Month: July 2010

  • Washington State Income Tax (Initiative 1098): Who’s Affected?

    Updated. See below. Again,¬†Aug 12. There’s been some debate going back and forth recently on how many Washington State taxpayers will be affected by the proposed income tax. The two sides have done a good job of providing the source data (you can follow their links), but the debate’s been inconclusive because: 1. Single filers…

  • Dang Those Bush Tax Cuts Really Worked!

    HT to Barry Ritholtz. Source. Related posts: Stockman: How the GOP Destroyed the U.S. Economy | The Big Picture Banks’ “Bigger Concern”: “Republicans will no longer defend Wall Street companies.” “Track Changes” on Fed Statements Sarah: On Target S&P 500 Earnings: The Most Depressing Graphic I’ve Seen This Year

  • The Best Argument Against Climate Legislation — And the Best Answers

    I’ve long lauded Jim Manzi for his cogent and convincing arguments against carbon taxes. He’s the antithesis of the “1998 was really hot! Look: it’s cooler now!” school of head-in-in-the-sand self-delusionists. Rather, he takes the 2007 IPCC report as the best available consensus scientific knowledge we have, and uses it to think through a clear-eyed,…

  • Is “Starve the Beast” Finally Working? At (Almost) the Worst Possible Time?

    Even as some vaguely sane voices on the right — notably former Reagan budget officials — are acknowledging that the thirty-year experiment in “starve the beast” has failed…it seems to be working. The austerity principle is finally taking hold — just when the opposite should be true. The basics of fiscal and monetary policy aren’t…

  • Trickle-Down Really, Really Works!

    Lane Kenworthy has updated his Best Inequality Graph with the latest data (through 2007): Hidden in the fine print, you’ll find proof positive that trickle-down works: middle-class incomes have risen by 1% a year since 1979! And poor people’s incomes have gone up by 0.4% a year. How can you argue with that kind of…

  • Intel’s Andy Grove, Refugee from Communism, Champions Centralized Economic Planning: “rebuild our industrial commons”

    If you’re like me, you hear your friends say this a lot about America: “we need to start making things again.” It seem intuitively correct, but there’s a pretty standard economic response: if we’re getting all the profits based on our knowledge and innovation, even though we’re not doing all the work, what’s the problem?…