Archive for the ‘Inequality’ Category

Should We Consider Taxing Non-Profits?

Should We Consider Taxing Non-Profits?

By The Banker | Blog Posts, Inequality

Are tax-advantaged charitable organizations going to face heavier tax bills in the future? More interestingly, should they? Connecticut state legislators introduced in March targeted legislation to tax some of the $2.6 billion in investment gains that Yale University earned on its $25.6 billion endowment in 2015.  Yale budgeted to spend $1.1 billion of its endowment funds in [&hellip

Why Wealth Inequality Matters - Plus CEO Pay Again

Why Wealth Inequality Matters – Plus CEO Pay Again

By The Banker | Blog Posts, Inequality, Texas

Last week I wrote about the sharp rise in super-manager pay throughout the 1990s, and specifically a funny (to me) quirk of stock option awards and bad math by corporate boards. The good news is I have a bunch more thoughts on the rise of super-manager pay and – but wait – Wait — WAIT! [&hellip

Book Review: Capital In The Twenty-first Century by Thomas Piketty

Book Review: Capital In The Twenty-first Century by Thomas Piketty

By The Banker | Book Reviews, Inequality, Taxes, Wall Street

Once in a while I read a book and think “That! That is the one that will determine my definitive worldview on a subject.” This happened when I read Paul Kennedy’s The Rise and Fall of the Great Powers twenty-five years ago, and nothing has shaken my belief in Kennedy’s thesis.[1] Thomas Piketty’s Capital in [&hellip

On

On “The Economy” (If Such A Thing Exists)

By The Banker | Blog Posts, Inequality, Texas

One of the odd things about listening to Republican candidates for president is their insistence on describing the ‘weak economy’ or the ‘anemic recovery’ of the Obama Presidency. For which they propose a new approach, naturally. And obviously we understand why they say that. But just to be clear – that’s crazy talk. “The US [&hellip

Minimum Wage Caveats and Local Update

Minimum Wage Caveats and Local Update

By The Banker | Blog Posts, Inequality, Texas

I recently wrote about how I worried minimum wage hikes in the city of Los Angeles could hurt the same people the law is supposed to help. Two caveats go with that thought. First, I might be wrong. Second, San Antonio is already in the midst of a distinct minimum wage hike that deserves some [&hellip