When did Republicans quit on supply side and go John Maynard Keynes on us? What can’t be said enough is that supply-side economics isn’t about fiddling with the tax rate to increase tax revenues by lowering taxes. Rising tax revenues are the opposite of supply-side economics exactly because more wealth is handed to the […]
A Tax Cut for ‘Working Families’ Does Nothing For Economic Growth Read More »
Why do Silicon Valley startups never rate loans? Because money is ruthless, and there’s not an interest rate high enough to compensate lenders for loans to business concepts that fail quickly over 90 percent of the time. Why is money ruthless? See the genius of compounding. It reveals the substantial cost of losing money. Which
Never Have Federal Tax Cuts Ever “Starved the Beast” Read More »
Reps. Nick LaLota, Andrew Garbarino, Elise Stefanik, and Michael Lawler, four House Republicans, are holding up the extension of the 2017 Tax Cuts and Jobs Act (TCJA). Good for them. To understand why, it must be remembered that the 400 richest U.S. taxpayers pay more in federal taxes than the bottom 70 percent of
Cheer the Four New York Republicans Engineering a Massive Tax Cut Read More »
The U.S. has a massive budget and eye-popping debt precisely because Congress annually fleeces the rich. To believe otherwise is to believe in Santa Claus, ferociously dumb markets, or both. What’s disappointing is that Washington Post columnist Catherine Rampell plainly believes in neither, but let’s her often reasonable disdain for the GOP and its rhetoric get
With U.S. Budgeting There’s No Such Thing As ‘Fake Math’ Read More »
