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- Feed Preview Taxes/regulation Archives - Angry Bear
Sorta a book review “Wall Street’s War on Workers”
By Les Leopold Chelsea Green Publishing Interesting book I just started to touch upon. Book review by Paul Prescod. Last section touches upon why layoffs may happen . . . Stock Buybacks and Dereg...
Where the 2024 Presidential Election Voting Integrity Will Be Fought
Atlanta USPS Regional Processing and Distribution Centers crashes on launch by Steve Hutkins Save the Post Office This is a long post. It is the only way Steve can get it across the issues create...
More for Them, Less for Us, Talking Taxes and Deficits
Ran across am Americans for Tax Fairness article last night. Corporation tax dodging and executive pay has both is far out of control. A significant number of major U.S. corporations are paying t...
The Lie Banks Use To Protect Late-Fee Profits
Hal Singer at Lever News wrote a commentary explaining how banks (mostly) are upset with the Consumer Financial Protection Bureau capping credit card late fees at $8. One would think this covers ...
Fixing Social Security
If nothing is done, the Social Security Trust Fund is currently projected to run out in about 2033. At that point, projected benefits will fall by about 20%. The Boston Globe has an opinion piece...
How health insurers profit by hoarding your data
A comprehensive All-Payer Claims Databases would help the health care system become more effective and efficient. The Department of Labor could do something about that, but hasn’t. Merrill at G...
Biden Says Billionaires Pay an 8.2% Tax Rate. What Do Other Households Pay?
Let’s compare apples to apples here. Originally Published at Wealth Economics Uncle Joe has thrown out this 8.2% figure a couple of times, including in last night’s SOTU. Multiple folks have�...
Addressing Credit Card late fees and Supply Chain Pricing
My beef has been with the Supply Chain. Yep, you can be forced into manufacturing less product due to part shortages. Unless you are air freighting that stuff or running OT, costs do not necessar...
What real spending and the unemployment rate portend for the 2024 Presidential election (so far)
A bit behind here as other things have distracted me in AZ. Health being one of them. A double dose of excellent reviews of the economy today. If there is one commentary (if you are rushed) on An...
Representative DeFazio taking on Boeing
Taking on Boeing, A senior manager for Boeing’s 737 MAX program testimony about Boeing manufacturing issues and its supply chain. The fatal MAX 8 crashes occurred in 2018 and 2019. He decided...
No Longer Right to Work
We were living in Michigan when Engler and the Republican Legislature passed Right to Work Laws. The effort was meant to undercut Unions and saving costs for the Big Three automakers. Supposedly ...
Aggregate payrolls vs. total withholding taxes paid: which one has been telling the truer tale?
Aggregate payrolls vs. total withholding taxes paid: which one has been telling the truer tale? – by New Deal democrat The drought in new data continues for today. So I wanted to take a furth...
State Supreme Court takes to Task the U.S. Supreme Court
As you read this Slate article, this is something I was also thinking about. How did SCOTUS arrive at its decision and what was the basis or history supporting its decision? SCOTUS was interpreti...
trump’s TCJA Made the Tax System, Tax Season More Burdensome
In Angry Bear’s commentary Looking at the Trump 2017 Tax Breaks, we examined exactly what the TCJA did for citizens. By the end of 2025, the TCJA would add to the deficit an ~$2.2 trillion. If ...
Mark Cuban’s Cost Plus Drugs Plan
Mission of Mark Cuban Cost Plus Drugs The following is Mark Cuban’s pitch on supply drugs. If you do not have healthcare insurance which pays for drugs you more than likely going to pay list un...
Jamie Dimon wants to help poor people by . . .
Jamie Dimon says lower-income people need more help and he’d ‘pay for it by taxing the wealthy a little bit more’ Fortune Taxing the Rich? If he really wants to help the poor? Allow the tax...
In-Box Topics Which May be of Interest
Topical Emails from all different sites. Pulled from my In-Box and which I have no time to write about. Thinking, they still may be of interest to readers who visit Angry Bear. Please be topical ...
Total Income, and the Collapse of the Household Labor Share
The decline in workers’ share of the total pie is far more extreme than standard measures suggest. Total Income, and the Collapse of the Household Labor Share, Wealth Economics, Steve Roth The ...
Banks and Private Equity Cash in When Patients Can’t Pay
It is bad enough with high healthcare costs for doctors, hospitals, medicines, care, insurance, etc. But when all of them start to allow you credit so they can collect their moneys leaving you to...
