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The History of American Taxes

The History of American Taxes

January 11, 2011

Why You Should Feel Cheated, Deceived and Sickened by America's Stunning Inequality, Even If You're Doing Well

Why You Should Feel Cheated, Deceived and Sickened by America's Stunning Inequality, Even If You're Doing Well | Economy | AlterNet Why You Should Feel Cheated, Deceived and Sickened by America's Stunning Inequality, Even If You're Doing Well

This chart is fucking crazy: US Real Home Prices 1890-2010

this chart is fucking crazy.jpg Used to illustrate an article arguing that the hyperinflation of home prices was caused by government regulation of land use in specific cities, and that other areas with less strict regulation avoided the boom/bust. We could argue that point forever, but just look at that fucking chart!! The Truth About the U.S. Housing Market - Seeking Alpha

Texas can't cut its way out of its structural deficit; or, conservative government financing has failed

Paul Krugman - The Texas Omen - NYTimes.com
Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? Didn’t its governor declare, during his re-election campaign, that “we have billions in surplus”? Yes, it was, and yes, he did. But reality has now intruded, in the form of a deficit expected to run as high as $25 billion over the next two years. And that reality has implications for the nation as a whole. For Texas is where the modern conservative theory of budgeting — the belief that you should never raise taxes under any circumstances, that you can always balance the budget by cutting wasteful spending — has been implemented most completely. If the theory can’t make it there, it can’t make it anywhere.

January 10, 2011

I'm posting this because I sold hiking boots in college, and because "Brannock Device" is just a lovely English phrase

Maker of Foot Measurer Tries to Stop Other Shoe From...

January 04, 2011

Probably not a great idea to save that Borders gift card for a rainy day

Two Borders execs resign, adding to list of departures -...

January 03, 2011

Paul Krugman on Deep Hole Economics

Short version: The economic collapse put us in a deep hole and we need phenomenal growth to get people back to work. Deep Hole Economics - NYTimes.com
Seriously, what we’re looking at over the next few years, even with pretty good growth, are unemployment rates that not long ago would have been considered catastrophic — because they are. Behind those dry statistics lies a vast landscape of suffering and broken dreams. And the arithmetic says that the suffering will continue as far as the eye can see. So what can be done to accelerate this all-too-slow process of healing? A rational political system would long since have created a 21st-century version of the Works Progress Administration — we’d be putting the unemployed to work doing what needs to be done, repairing and improving our fraying infrastructure. In the political system we have, however, Senator-elect Kelly Ayotte, delivering the Republican weekly address on New Year’s Day, declared that “Job one is to stop wasteful Washington spending.” Realistically, the best we can hope for from fiscal policy is that Washington doesn’t actively undermine the recovery. Beware, in particular, the Ides of March: by then, the federal government will probably have hit its debt limit and the G.O.P. will try to force President Obama into economically harmful spending cuts. I’m also worried about monetary policy. Two months ago, the Federal Reserve announced a new plan to promote job growth by buying long-term bonds; at the time, many observers believed that the initial $600 billion purchase was only the beginning of the story. But now it looks like the end, partly because Republicans are trying to bully the Fed into pulling back, but also because a run of slightly better economic news provides an excuse to do nothing.