… give or take
If only it were true. Unfortunately, the reality of the matter is much more complex. There is tons to be said on this issue. For now, take a look at this chart, released today by the OECD, and reported in the New York Times: // Relative to the US, there are higher taxed countries that [...]
// It is typically very difficult to discuss major changes in the American social contract without raising cries of socialism or anti-americanism (or any combination thereof). Nevertheless, if this country is to have any kind of decent future, changes will need to be made. The priorities of government will need reassessment. We will need to [...]
// A recent article in Forbes reports on a study indicating that American inequality has not increased as much as typically believed. Apparently, the authors of the article think this study is much more earth-shattering than it is. In reality, it is yet another volley in the endless back-and-forth among economists and analysts and pundits about [...]
// The FT runs an interesting piece today advocating a three-way split for financial institutions. Rather than the simpler two-way division between investment and commercial banking that many, including the Bank of England’s Mervyn King, have proposed, a three-way division would allow for the separation not just of the “casino” (investment banks, market makers) from [...]
// Well, as if on cue, just as I finished writing my previous post on the lack of effective action or reflection on the part of our political “leaders” vis-à-vis the economic crisis, the New York Times reports that Obama and the Democrats are considering legislation to rein in institutions that are “too big to [...]
