Archive for the ‘Blog Posts’ Category

DBCFT - An Untested Tax Policy For Strange Days

DBCFT – An Untested Tax Policy For Strange Days

By The Banker | Blog Posts, Taxes, Texas

With Congress and the White House unified under the same party, radical corporate tax reform is coming our way very soon. Although some reform is welcome, this is a column about the part of the reform that worries me the most, known by the non-mellifluous label “Destination-Based Cash Flow Tax With Border Adjustment.” Let’s say [&hellip

Paul Ryan's Upcoming Corporate Tax Reform

Paul Ryan’s Upcoming Corporate Tax Reform

By The Banker | Blog Posts, Taxes, Texas

Here’s a relatively safe policy prediction: We will get major Federal corporate tax reform in the next year. Here’s a sneak preview of that reform, especially the parts that I like. Other parts I think are kooky or wrong, but for that critique you’ll have to wait for a few more days. Normally I’d recommend [&hellip

UBI - That Radical Right-Wing Idea?

UBI – That Radical Right-Wing Idea?

By The Banker | Blog Posts, Inequality, Taxes, Texas

Last week’s post — on a poverty eradication experiment in Africa of giving no-strings-attached cash — was a bit of a Trojan horse for this week: UBI is the idea of granting all adults a small amount of income, for life. UBI is having a moment right now. Finland launched an experiment in 2017 to address joblessness with [&hellip

Cash Rather Than Good Intentions

Cash Rather Than Good Intentions

By The Banker | Blog Posts, Inequality, Texas

Here’s a radical thesis about the best way to eliminate poverty: Give money. Don’t give stuff. Also, don’t give conditional money, either, expecting the recipient to do something you want them to do. I’m intrigued by an international charity called GiveDirectly which puts this radical thesis to the test. I understand this “just money, no [&hellip

Platinum Partners And How To Spot A Fraud

Platinum Partners And How To Spot A Fraud

By The Banker | Blog Posts, How Not To Invest, Investing, Wall Street

Police arrested seven executives connected to the $1+ billion hedge fund Platinum Partners in late December, for fraud. The charges against them include overvaluing assets and a Ponzi-like practice of paying departing investors with new investors’ money. Platinum Partners reminds me of lesson number one on spotting financial fraud: If an investment fund never, ever, [&hellip