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    Politics / capitalism, deficits, plutocracy, Reagan, Republicans, Say's Law, Trump /

    Republican Rot?

    December 8, 2017

    This is going to sound parochial to those of you not steeped in America’s current internal conversation. Poor David Brooks, his column in today’s New York Times is entitled “The G.O.P. Is Rotting”. He is correct. His column is a long lament about his sense of loss. The problem is that the thing[s] he thinks […]

    Economics, Politics / plutocracy, tax policy, tax reform, taxes /

    Real Tax Reform?

    December 6, 2017

    OK, let’s all calm down. The Republican tax plan is now in its last stages of design. The two versions that exist need to be stitched together and then the compromise version passed in both houses of Congress. The law as we currently know it is a classic piece of plutocratic largesse. It will fail […]

    Economics / deficits, plutocracy, Republicans, tax reform /

    Tax Cuts and Jobs Act

    December 5, 2017

    So the Senate passed its tax cut. It is amazing to see the way in which the media has embraced the idea that this is a reform of taxation. It isn’t. It does have a number of small reform-like pieces, but those are mostly only in the legislation in order to mitigate its cost. They […]

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