Category Archives: Taxes

Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs

The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]

Read more...

Private Equity Slugfest! Managing Partner of Sequoia Slams Blackstone Chief Steve Schwarzman in New York Times Op Ed

Rifts are opening up among the financial elite. Michael Moritz, a partner from Sequoia Capital, penned a New York Times op-ed that blasts fellow private equity big dog Steve Schwarzman of Blackstone for cottoning up to Trump and for making his living from squeezing American workers and benefiting from the carried interest tax loophole, which […]

Read more...

“Many Areas of Appalachia and Mississippi Delta Have Lower Life Expectancy Than Bangladesh”

Four Nobel Prize winners agree that rent-seeking is the biggest driver of rising inequality.

Read more...