All Things in Moderation

Morning Report: New Home Sales fall 7/24/15

16 Responses

1. 

   yellojkt, on July 24, 2015 at 9:29 am said:

   I hope someone in her staff whispers in her ear to google the term “agency costs”

   I had to. An interesting concept which needs to be more widely examined.

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2. 

   Michigoose, on July 24, 2015 at 1:27 pm said:

   Amazon.com reported good numbers last night and is now the biggest retailer in the US, by market cap, surpassing Wal Mart.

   I’m doing my little part to make this true; I hope Mr Bezos appreciates that!

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3. 

   jnc4p, on July 24, 2015 at 2:02 pm said:

   Worth noting:

   “The Fed accidentally released a confidential analysis of where interest rates are going
   By Ylan Q. Mui July 24 at 1:27 PM”

   http://www.washingtonpost.com/blogs/wonkblog/wp/2015/07/24/the-fed-accidentally-released-a-confidential-analysis-of-where-interest-rates-are-going/?hpid=z4

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4. 

   jnc4p, on July 24, 2015 at 2:24 pm said:

   Sigh. Excellent proof that writers at places like Vox don’t even understand the arguments that their opponents make:

   “The rhetorical reason typically offered is that, as the American Enterprise Institute’s James Pethokoukis says, capital gains taxes are a “double tax.” The idea is that first Mr. Richpants gets paid a salary and pays taxes on it. Then he takes some of his after-tax dollars and invests them in the stock market. Then when he sells his stock, he is “taxed again” on his earnings in a way that would not have happened had he spent the money on a boat rather than invested it in the stock market.”

   http://www.vox.com/2015/7/20/9005911/hillary-clintons-capital-gains-quarterly-capitalism

   That’s not what double taxation of capital gains refers to at all. It’s all about paying the corporate income tax and then the capital gains (or dividend) tax on the same earnings.

   Actually on second thought I could be wrong. Yglesias may well understand the argument and is simply lying about it as stating it correctly wouldn’t advance his advocacy.

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   • 

     ScottC, on July 24, 2015 at 3:24 pm said:

     jnc:

     “The idea is that first Mr. Richpants gets paid a salary and pays taxes on it. Then he takes some of his after-tax dollars and invests them in the stock market. Then when he sells his stock, he is “taxed again” on his earnings in a way that would not have happened had he spent the money on a boat rather than invested it in the stock market.”

     Wow. Talk about embarrassing ignorance.

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   • 

     markinaustin, on July 25, 2015 at 8:10 am said:

     The utterly simplest solution to double taxation as a problem in and of itself is to make dividends deductible to the entity but taxable to the recipient.

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     • 

       ScottC, on July 25, 2015 at 8:56 am said:

       Mark:

       It would be much simpler to abolish the corporate income tax and tax dividends and capital gains as ordinary income.

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5. 

   Let the mutherfuker burn!, on July 24, 2015 at 2:36 pm said:

   Re Juicers,

   https://en.m.wikipedia.org/wiki/Hanlon%27s_razor

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6. 

   Kevin S. Willis, on July 24, 2015 at 4:12 pm said:

   This so called “double taxation” is a dog whistle, just more conservative code-speak for “we hate poor people and minorities”.

   Let’s get to the heart of the matter, shall we?

   It cannot be a description of a financial process. That’s crazy talk.

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7. 

   Brent Nyitray, on July 24, 2015 at 4:35 pm said:

   Wow. Talk about embarrassing ignorance.

   I have always thought the right understood the left way better than the left understands the right.

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8. 

   Let the mutherfuker burn!, on July 24, 2015 at 8:02 pm said:

   “So if you can determine whether one of your children is gay, should we pass a law saying you can’t abort a child because you found out that child’s going to be gay? You can’t abort a child because you found out that child was going to be a woman? How would you feel about a law like that?” he asked Maddow.

   http://journal.ijreview.com/2015/07/245379-happens-science-allows-us-abort-baby-gay-gene/

   Yes or no?

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   • 

     ScottC, on July 24, 2015 at 11:05 pm said:

     McWing:

     Yes or no?

     Another uncomfortable question that those on the left will likely avoid answering. (As Maddow did.)

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9. 

   Brent Nyitray, on July 25, 2015 at 8:57 am said:

   “The utterly simplest solution to double taxation as a problem in and of itself is to make dividends deductible to the entity but taxable to the recipient.”

   Or to push all the taxes down to the investor level, where it is harder to play games..

   corked by scott

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   • 

     markinaustin, on July 25, 2015 at 10:46 am said:

     That works on more levels. I was “narrowly focused”.

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10. 

    Brent Nyitray, on July 25, 2015 at 12:03 pm said:

    of course the left would accuse republicans of trying to kill the corporate tax, so politically it is a non-starter. but I have to imagine it would raise more revenue

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    • 

      markinaustin, on July 25, 2015 at 1:08 pm said:

      If that’s a non-starter, then use my suggestion as the fall back. It wouldn’t resolve as much, but it would encourage paying dividends, which could garner more widespread support, while focusing less leftish criticism on corporate taxation.

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