Emmanuel Saez and Gabriel Zucman are two economists at the University of California, Berkeley. Their book The Triumph of Injustice demonstrates how America’s system of taxation benefits the wealthy more than it has since the 1920s; in fact, the 400 richest Americans now pay less than any other group of Americans. You may have seen… Continue reading Reviewing the Triumph of Injustice
I have been resisting writing this post for months. I kept telling myself Andrew Yang isn’t worth the trouble. But he keeps fooling too many. He distracts from important debate topics by smugly asserting nonsense. So, I can’t resist any longer. Most people know the ever-increasing wealth gap between the rich and the poor in… Continue reading Andrew Yang’s Idea’s are stupid
For those who don’t know, political dog whistles are things said that seemingly mean one thing but which are meant to communicate a hidden meaning to those who understand the language. In the Democratic primary, we are inundated with the political dog whistles of reasonability and sensibility. As you will see, the corporate-run media and… Continue reading The Dog Whistles of Reasonability and Sensibility
The October Democratic debate was interesting. It was different than the previous debates in several aspects. I don’t believe it will change the race much though. Warren will still be seen as on the rise. Biden will still be seen as falling. Sanders will be seen as having stabilized his campaign and still firmly in… Continue reading Thoughts on the October Democratic Debate
I will say it again: there should be no billionaires. Let me prove the point with some simple math. If a person was given five thousand dollars a day for 500 years and never spent a dollar, they would have $912,500. This means if someone got and saved five thousand dollars a day for 500… Continue reading There Should be no Billionaires
The idea that we will see Trump’s taxes is a prediction. The rest of this post will explain why I believe we will see Trump’s taxes relatively soon.
Through my job with the city of Portland, I have better health insurance than many Americans. Still, I would gladly trade my adequate insurance and pay more taxes to support all Americans having access to health care. I will use the rest of this post to demonstrate why my recent eye problems have reminded me… Continue reading Abolish my Health Insurance and Raise my Taxes
I just finished watching a CNN town hall with Democratic presidential candidate Amy Klobuchar. While Senator Klobuchar was as centrist as I thought she was, her sincerity and honesty will give her staying power in the race. Even though I have nothing against Klobuchar, her centrist policies make her an unacceptable candidate to me.
So-called stepped up basis is a term most people have never heard of and even fewer understand; however, stepped up basis, as you will see, is a critical component in creating our unfair tax code.
It has been a long time since I’ve written a nerdy post. So, I needed to exercise that need. Capital Gains taxes aren’t a sexy topic by any means; however, understanding a little about capital gains taxes will help you understand how rigged the system is in favor of wealthy. It’s things, like capitals gains… Continue reading Capital Gains Taxes Explained