It's not an economic term and it is a pejorative term and that doesn't change because David Stockman used it.
Unrealized being the key word there.
It's didn't "work". It just didn't apply to anyone due to tax exclusions.
I would "right size" the military. Strategically assess what is most important and fully fund that and start to cut the rest. We should be concerned...
How is Brexit working out?
I think moral hazard and the corrupting influence of "big money" in politics are the two most harmful aspects of our governmental system.
I think the better of two bad choices is for Biden to be reelected and (crazy as they are) for the Republicans to maintain control of Congress. Even...
We can. We just don't spell it incorrectly.:)
The MAGA base apparently.
There is no such thing as "trickle-down economics" other than as a political term of derision. Supply-side economics describes the supply-side and...
That's unrealized gains. What is "gaining" is the stock value. To pay that would potentially require selling enough stock to pay the taxes. I don't...
It's not self-refuting but it has the limitation that it can't justify itself. But, so what? :) It's just word play...
It makes no sense, IMO. There's either a reason that long-term capital gains are taxed at a reduced rate (to encourage risk taking for investing) or...
The video is gobbledigook. You can meditate the sense of self away or you can do it through drugs but that is irrelevant. Of course, as with all...
That was all taken into account in that effective tax rate that I quoted. The income tax rate is progressive so they pay more on their income, most...
You are talking about the Gilded Age (which was just a little earlier). The "rich" then tended to get there via monopolies so it was much closer to a...
Your presumptions aren't accurate. The average effective tax rate for the top .1% is 25% and the average effective rate for the average taxpayer is...
The difference today is a much larger economy. If everyone was still farming, there wouldn't be such differences. Should we "fix" that and return to...
Strawman alert...comparing S. America to the US.:) The per capital GDP in the US is higher than most countries in Western Europe. There is more...
The problem is "reality". People aren't equal. That's why the results aren't equal. The government trying to mandate that reality be different...
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