There's a minor debate always ongoing about how we ought to tax income from capital gains, which is at present taxed separately from ordinary income, at preferential rates. There have been many proposals, such as eliminating the preferential rates or taxing gains on a mark-to-market basis, which is tricky since share prices tend to fluctuate … Continue reading Retrospectively Calculated Capital Gains Tax
In the 1960's, a period of rapid economic growth, falling unemployment, and accelerating inflation, liberals and progressive set out to make improvements in the social safety net, installing some lasting and well known programs such as Medicare and Medicaid. Various other things were achieved in that period, including acts which advanced the causes of environmental … Continue reading The Minskyite Employer of Last Resort
When I last wrote about Medicare For All, I had some critical things to say about its feasibility and affordability. I wrote that in order to finance the system the government would need to greatly raise taxes on middle income, such as through regressive payroll taxes. Here I will demonstrate what I consider to be … Continue reading The Least Unforgiving M4A Fiscal Scenario
Progressives and social democrats in America have espoused the virtues of comprehensive social insurance, universal healthcare, universal college, universal housing, among other things. I believe generally liberals and socialist have two different core reasons for their support of public programs like these, and I'd like to discuss my views and approach to public policy with … Continue reading Social Capital and Public Policy
