Lowering corporate income taxes in the United States is never very popular, yet US corporate tax rates are some of the highest in the world at 35%. I blame this partially on the media, which publishes stories on issues like General Electric’s low 2010 tax bill. There exist two reasons why companies do not pay [...]
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Have you heard about the aptly named Robin Hood Tax? The Robin Hood Tax is a financial transaction tax, a levy on financial transactions, especially those in the equity markets. How the Robin Hood Tax Works The Robin Hood Tax would tax all transactions on the financial markets. The tax proposal would charge $5 or [...]
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This morning I read a very critical piece in the WSJ which lambasted the government’s role in subsidized housing. In particular, the opinion piece took a very controversial view, suggesting that the section 8 housing program was devaluing “nicer” neighborhoods that should, according to the author, be out of reach for subsidies. The author eventually [...]
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As I stepped back into my everyday lifestyle from a weekend away from home, I reached for the weekend edition of the Wall Street Journal. The headline read “A Wild Ride for Financial Markets.” Among the numbers highlighted this week was one which rang out the loudest: the S&P500 index shed $843.79 billion worth of [...]
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