Author Archive: John C. Goodman

Trickle-Down Taxation

Thursday May 17th, 2012   •   Posted by John C. Goodman at 9:00am PDT   •   8 Comments

The Alternative Minimum Tax was imposed in 1969 because 115 households investing in municipal bonds reportedly paid little or no federal income tax… On Jan. 1, 2013, it is set to hit 27 million more—raising an estimated $120 billion, according to the Obama 2013 budget. In 40 years, a tax on 115 households will…
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Reason for Slow Recovery: Bad Government

Wednesday May 16th, 2012   •   Posted by John C. Goodman at 11:58am PDT   •   0 Comments

Here is Gary Becker: While slow recoveries from major financial crises are common, employment would have increased considerably more rapidly, and unemployment would have fallen much faster, were it not for several factors special to this recovery. Scott Baker, Nicholas Bloom and Steven Davis have studied changes in economic policy uncertainty since 1985, and have…
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Where Did The Stimulus Money Go?

Monday May 14th, 2012   •   Posted by John C. Goodman at 3:48pm PDT   •   4 Comments

Stimulus money didn’t go to the states hardest hit by the recession. States with higher bankruptcy, foreclosure and poverty rates as well as lower incomes got significantly less money. And states that had higher unemployment rates received virtually exactly the same amount of money as states with lower rates. But there was one group that significantly benefited:…
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