but that’s a topic for another day.
And not just re her speech, of course, but these figures represent critical themes she and the other candidates have and will continue to hit on. First (h/t: Larry Mishel), here is something I suspect you haven’t seen, because these compensation data (wages + benefits) are not as well known as they should be. They… Read more