No taxation without (some decent) representation

The focus on Federal taxes as a Robin Hood-type redistribution tends to focus on economic classes – is the middle class a winner or a loser, etc. Except, Representatives don’t represent classes. They represent states. And, looking at the redistributive effects of taxes on a state by state basis, the Republican party comes across as just a machine in directing benefits their way. Continue reading No taxation without (some decent) representation

“Skinny Repeal” of Obamacare is a Bag of Lemons

The skinny repeal was to do away with the individual mandate where individuals are required to buy health insurance or face penalties. It is a bag of lemons. George Akerlov won the Nobel Prize in Economics for a paper he published in 1970 called “The Market for Lemons: Quality Uncertainty and the Market Mechanism”. In it he said that markets could collapse if one side of the … Continue reading “Skinny Repeal” of Obamacare is a Bag of Lemons