Hey, What’d I Miss? OTE Summary, 9/24 – 9/30

October 1st, 2012 at 9:28 pm
  • Pointing to two Center on Budget blog posts worth checking out:  learn who the 46% of households that don’t pay federal income tax are (hint:  low-wage workers!), and why the House-passed Buffett Rule Act doesn’t merit the name.
  • Breaking down a critical argument on temporary spending increases:  I’m not claiming that stimulus is a free lunch, but I’m very much claiming it’s not what’s driving the budget deficit going forward.
  • Highlighting a head-scratcher:  it doesn’t matter if banks deceive customers?  Really!?
  • Considering two economic reports from this past week:  the preliminary benchmark revision to the payroll jobs survey and revision of real GDP growth for the second quarter.
  • Taking on electoral calculus:  aside from their entanglement with the current horse race, what can economic indicators tell us about elections in general?
  • Recapping my debate on poverty policy opposite eminent social policy scholar and critic Charles Murray out at the University of Michigan.
  • Mulling over the question as to whether economic growth is hurt by rising inequality:  it’s a challenging relationship to prove, though it suggests a number of simplifying, and hopefully elucidating, models.


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2 comments in reply to "Hey, What’d I Miss? OTE Summary, 9/24 – 9/30"

  1. D. C. Sessions says:

    One that’s been bugging me for a long time (either YAIA or some other treatment):

    What would the consequences be of shifting from an income-based tax to a wealth-based tax, in whole or in part? A wealth tax would be intrinsically progressive, of course, and from the rough numbers a rate of about 2% would replace the revenues from the income tax. That’s nice.

    But, as always, taxes alter behavior. So what should we expect from the (hypothetical) change?

  2. Michael says:

    Economic growth is a means to an end, not an end in and of itself. The end is broad-based economic freedom. Economic growth that does not provide broad-based economic freedom is valueless.