tag:blogger.com,1999:blog-7895164153505105997.post4054435237282055190..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: Economic InsanityBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7895164153505105997.post-12490869691064080912015-01-24T10:15:30.008-08:002015-01-24T10:15:30.008-08:00(Comment from Mark Thoma's blog)
What's c...(Comment from Mark Thoma's blog)<br /><br />What's curious is here is economists' bias towards inflation. Prices rise, then wages get increased retroactively, putting workers perpetually behind the inflation curve. Employers pocket the difference, which economists see as mysteriously helping to grease the economy. That it occurs at workers' expense is of no particular concern to them, though when the opposite occurs, economists tend to scream bloody murder. In any case, as I have argued before, the whole mild deflation scare is largely a diversion from the real problems--too little aggregate demand and too much wealth by those who have so much that they don't know what to do with their money except speculate. The excess needs to be given to those who will spend it, thereby increasing aggregate demand, along with opportunities for the wealthy to use their money productively.<br />Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-35277183175572054422015-01-24T02:54:53.491-08:002015-01-24T02:54:53.491-08:00State and Local Taxes Hit Lower-Income Families th...State and Local Taxes Hit Lower-Income Families the Hardest<br /> <br />Where Bill Gates live: "Washington State’s tax system is the most regressive — the bottom 20 percent of taxpayers pay 16.8 percent of their income in taxes, while the top 1 percent pay just 2.4 percent."<br /> <br />http://www.offthechartsblog.org/state-and-local-tax-systems-hit-lower-income-families-the-hardest/ <br /><br />PETITION: Stop the Corporate Tax Giveaway<br />https://takeaction.ourfuture.org/action/stop_corporate_ripoffBud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-77744451847786302962015-01-24T02:54:01.525-08:002015-01-24T02:54:01.525-08:00Billionaire brothers Charles and David Koch presen...Billionaire brothers Charles and David Koch presented a policy wish-list at a recent press conference:<br /><br />1) A balanced budget (wish of course would mean, cutting the safety net, but not raising taxes.)<br /><br />2) Repealing the inheritance tax (they call it a "death tax", although, dead people don't pay taxes.)<br /><br />3) The tax-free repatriation of U.S. profits (made from offshoring U.S. jobs overseas.)<br /><br />http://www.huffingtonpost.com/2015/01/15/americans-for-prosperity-congress-_n_6479246.htmlBud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com