Fixing the 340B Program, a Critical Safety Net for Uninsured and Low-Income Patients -Part 1
Angry Bear has posted about the 340B Drug Pricing program several times now. What is key to this program is it making available medicines which are out of reach for those who are lower income and...
Social Security The Wall Street Journal And The Art of Lying
Dale Coberly discusses an article written by Andrew Biggs “No, Social Security Isn’t ‘Earned’,” WSJ The post Social Security The Wall Street Journal And The Art of Lying appeared fi...
Chatting With AI On Better Government
J.P. at J.P. McJefferson blog took up a rather interesting conversation with AI/ChatGPT. J.P. McJefferson: Chatting With AI On Better Government, jpmcjefferson.blogspot.com. ME What ideas do you ...
In-Box Topics Which May Be of Interest
Topics pulled from my In-Box which I have no time to write about. Thinking, they still may be of interest to readers who visit Angry Bear. Please be topical. Healthcare Some Reasons to Get Off th...
A new rule that would grant exemptions on swap trades
Here we are agin, trying to make it easier to trade derivatives. Never mind the lessons we thought we learned when Goldman Sachs called on AIG to ante up. There were little in reserve for the swa...
US Postal Stamp Scam
Maybe you have noticed this and maybe you have not? The USPS or the United States Postal Service does not sell stamps at a huge discount. You may get a few bucks off at Costco. It is not going to...
Social Security and Medicare: Fun with Numbers Time
I have added little to this commentary. Economist Dean Baker has taken a position on various aspects of the economy. A positive position which you will see many other commentaries trashing. We av...
Fee For Service Medicare Part D Price Increases
I am late on the draw for this information on Medicare. Been busy with other issues. Had dinner last night at VA’ Bene, a restaurant in Chandler which is not too far from us. An older couple jo...
State Taxes are Driving People to Moving to Other States?
A rewrite by me combining several articles . . . “Go woke, go broke,” cited by one billionaire.” The implication? The ongoing culture war and economic policies of northeastern states had fa...
Just Some More Politics Today
House politics today as most Repubs and Dems support the House funding bill. Democrat Jake Auchincloss of Massachusetts and Mike Quigley of Illinois voted against the passage of House Speaker’s...
SOCIAL SECURITY, A BREAK THROUGH?
Dale Coberly discussing the latest news on Social Security. SOCIAL SECURITY, A BREAKTHROUGH? Dale Coberly For years I have been trying to inform people that the great big, huge horrible “Loomin...
OEMs Pulling Back from EVs?
I rewrote portions of this article and added information from my own experiences in Automotive when new technology is introduced. My experience is not as great when compared to the introduction o...
Greenspan Admits ‘Flaw’ to Congress, Predicts More Economic Problems
Just some economic and political history . . . An October 15, 2008, article in The Washington Post analyzing the origins of the economic crisis claims Greenspan vehemently opposed any regulatio...
Popularism = Populism = Soak the Rich *and* Spread it Out Thin
For some reason in this time of crisis both foreign and domestic, I feel the need to remind Angrybear readers of a very simple stylized fact: If the income tax is constitutional and the top rate ...
Weapons Manufacturer Ditches Blue State, Moves South to Get Out of the Heat
Weapons Gun Manufacturer Ditches Blue State, Moves South, America Insider Carver Malone. NRA Executive Director of Advancement Tyler Schropp . . . “This move is a testament to their enduring le...
New Deal democrats Weekly Indicators for October 2-6 2023
If you get a chance, wander over to Seeking Alpha and read New Deal democrat’s very thorough take on the economy. You can set up a fee, limited account there. AB Weekly Indicators for October 2...
Part 2 of Saving Rural Hospitals – Problems and Solutions for Rural Hospitals
I broke this report into two parts as it becomes harder to complete reading when each of us has other obligations. CHQPR or the Center for Healthcare Quality and Payment Reform is a national poli...
Is Choosing the Status Quo sage ? Is it even possible ?
I am struggling with thoughts about status quo bias. I see many issues where a proposal to do something new is subject to severe scrutiny which is not applied to the implicit proposal to keep doi...
New 20+ year record high mortgage rates begin to impact home sales
New 20+ year record high mortgage rates begin to impact home sales; bifurcation in new vs. existing home prices continues – by New Deal democrat In addition to updated reports on new home ...
Gasoline, Part D, and Medicare Inflationary Increases
Simple commentary. Just started to receive information on increases. Gasoline is a no brainer. We drive a fuel efficient vehicle and do five over as opposed to what others do. It is interesting t...
New Model Oversized Cars are ridiculously Large
Too Big, too Loud, and Too fast appears to be the thing these days. Either they are jacked up squatting, large tired, multiple rear tires, altered mufflered, adjusted emission control to emit soo...
