…tax rates are lower than those in the US. Certainly, part of it is massive budget deficits, and as the MMT people note, they were borrowing from abroad. I do…

…in places like dKos among people who have confused the concepts of budget accounting and cash flow. Budgets and budget scoring are mysterious beasts and neither deficits or surpluses necessarily…

…otherwise unable to afford private insurance. ***** After all, as Robert Reich argues, the “fiscal cliff” and “looming budget deficits” aren’t the worst of our problems. The central problem of…

…2025 and creating deficits. There is a solution to all of this. Passed under Reconciliation, Trumps Tax Cuts and Jobs Act (TCJA) was to pay for itself with increased productivity…

…top marginal rate is below 50%, a tax increase is correlated with more private investment and less private consumption. 2. Deficits and the national debt. This is another tax related…