Archive for the ‘Inequality’ Category

Death and Taxes and Fairness

Death and Taxes and Fairness

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

A version of this post appeared in the San Antonio Express News. I recently wrote about the unfairness of ‘carried interest’ tax breaks targeted to hedge fund and private equity owners. In fact, I’ve covered the topic before as well. Some readers became angry about my view of this tax break and took umbrage at [&hellip

529 Accounts and Tax Fairness

529 Accounts and Tax Fairness

By The Banker | Blog Posts, Inequality, Investing, Personal Finance, Taxes

President Obama recently announced a series of tax changes he will propose or at least politically push for in the coming year. Since the US Congress constitutionally controls the power of taxation, and Congress likes Obama as much as I like Pete Carroll’s Seahawks, I understand that Obama’s priorities may not come to pass any [&hellip

The New Yorker on Housing and Mortgage Subsidies

The New Yorker on Housing and Mortgage Subsidies

By The Banker | Blog Posts, Inequality, Personal Finance, Taxes

I can’t say there’s anything particularly new in James Surowieki’s New Yorker article on the various ways we subsidize home ownership vs. renting, but taken as a whole he provides a great starting primer and review of the arguments. I mean, don’t get me wrong, home ownership is awesome for some – even for many [&hellip

Fired Up By Cuba Policy Change

Fired Up By Cuba Policy Change

By The Banker | Blog Posts, Inequality, Texas

A version of this post appeared in the San Antonio Express News. I’m totally fired up that the Obama administration relaxed travel, trade, and diplomatic restrictions on Cuba last week. Removing the US embargo will not raise up Cuban people’s lives as much as we hope without the Cuban regime, for its part, embracing more [&hellip

This US History Sounds Marxist, And Also Basically True

This US History Sounds Marxist, And Also Basically True

By The Banker | Blog Posts, Inequality

Can something be basically Marxist and also basically true? Of course my answer is yes, because Marxism as a tool for analysis can sometimes be summed up as a ‘Follow The Money.’ As an economic and political system Marxism has – so far – been as awful a system as we humans can manage to [&hellip