James Kwak
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Goodbye, Medicare: How the Fiscal-Cliff Deal Endangers U.S. Entitlements
Democrats maneuvered themselves into making the Bush tax cuts permanent, putting Medicare and Social Security at risk in the long run
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The U.S. Does Not Have a Spending Problem, We Have a Distribution Problem
Forty years from now, America will be twice as rich on average as we are today. But most of that wealth will go to the very richest households. We only have a budget crisis if they refuse to pay higher taxes.
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The Most Important Tax Break Is the One That Nobody Talks About
It's investment income.
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The Incredible Political Hypocrisy of America's Most Powerful CEOs
Chief executives are getting away with a clever trick: Publicly calling for higher taxes while giving money to the presidential candidate who will cut theirs
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Yes, We Can Afford Higher Taxes—Here's Why
Neither Obama nor Romney is offering a perfectly plausible vision of America: A stronger safety net and better security paid for with higher taxes on more than the top 2%.
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'I Am a Job Creator': This Is the Country I Want
Last week, the Washington Post published a take down of entitled "job creators." Well, I really am a job creator. And here's what I think the country and I are entitled to.
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It's a Maker's Economy: Don't Pity Wealthy Job Creators
Our economy and tax system already bestow large rewards on people who start successful businesses. It's the rest of America that needs help.
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The Profitable Bailout? Inside the Real Costs of the Saving AIG and Wall St.
The government should be proud of its amazing rescue of AIG. But even this "good" bailout came at a steep price.
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The Case for Jumping Off the Fiscal Cliff (Even if We Fall Into Recession)
This is one issue where Obama and Romney agree: We must do something to prevent a steep and simultaneous tax increase and spending cut in early 2013. But what if we don't?
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Software Runs the World: How Scared Should We Be That So Much of It Is So Bad?
Do we respect the power of software as much as we should?
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The Real Reason That Big Banks Have So Many Scandals
(1) There's so much money at stake for individual players. (2) There's so much complexity in the laws and rules. (3) There's so much reluctance at the top to make fundamental changes.
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The Wisdom and the Absurdity in the Supreme Court's Health Care Decision
Sometimes the Supreme Court seems to behave as if it exists in the same universe as rational human beings. Sometimes it doesn't. Today it did both.
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Failure Is an Option: Does History Forecast Disaster for the United States?
From the financial collapse to Citizens United, America's recent past put it on a dangerous track.
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The GOP's Bizarre, Disturbing Passion for Raising Taxes on the Poor
Let's hope the Republican Party is bought and paid for by the rich. The other explanation for their interest in raising taxes at the bottom is far more disturbing.
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Why America Should Stop Worrying and Love Taxmageddon
5 reasons to support higher taxes right away
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Raise My Taxes, Please!
The Bush/Obama tax cuts saved me thousands of dollars. I'm ready to donate it all to politicians who want to double my taxes.
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No Deal: Why Last Week Might Have Killed Deficit Reduction for the Year
Recent votes in the House show how difficult it will be to deal with our long-term deficit problem. Things are unlikely to get better anytime soon.
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Why Obamacare's Critics Put Budgets Before Families
President Obama's health care reform turns two this week. It's an imperfect law, but Republican alternatives cut health care spending solely by shifting expenses from government budget to family budgets
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Why Is the GOP Suddenly Turning Against College?
Rick Santorum called universities "indoctrination mills." Mitt Romney told a student that government shouldn't pay for the education of lower-income kids. How did it come to this?
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Mitt Romney's Tax Plan Is a Mathematical Disaster
There are two possible outcomes of the candidate's proposal to cut taxes by 20 percent: Either the deficit explodes or the rich pay much more.