Falling Auto Worker Wages and Increasing CEO Pay . . .
UAW-automakers negotiations pit falling wages against skyrocketing CEO pay: U.S. auto companies have the means to invest in EVs, pay workers a fair share, and still earn healthy profits | Economi...
Integrity Use to Be a Valuable Commodity in New Home Building
Our first new home purchase. I knew we were to have issues and would be working through them. It was new and something we had not had before. Arizona’s Registrar of Contractors says they are se...
Rule Changes Offer Little Relief as Student Loan Payments Resume
If I was new to this dilemma, I would believe this is better news than prior announcements. But it is not good news, it is news coming too late for the borrowers holding exaggerated debt due to p...
Payday Lenders Gave Millions to Republicans Backing Efforts to Destroy CFPB
These people are the lowest of the scum. They were always a shady type of business. There efforts were to target low-income neighborhoods. There actions are to keep their customers victims on a n...
Policies Shifted Trade from China?
Has trade for materials, components, and product shifted away from China to be used in the U.S.? Maybe, maybe not, and maybe later. If you are going to manufacture in the US, you have to have the...
Battle of the Cultures in Getting the Job Done
Two completely different cultures trying to understand one another. I have worked for Japanese, Korean, and German management. How the Japanese and Koreans addressed me was far different than how...
private equity is destroying the labors of love
Successful industrialists financial Wall Street bankers whose business practices were often are considered ruthless and unethical, capturing portions of the market, and bleeding it dry. Not much ...
Tiny Homes Improve the Economy and Are More Than Just Backyard Gimmicks (Edited)
Downsizing was the way to go as we got older and are kid free. Doing so had nothing to do with maintaining our larger house (2600 sq. feet) sitting on over 1/2 acre. I kind of liked maintaining i...
Gasoline Standards Cuts For Gas Guzzlers Start in 2027
Typically, what happens with these types of regulations is delay for another 2 to five years before becoming active. This may occur. The other likelihood being the automakers going to court suing...
Former Ohio House Speaker Finally sentenced to 20 years
As taken from this column and other sources as well. Former Ohio House speaker sentenced to 20 years in $60 million bribery scheme | CNN Politics, Sydney Kashiwagi. A Little Background: FirstEner...
Social Security on Brink of Collapse, Dramatic Changes Coming – Some With ‘Bipartisan Support’
Dale Coberly: This is part 2 of a comment I began July 18 on Angry Bear. It is a reply to an article appearing on the internet by Andrew Herrig at wealthynickel.com under the title. “With S...
Considering Alternatives to Patent Monopoly Financing of Drug Development
There is more to this story than just making technology open to the public so others can manufacturer it. Think about what is being said here. The manufacture of face masks went overseas. When ma...
Deficits, Debts, Surpluses, Borrowing, Budgets, etc. Processes
Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for o...
Open Thread July 9, 2023 US Debt
Differences between Japan and the US Debt. Explain how Japan can manage twice the debt/GDP with no problems but the US is headed to a crisis. Or is the issue really about unnecessary deficit spe...
How the Super Rich Are Killing Social Security
How the Super Rich Are Killing Social Security, Robert Reich Blog, Robert Reich Since Angry Bear has a well known expert on Social Security in the name of Dale Coberly, I like to post other comme...
A Pittance Offered Up for National PFAS Cleanup
What is being offered up by 3M, etc. (NYT article below) is a pittance of what will be necessary to clean up lakes, wetlands associated with the lakes, rivers, and streams. I lived in Michigan. T...
CMS and CBO consistently overestimated the growth in health care spending
National Health Expenditure Projections, 2022–31: Growth To Stabilize Once The COVID-19 Public Health Emergency Ends, Health Affairs, National health expenditures are projected to have grown 4....
Delivering a New Deal to the American People
This is taken from Prof. Heather’s June 15, 2023, Letters from an American. It begs the question of why can there not be another New Deal for Americans? When he accepted the Democratic nominati...
Who bears the responsibility for the East Palestine train disaster?
No one has accepted real responsibility for the East Palestine disaster, The Guardian, Zsuzsa Gyenes A noticeable chemical odor three months later – yet the town and surrounding residents still...
The Post Office Can Bring People-Centered Public Banking to Every ZIP Code
The private banking industry either can’t or won’t do what needs to be done to stop preying on vulnerable people. The Post Office Can Bring People-Centered Public Banking to Every ZIP Code, I...
