Archive for the ‘Inequality’ Category

Charitable Deductions and New Tax Law

Charitable Deductions and New Tax Law

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

Happy Final Tax Filing Day everyone. How charitable do you feel right now? My accountant filed for an extension for me, so I’ll let you know in mid-October how I’m feeling, thanks for asking. Anyway, one of the potential big changes resulting from the 2017 Tax Reform is the treatment of household charitable contributions, starting […]

New Estate Tax Changes and Inequality

New Estate Tax Changes and Inequality

By The Banker | Blog Posts, Inequality, Taxes

2018 is shaping up as a great year to die. I don’t say that because of the recent appointment of war hawk John Bolton as National Security Advisor1, but rather because of recent changes to estate tax rules. Before now, the previous best year to die was 2010, when the estate tax took a gap […]

Book Review: The Color Of Money

Book Review: The Color Of Money

By The Banker | Book Reviews, Inequality, Taxes

I think of myself as pretty informed about financial history in the United States, but Mehrsa Baradaran’s The Color of Money: Black Banks and the Racial Wealth Gap covers a whole area of history about which I knew very little. In a narrow sense Baradaran’s book is about the history of black-owned and black-customer-oriented banks. […]

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 […]

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 […]