EU’s Carbon Border Tax Goes Live, Eliciting Threats from China and Perhaps Soon, the US
China and India are unhappy about a new EU carbon tax on exports like steel. The US is expected to join the chorus. Will they retaliate?
Read more...Category Archives: Taxes
There Are No Free Markets
Neoliberal free market ideology was always a fantasy. But what comes next given the late stage capitalism breakdown?
Read more...Economic Questions: James Tobin’s Transaction Tax
A Tobin tax is a no-brainer for reducing speculation and financial crisis risk. That is reason enough to keep it from being implemented.
Read more...US “R” Us or Tax Sovereignty?
Countries can either capitulate to President Trump’s tax bullying or come together to fight for the sovereign right to tax multinationals fairly.
Read more...Social Reuse of Seized Assets
The Taxcast goes to West Yorkshire in the North of England to see social reuse of seized assets in action.
Read more...Trump Looks Likely to Lose at Supreme Court on Challenge to His Assertion of Emergency Tariff Authority. How Much Damage Would That Do to His Pretenses of Power?
The tariff situation has developed not necessarily to the Trump Administration’s advantage. What happens if it loses at the Supreme Court?
Read more...The Shutdown – And the House’s Inaction – Helps Pave Congress’ Path to Irrelevance
Where’s Congress? The institution is unwilling to assert itself as an equal branch of government.
Read more...How Tariffs Hurt the Ones You Love
Investors believe that companies and industries in “red” areas will be hit harder by tariff blowback than those in “bluer” regions.
Read more...Trump Plans to Use Men With Guns as Part of IRS Campaign Against “Left-Leaning” Groups
Trump, in particular his key deputy Steve Miller, is gearing up to launch his war against political enemies, above all Soros’ Open Society
Read more...Ending Taxes on Home Sales Would Benefit the Wealthiest Households Most – Part of a Larger Pattern in Trump Tax Plans
With Trump chaos-making and zone-flooding, some gimmies to the well-f, like a proposed tax break on home sales, are going under the radar.
Read more...Trump Again Applies His Tariff Wrecking Ball to US Citizens and Businesses with 100% Levy on Imported Patented Drugs, 25% on Imported Trucks, 30% to 50% on Furnishings
Trump is again deploying his tariff weapon, mainly at hapless American patients and consumers….and Indian drugmakers.
Read more...Michael Hudson: Trump’s Destruction of US Economy, Starting with Agriculture
How Trump’s policies are destroying key elements of U.S. economic prosperity, with agriculture as a canary in the coal mine.
Read more...Trump’s Appellate Court Tariff Loss: It Isn’t Over Until the Fat Lady Sings
Trump is likely to win his retaliatory tariff battle at the Supreme Court and even if not, he’s too fond of this bludgeon to give it up.
Read more...Trumpian Tariffs Rerun the Failed Strategy of Import Substitution Industrialization
Trump’s use of broad-based tariffs to promote industrialization have repeatedly failed. There’s no reason to expect different results now.
Read more...Beyond Carbon: The Overlooked Health Benefits of Fuel Taxation
Eco-taxes to reduce fuel emissions not only lower CO2 levels, but also reduce pollution, helping poor neighborhoods the most.
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