Debt Ceiling Agreement better than House Bill, Harmful Provisions still Remain
There are many things which could be cut in the present Debt Ceiling bill which alleviate the unnecessary need to cut assistance to those who need it. Food assistance for very low-income older ad...
What Happened To Paying Off The National Debt?
A week ago, this commentary by Bill McBride was up on Calculated Risk. A bit of history dating back to 2001. A very timely post and one which fits in with what was happening today with the Nation...
More on the Debt Limit
This Hill article was up on Naked Capitalism’s Links this morning. More of the Democrats urging extreme caution in pursuing the 14th Amendment as a solution to a debt limit which is an agreemen...
What is in Republican McCarthy’s debt-limit spending cut package?
Factbox: What’s in Republican McCarthy’s debt-limit spending cut package? Reuters, Andy Sullivan. Items Republicans and McCarthy are pushing for in a debt-limit package. The bill would essent...
Bankrupt Bed Bath & Beyond goes after Container and Shipping Companies
Bankrupt Bed Bath & Beyond goes after container shipping lines, freightwaves.com, Greg Miller Kind of an interesting story if true. Bed, Bath, and Beyond contracted for a specific number of conta...
First Republic Bank Seized by Regulators and Sold . . .
Commenter Fred Dobbs reports (NYT) on the seizure of First Republic Bank by banking regulators in the comments section of Angry Bear. I am beginning to wonder how many more seizures will occur. H...
Debt
To be clear, our national debt problem is due to revenues insufficient to cover expenditures. More than anything else, for the past 40 plus years, this accumulated deficit is due to Republican op...
https://angrybearblog.com/2023/04/debt#utm_source=rss&utm_medium=rss&utm_campaign=debt
Income tax withholding payments stumble again
Income tax withholding payments stumble again – by New Deal democrat The important data this week will include new home sales tomorrow, Q1 GDP and initial jobless claims on Thursday, and most...
It’s Tax Day
Yes I am complaining about filing a tax return (I wonder how many people are blogging such complaints today). I am trying to e-file a return for who is a full time student with zero income and I...
https://angrybearblog.com/2023/04/its-tax-day#utm_source=rss&utm_medium=rss&utm_campaign=its-tax-day
Overdue Selection of Stuff from My In-Box
The Overdue Selection of Stuff from My In-Box. Some days are good at Angry Bear. Getting a background in how to run a Blog by myself at this time. Sometimes run out of ideas. Fortunately, I have ...
Swiss claim U.S. banking crisis toppled Credit Suisse
Up to 35,000 UBS and Credit Suisse jobs at risk, SWI swissinfo.ch The megabank created by the UBS takeover of Credit Suisse is reducing its global workforce by 20-30% or between 25,000 to 36,000 ...
New Deal democrat’s Weekly Indicators for March 27 – 31
Weekly Indicators for March 27 – 31 at Seeking Alpha – by New Deal democrat I keep forgetting to put up this link on Saturdays, but you know where to find it: my Weekly Indicators post is�...
Two Banks in Trouble, Some History, and Four Opinions
I have read enough on the bailing out of two banks (Silicon Valley Bank and the smaller Signature bank). in 2018, I had argued against increasing the $50 or $100 (?) billion limit to $250 billion...
Exploring the Consumer and Environment Issues
With the exception of the One-handed Economist, quite a few of these consumerism and environmental articles show up in my In-Box. Some of them are actually quite good. In the past I did have some...
New Deal democrat’s Weekly Indicators March 20 – 24
Weekly Indicators for March 20 – 24 at Seeking Alpha – by New Deal democrat I’ve neglected to put this up for the past several weeks, but by now you know where to find my latest Weekly I...
The Big Myth, by Naomi Oreskes
Naomi Oreskes: All good myths have a kernel of truth. The other title: MAGA: You’ve been played. In her book: The Big Myth, How American Business Taught us to Loathe Government and Love the Fre...
Barney Frank Disagrees with Senator Elizabeth Warren on the weakening of financial rules
This is conversation between Summers and Frank are from March 13th. In this conversation, Barney could be right. He is refusing to agree that raising the limit for banks was a bad idea. If so, th...
Medicare Plan Commissions May Steer Beneficiaries to Wrong Coverage
This article is easy reading exploring some the differences and why people may choose one plan over the other plan. Attached is also a Commonwealth Fund article with more detail. Medicare Plan Co...
Prescriptive View: Three Layers of a Fed Failure
In 2018. I made a similar argument without the detail Skanda Amarnath provides today. My points were not accepted. I went to a “we shall see” mode. And we did see banks taking risks because t...
