“It’s also important to remember that CPI and PCE, by their very nature, are weighted to the consumption expenditures of higher income households. That’s because they spend more.” @nathantankus.bsky.social www.crisesnotes.com/one-election...

😊

so tempting.

drinking a few will help smooth the victory.

okay. so maybe it wasn’t a landslide victory. but it was for sure a mudslide victory.

there should be a river in Crimea called Crimea River. (sorry.)

i remember! it was Paul Graham i think.

I support an advertiser boycott of X (and Meta, and TikTok too). Here I am publicly stating that. Am I engaged in a "Conspiracy in restraint of trade"?

i'munna pin to my tie an "As Seen On TV!" button and get myself a cabinet position.

"our failure 2 remember…megaplatforms are…intentionally extractive constructs run by brainmelted…very human weirdos is a failure of accountability…our failure 2 remember…it doesn’t have to be this way is a failure not only of imagin8n, but of nerve" @kissane.bsky.social www.wrecka.ge/against-the-...

i used to be fond of Marc Andreeson. we'd chat very reasonably on Twitter sometimes, and i was a fanboy of Netscape back in the day. he's one of those "what happened?" people to me. cf @mmasnick.bsky.social www.techdirt.com/2024/11/14/y...

I'm not calling for eliminating the income tax. I want a much stronger income tax. But its role is predistribution and clipping high incomes, rather than finance in the sense of preventing spending from being inflationary. Payroll taxes would continue (and I'd lift any cap on their application).

the real $DJT.

according to the ascendant political movement in the United States, it’s the 19th Century. bring back childhood diseases and finance the Federal government solely from tariffs. oh, and child brides. don’t have to worry about the marginal tax rates there. until we rescind child labor prohibitions.

there are so many variables to play with, whichever outcome one wants. if one wants married maternal labor participation, use a tax schedule that advantages joint filers, and provide childcare support only via outside daycare. but that’s not what everybody wants, i suspect.

I’m indifferent to the idea. i think marriage promotion is mostly dumb, but i wouldn’t care if a sop to it helped ease the way to better tax policy otherwise.

a lot. but the income tax ought not be about revenue. where you need a financing vehicle—creating space for noninflationary public expenditure—you want something like a VAT, which hits the bid for goods & services. the income tax properly conceived is an income shaping / predistribution mechanism.

The standard deduction should be 150K individual / 300K married.