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Wednesday, June 16, 2021

New Voices In Taxation

The media ignores what is really going on.
— Nat Hentoff, born in 1925

Want to earn more than the PM? Local council can help


Devine’s “Political Management of the Bureaucracy: A Guide to Reform and Control” ought to be required reading for every MP


Members of both parties express concern over unauthorized disclosure to ProPublica; IRS chief says agency is investigating.


G7 tax deal: if you think multinationals will be forced to pay more, you don't understand tax avoidance


WEALTH TAX TALK RETURNS WITH EXPOSURE OF BILLIONAIRE TAX RATES. Warren Buffett allegedly pays around a 0.1% income tax rate, but the odds that someone with billions of dollars isn’t going to find a way to avoid a wealth tax are even lower than that. Plus, do we actually care about taxes as a revenue stream any more? At this point we’re just funding everything through printing money, and the tax is inflation. No surprise there; the only way we can possibly pay the national debt is through inflating it away eventually.

Update: To be clear, Buffett’s “0.1%” tax rate was calculated by ProPublica by taking into account unrealized gains in his wealth, not just “income” like the average person gets, though ProPublica points out that they can just borrow against their wealth and avoid ever realizing the gains for tax purposes. Ultimately, it’s hard to imagine any “fix” that won’t end up missing the super rich and hitting the average person somehow instead.


AALS Annual Meeting Call For Papers: New Voices In Taxation



Kurt Andersen
@KBAndersen
I have been reliably told that Michael Bloomberg has been talking about suing
@propublica
for their reporting about his taxes. Which would be a particularly foolish thing for the owner of a major news organization to do.

 A New Era In Our Relationship With “Non-Human” Things

For the first time, Timothy Morton wrote, we had become aware that “nonhuman beings” were “responsible for the next moment of human history and thinking.” The nonhuman beings Morton had in mind weren’t computers or space aliens but a particular group of objects that were “massively distributed in time and space.” Morton called them “hyperobjects.” – The New Yorker


G7 ballyhoos challenge to China’s Belt and Road Asia Rimes


This was one of the worst weeks for China on the world stage in a while Business Insider


China denounces G7 after statement on Xinjiang and Hong Kong BBC


Empire of Clowns versus Yellow Peril Pepe Escobar



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