Posts tagged with "NYT"

Link The Small-State Advantage in the United States Senate

The Constitution has always given states with small populations a lift, but the scale of the gap has grown in recent decades.

Dec 3

Link Paul Krugman: The Full McConnell

This is pathetic – and these people are definitely not serious.

SUPPOSE that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says enthusiastically. “I’m in it, and I think you should be, too.”

Would your reply possibly be this? “Well, it all depends on what my tax rate will be on the gain you’re saying we’re going to make. If the taxes are too high, I would rather leave the money in my savings account, earning a quarter of 1 percent.” Only in Grover Norquist’s imagination does such a response exist.

Warren Buffet writing for the New York Times.

A little further on you get this nugget:

And, wow, do we have plenty to invest. The Forbes 400, the wealthiest individuals in America, hit a new group record for wealth this year: $1.7 trillion. That’s more than five times the $300 billion total in 1992. In recent years, my gang has been leaving the middle class in the dust.

Then this:

This outrage points to the necessity for more than a simple revision in upper-end tax rates, though that’s the place to start. I support President Obama’s proposal to eliminate the Bush tax cuts for high-income taxpayers. However, I prefer a cutoff point somewhat above $250,000 — maybe $500,000 or so.

I just wish that was all it took to get that bill through Congress.

All that said, The final three sentences makes the entire thing worth reading. So go read it already.

Nov 5

Link NYT: 512 Paths to the White House

This is worth a look. Super cool use of modern web tech.

Jun 3

Link Paul Krugman: 1937

Doing it all over again.

Link Paul Krugman: Where The Productivity Went

It’s two-thirds the inequality, stupid.

Link Hurray for Health Reform

Despite some imperfections, the Affordable Care Act would do a lot of good and must be defended.

Mar 6

Link Paul Krugman: Equality of Opportunity? Never Mind

If you can’t afford college, tough luck.

Link Pain Without Gain - Krugman (again)

Now the results are in — and they’re exactly what three generations’ worth of economic analysis and all the lessons of history should have told you would happen. The confidence fairy has failed to show up: none of the countries slashing spending have seen the predicted private-sector surge. Instead, the depressing effects of fiscal austerity have been reinforced by falling private spending.

Link The Austerity Debacle

Look at Britain to see the tragic effects of a very bad idea.

People seem to readily forget just how much government DOES, instead choosing to focus on its faults and even the ineptitude of it, which isn’t a fault of the program, but the people running it (ultimately Congress). So the first instinct to “trim the fat” ends up laying off or firing thousands, which whether it needs to happen or not, is not something a struggling economy can handle well. It’s simple logic, no sociology or economics degree required, but people seem to continue to struggle with it.