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Jason Welker

400 Richest Americans Got Richer This Year, As Most Americans' Net Worth Tanked: Forbes - 3 views

www.huffingtonpost.com/...ichest-americans_n_736182.html

income distribution

shared by Jason Welker on 24 Sep 10 - No Cached
  • The richest Americans got even richer this year, according to the new Forbes 400 list, even as the country's total net worth tanked during the second quarter. The top 400, all of whom are worth at least $1 billion, saw their combined wealth increase 8 percent this year, to the dizzying total of $1.37 trillion, according to analysis from CNN.
  • This means the 400 richest people in America account for about 2.6 percent of the nation's private wealth
  • Jason Welker on 24 Sep 10
     
    What's happening to income distribution in America during the recession? 
Aaron Palm

BREAKING: Comprehensive List of Net Tax Hikes in Health Reconciliation Bill - 0 views

www.atr.org/ensive-list-ofbr-net-tax-a4688

reconciliation hikes taxes health care 2010

shared by Aaron Palm on 31 Mar 10 - Cached
  • Aaron Palm on 31 Mar 10
     
    All of the tax hikes as a result of the health care reform of 2010
Jason Welker

Nouriel Roubini - What America needs is a payroll tax cut - 2 views

www.washingtonpost.com/...AR2010091605846.html

shared by Jason Welker on 17 Sep 10 - No Cached
  • The administration knows that it needs to fashion a revenue-neutral fiscal stimulus that increases labor demand and consumption. Its proposal to make permanent a research and development tax credit that dates to the 1980s, and then to enact a temporary investment tax credit allowing firms to write down capital investments at 100 percent of cost, are welcome -- but too modest a cure for what ails the economy. A much better option is for the administration to reduce the payroll tax for two years. The reduced labor costs would lead employers to hire more; for employees, the increased take-home pay would boost much-needed economic consumption and advance the still-crucial process of deleveraging households (paying down credit card debt and other legacies of the easy-credit years).
  • Jason Welker on 17 Sep 10
     
    Roubini says cut payroll tax to relieve households and encourage hiring.
Bret Willhoit

Obama's 2011 Budget Proposal: How It's Spent - Interactive Graphic - NYTimes.com - 9 views

www.nytimes.com/...budget.html

budget obama

shared by Bret Willhoit on 02 Feb 10 - Cached
  • Bret Willhoit on 02 Feb 10
     
    Interactive graphic that can be used to have students try to trim the budget just like they are discussing in real-life. Also interesting to see what areas are being cut and what areas are being added to.
Aaron Palm

Businesses scared off by California go global - Sacramento Business, Housing Market New... - 0 views

www.sacbee.com/...-scared-off-by-california.html

scared off businesses regulation CA environmental unemployment

shared by Aaron Palm on 04 Apr 10 - Cached
  • Aaron Palm on 04 Apr 10
     
    Entrepreuneur moving business out of CA to China over gov regulation
Aaron Palm

David Ranson: The Revenue Limits of Tax and Spend - WSJ.com - 0 views

online.wsj.com/...4608104575217870728420184.html

revenue limits tax spend hauser's law

shared by Aaron Palm on 19 May 10 - Cached
  • President Obama's fiscal 2011 budget, the Congressional Budget Office (CBO) estimates a deficit that starts at 10.3% of GDP in 2010. It is projected to narrow as the economy recovers but will still be 5.6% in 2020. As a result the net national debt (debt held by the public) will more than double to 90% by 2020 from 40% in 2008.
  • They do not include deficit spending resulting from the new health-insurance legislation. The revenue numbers rely on increased tax rates beginning next year resulting from the scheduled expiration of the Bush tax cuts. And, as usual, they ignore the unfunded liabilities of social insurance programs,
  • "Hauser's Law," as I call this formula, reveals a kind of capacity ceiling for federal tax receipts at about 19% of GDP.
  • Aaron Palm on 19 May 10
     
    We can never collect more than 20% tax rate
Seth Roberts

Veterans of recent wars confront grim employment landscape - 0 views

www.washingtonpost.com/...AR2010122904498.html

veterans unemployment

shared by Seth Roberts on 30 Dec 10 - No Cached
  • Seth Roberts on 30 Dec 10
     
    Washington Post Article on Veteran Unemployment
Seth Roberts

Inequality: Unbottled Gini | The Economist - 0 views

www.economist.com/...17957381

gini inequality macro econ Economics

shared by Seth Roberts on 30 Jan 11 - No Cached
  • Adam Smith may seem unremarkable. But here is Dominique Strauss-Kahn citing the great man in November 2010: “The disposition to admire, and almost to worship, the rich and the powerful and…neglect persons of poor and mean condition…is the great and most universal cause of the corruption of our moral sentiments.”
  • Seth Roberts on 30 Jan 11
     
    This article is perfect for teaching the gini coefficient in the real world.
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