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Economics

Hostage-Taking Using the Debt Ceiling
The debt ceiling is used to take the country hostage demanding spending cuts as ransom. Cutting through the noise, we discuss how it works and possible…
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Lee R. Nackman
6
Interregnum: Feedback and Comments
This issue asks for reader feedback and suggestions, and responds to some interesting comments made about the last issue.
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Lee R. Nackman
19
Subsidies
Starting from a simple flat-rate tax system, we discuss how to create subsidies that help people who need help, not high-earners who don't need help.
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Lee R. Nackman
5
Simplifying Taxes to Sustain Democracy
Our current tax system is complicated and opaque, the better to hide many gifts to high earners. Radical simplification would be a first step to a tax…
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Lee R. Nackman
6
Inequality: Economics, Ethics, and Policy
Adam Smith's invisible hand metaphor and the related concept of economic efficiency have dominated policy debates. We discuss why and how ethical and…
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Lee R. Nackman
6
Senator Tillis Attempts to Bamboozle Me on the Inflation Reduction Act
I wrote to my two (Republican) senators asking them to vote for the (poorly-named) Inflation Reduction Act. I analyze the one response I received. Short…
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Lee R. Nackman
Inequality and Growth
Inequality ramped up starting in the early 80's; GDP growth has dropped since then. Coincidence or cause?
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Lee R. Nackman
8
Economic Anger and Resentment
Why So Many People are Angry About the Economy
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Lee R. Nackman
4
Taxing Capital Gains as Ordinary Income
Capital gains get preferential tax treatment. A look-back approach can be used to tax capital gains as ordinary income, eliminating the tax system's…
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Lee R. Nackman
6
Reducing the Political Power of Corporate Money
Proposals to change the tax system to incentivize corporations to accept limits on political spending.
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Lee R. Nackman
Why Corporate Earnings are Soaring
Forty years of the mantra of shareholder value have worked to change our system to bring corporate profit to new heights. Corporations today have…
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Lee R. Nackman
2
Redistributing Wealth
Tax expenditures redistribute wealth — upward!
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Lee R. Nackman
8
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