Economy

In the aftermath of President Trump’s budget proposal this week, an interesting debate has cropped up in the Twittersphere and elsewhere around whether undergraduates might actually be receiving a sneakily good deal were the budget to be enacted into law. In essence, because...
05/26/2017
Blog
Amid all the tax plans floated out during this campaign, only one remaining candidate, Ted Cruz, has proposed increasing tax on general consumption. In Cruz's plan, the US would impose a 16% subtraction-method value-added tax (VAT), which he calls a "business flat tax." Although Cruz's plan seems...
03/31/2016
Blog
Last week, I had a post outlining how family poverty works. The upshot is that family poverty is largely driven by the ratio of earners to dependents. Families with lots of earners and few dependents have low poverty. Families with few earners and lots of dependents have high poverty. Another way...
03/24/2016
Blog
What if I told you the single most important solution to economic inequality isn’t an economic policy, it’s tackling racism? For the past 40 years, the right wing has peddled a winning strategy. It sells the economic agenda of the 1% to working- and middle-class white voters through a hidden...
03/12/2016
Blog
The fourth quarter of the Obama presidency has been relatively active when it comes to higher education. Last year alone, the Administration announced a proposal to make two years of community college tuition-free, finalized and released a treasure trove of data on earnings and loan repayment data...
01/12/2016
Blog
This weekend, Kevin Carey, head of New America’s Education Policy Program, penned a piece for the New York Times featuring the story of Liz Kelley, a parochial school teacher whose student loan balance has ballooned to $410,000. As with most Times pieces on higher education, the piece has caused...
12/01/2015
Blog
Saturday night’s Democratic Presidential debate didn’t exactly involve the made-for-TV adventures that have marked the Republican primary and its four (not including the kids’ table!) debates thus far. Even the time slot—Saturday night—of the debate seemed to hint at the relative stability between...
11/16/2015
Blog
This week has turned out to be the week of low-hanging fruit for me. On Monday, we had a misleading Cato post that falsely claimed that the US poor are as well off as the poor in Sweden and Denmark. In fact, the poorest Swedes and poorest Danes have 48% and 63% more income than the poorest...
11/05/2015
Blog
Brookings is out with a rather strange four-page report purporting to show that it's hard to reduce inequality with tax-and-welfare policies. It doesn't actually show this, but it's getting a lot of play, so it's worth discussing. What It Says Using tax filing units, the authors determined...
10/15/2015
Blog
The demonized banking industry must make the case it is morally noble. That may jar some ears, but surely enabling retirees to earn a return on their savings and funding business expansion creating jobs and wealth, improving Americans’ quality of and opportunities in life is morally noble. — Eric...
10/01/2015
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