Policy: Academics call for a global wealth tax
It would start with billionaires, and then, they say, expand downwards from there to tax “other rich people”: Billionaires Are Next Up in Crosshairs of Global Tax Architects (msn.com) After…
Economy: Rent price controls might be a root cause of high housing costs
Rent price controls might be a significant factor in today's housing shortages.
Follow up: Economic forecast models mostly useless
The New York Times also chimed in on the poor forecasting record of economists Monday in a separate story, “New Normal or No Normal? How Economists Got It Wrong for…
Economy: Mean net worth of American households exceeds $1 million … but …
Impressive numbers, but not everyone is average. Hence, the median number also tells us a bit more ...
Workforce: Ageism is ingrained in the work world
Employers much more likely to hire someone less than 45 years old. After that, participation in the labor force begins to drop off sharply. According to an OECD report which…
Economy: Americans grew rich by borrowing from their future
Not even a peep about how government transfer payments increased household wealth – by taking on huge government deficits: US household wealth surged at record pace during pandemic, Fed says…
Media: “The cost of homeownership spiraled upwards last year”
Everything about financing a home purchase surged last year, from mortgage rates to fees and discount points, according to a report from the Consumer Financial Protection Bureau on mortgage costs.…
Finance: Assumable mortgages are back
Finally! A story writer adds accurate context: Assumable mortgages were popular in the 1980s“For the last 40 years, rates have been falling, so nobody cared about assumability,” said Tod Tozer,…
Economy: Inflation as low as long as you don’t buy stuff that is rising in price
If you remove all the things that are rising in price, inflation is low, says expert.