Tag: Bloomberg Opinion
U.S. economy keeps defying the recession odds
It’s impressive how well the U.S. economy has held up during the past year. As early as 2018, leading indicators were suggesting a heightened...
Tax the wealthy and their charities will suffer
America’s corporate economy has long been divided between a taxed, for-profit sector and a non-taxed, not-for-profit sector. This division has significant implications for tax...
Millennials, boomers, Gen X labels are ‘nonsense’
Most of the stereotypes tied to so-called generations are ugly and insulting – whether it’s the greed and materialism associated with “boomers,” the narcissism...
Want to save the middle class? Rework unions
If the U.S. is going to make a big dent in income inequality and raise living standards for the middle class, it’s going to...
Long work hours a waste of time
In the sitcom “The Office,” a bumbling manager spends much of his time distracting the hapless employees of a paper company’s local sales branch....
Social Security isn’t doomed for younger generations
I have good news for younger generations worried that they won’t be able to claim their Social Security benefits because we older generations have...
Inequality isn’t always a bad thing
In recent decades, economic inequality in the U.S. and other developed nations has hit levels not seen since the 1920s. Such inequality exacerbates social...
Loan sharks can play a useful economic role
Hear the term “loan shark” and what do you think of? Probably a desperate borrower going to Tony Soprano and, later on, having his...
Trillion-dollar is just what the economy needs right now
The federal budget deficit was just shy of $1 trillion for fiscal year 2019, prompting the usual hand-wringing about the long-term fiscal health of...
Don’t assume it’s futile to tax the rich
For as long as I’ve been an economics journalist , the mainstream view among economists has been that taxing capital – corporate profits, dividends,...
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