Silicon Valley Bank (SVB) Was Donald Trump’s Bailout
For some reason, I did not release this one on the 13th. Not sure why. I was at the eye doctor for sure and he was removing membrane from the retina. Never felt a thing. So far so good. It might ...
Thoughts on Silicon Valley Bank: Why the FDIC plan isn’t (but also is) a Bailout
Thoughts on Silicon Valley Bank: Why the FDIC plan isn’t (but also is) a bailout; and why systemic risk remains – by New Deal democrat There’s no big economic data being released today. ...
Rules and Regulations for Thee and Not for Me
“The very men who were arguing the government should protect all the depositors’ money, not just that protected under the FDIC, have been vocal in opposing both government regulation of their...
The USPS Eagle spins S&DCs to Postal Employees
Traditional USPS supporter at Save the Post Office, Steve Hutkins presents the latest information about the reorganization of the USPS. We had let off where President Joe Biden has/had a chance t...
“Time for a VOX Explainer” all Time Winner
I do not understand what the hell is going on regarding Silicon Valley Bank. I read something in the New York Times that seems to suggest to the no doubt completely confused me that somehow money...
“Some of us are illegal and some are not wanted . . .
This NYT story just dredges up the stories we would read and hear in the fifties and sixties. Popular song when I was hanging around the coffee houses then. No Starbucks then or laptops. If the s...
Flat Screen TVs less costly when Compared to Education. Why?
Interesting article on why certain industries are not feeling the impact of Artificial Intelligence. I am not sure I agree entirely with Marc. Sixty-five-inch TV is around $2,000 today. Why use T...
AARP Healthcare Insurance Plan, Just Another Corporate Profit Center?
I am a member of AARP. I am also a part of its MediGap Plan N Program, and Part D Pharmaceutical. Just like to shop at one store. Some do not believe in MediGap. If you are healthy and do not thi...
When Confronted By the Truth . . .
“Jawboning, the moral suasion in the context of economics and politics. In action such is the use of authority to persuade various entities to act in certain ways. It can sometimes be underpinn...
Water Usage Efficiency in Factory Farming and Housing
I am in Arizona these days and watching the state and local area scramble to get developments approved before the Federal Agency in charge of the Colorado River water decides who gets what. I sus...
Looking at the Trump 2017 Tax Breaks and Extension of them
Trump’s Tax Cuts and Jobs Act (TCJA) made significant changes to the federal tax code. The major changes were the lowering corporate and individual income tax rates, increasing the standard ded...
Bringing Railroads Under Public Ownership
UE or the United Electrical, Radio & Machine Workers of America union’s role in railroading is the transportation of train crews. It has a membership of approximately 2,000. Its Executive Board...
Senators, Opioids, and EpiPens
Many things can be accomplished when you have a majority in Congress, Well. almost. For Democrats, Sinema is still growing up and trying to decide what she wants to be. Being a Democrat is boring...
Credit conditions in Q4 were recessionary
Credit conditions in Q4 were recessionary – by New Deal democrat While we are still in our lull concerning monthly data, on Monday there was a significant update of one long leading indicator t...
Democrats, let’s turn the debt ceiling standoff into a referendum on Social Security, Medicare, and Medicaid
President Biden has so far insisted he will not negotiate over the debt ceiling. This makes sense on one level. The Republicans are threatening to blow up the economy to get the Democrats to ...
Interesting(?) Stuff from My In-Box, January 31, 2023
Mixed Bag Today. Police Actions are making the news. Not just on the street. Major story is police beating a man to death. It was very discouraging to read this. Cop City being built and one prot...
From Deficit to Debt
In the real world, if someone spends more money than they make, they run a deficit. Income – Spending = Deficit. Accumulatively, deficits become debt. In order to avoid the accumulation of debt...
Oh The Cost Of It
The 2nd that is. If there was ever anything that cried out for a cost-benefit analysis it is surely the more recent Supreme Court interpretations of our ‘Second Amendment Rights’. On The Bene...
Gun Violence vs Democracy
California Ranked #1 for Gun Safety, Death Rate 37% Lower than National Average In 2021, California was ranked as the #1 state for population and gun safety by Giffords Law Center, and the state...
Saying No to Insurance Company Medication Switches
I can not say I have been exposed to any of this switcheroo as my meds are older technology. We are also on regular Medicare and not Medicare Advantage. I have a larger say with the former. Part ...
Earnings inequality continuing growth in the pandemic labor market
“Inequality in annual earnings worsens in 2021.” This report is a couple of weeks old. Still relevant and supports what NDd has been saying as well as others here at Angry Bear. This is taken...