Econamici blog

Mamdani Needs to Catch the Value Capture Bus

Mamdani is already targeted by big real estate. He has nothing to lose from proposing a tax on properties near bus stops to cover the $800 million cost of free bus fares.
Read More

Fighting the Wealth Hoarders with Transparency and Taxes

Over the last five years, from my 5th floor apartment window, I’ve watched a blue spire rise in the distance. Fifteen blocks south of me, 225 West 57th Street has just joined Billionaires’ Row in Manhattan. At 1550 feet it’s now the tallest. Apartments in these buildings have been selling
Read More

Taxing More from the Rich Is Difficult. This Is How to Do It.

In the March 1 UK Prospect, economist James Galbraith offers the Brits, and us, two proposals to repair a broken economy. The first, unsurprisingly, is a heavy tax on estates, with a high exemption. The second is a land tax. Yes! This was the preferred tax of the classical economists,
Read More

Interview About Monopoly with Paul Jay on The Analysis

To reduce inequality, monopolies in finance and other economic sectors should be broken up or made public
Read More

Review of Break ‘Em Up by Zephyr Teachout

It's tough being a chicken farmer. Three processors, Tyson, Pilgrim’s Pride, and Perdue, have divvied up the American chicken market between them. Chicken farmers must sell to the one who “owns” their geographical area. That processor dictates where they get their chicks, how they build their chicken houses, what feed
Read More

How Colonies Can Liberate Themselves by Taxing Real Estate

A colony is an area of land belonging mostly to outsiders, who extract more than they put in, hold good property underused, and control local politics. Greece, Haiti and Puerto Rico are colonies. Given the political will, and absent military intervention, colonies can liberate themselves by taxing the land.
Read More

Putting Land and Power Back into Economics

Rethinking the Economics of Land and Housing, by three British economists, puts land and power back into economics, by recognizing--as did the classical economists--that ownership natural resources conveys wealth and political power. It also provides an enlightening history of British postwar housing policy, which has gone from building inexpensive rental
Read More

James Galbraith Tells Us What Everyone Needs to Know About Inequality

Inequality has surged in the U.S. over the last forty years; many observers now blame the deregulation and tax cuts for the rich starting with the presidency of Ronald Reagan in 1980. In his new short book, Inequality: What Everyone Needs to Know, James Galbraith explains how this happened through
Read More

Congressman Bill Foster Explains Why Middle Class Tax Cuts Lead To Economic Growth

If you give a dollar to a middle class family, they will spend it in the local economy and spur growth, or they will use it to make a high return investment, such as paying for their children’s college. If you give that same dollar to a very wealthy individual,
Read More

Taxing Carbon is Like Taxing Diamonds

A carbon tax would operate much like a diamond tax, for reasons both of demand and supply.
Read More
Load More
Filter by Year

Tags

Tags
Categories