tag:blogger.com,1999:blog-6616959642391988608.post2640616415273596775..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: The Eurozone crisis has not proved contagiousScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-87186519171247665692012-04-26T18:49:06.179-07:002012-04-26T18:49:06.179-07:00Guys, with all due respect, you're missing the...Guys, with all due respect, you're missing the big picture. It's all about oil (and alternatives to foreign oil, i.e., domestic nat gas) and health care. Nothing's fixed until they're fixed.<br /><br />Taxes shmaxes.Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9414554680643914002012-04-26T06:44:36.773-07:002012-04-26T06:44:36.773-07:00Re broadening the tax base. There are many dynamic...Re broadening the tax base. There are many dynamic consequences involved here. Ideally this would mean eliminating all deductions and loopholes, in exchange for much lower tax rates. Many income earners in the bottom half of the income scale would pay very little or nothing, but more people would be paying at least something. I think it's important for the majority of workers to pay at least Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-54605379304402557702012-04-26T03:58:59.550-07:002012-04-26T03:58:59.550-07:00Scott,
When you advocate for "broadening&quo...Scott,<br /><br />When you advocate for "broadening" the tax base, does this in general mean that the tax burden is shifted down the cohorts of income earning households? If so, what is your view on those households' ability to pay taxes and also maintain some desired level of spending? <br /><br />I am just trying to se how people who now pay little to none in taxes under our Jason P.https://www.blogger.com/profile/15703616227323090744noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49225870626636119782012-04-25T17:04:26.395-07:002012-04-25T17:04:26.395-07:00Will not a recession in Euroland become ours?Will not a recession in Euroland become ours?Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74267792458597226942012-04-25T14:25:48.496-07:002012-04-25T14:25:48.496-07:00I think I overstated my case on the risk of tax hi...I think I overstated my case on the risk of tax hikes. But even though there are some huge tax hikes scheduled to take place next year, I don't think any member of congress wants to risk allowing that to happen with the elections in sight. A huge tax hike would be very bad for the economy as it stands today (still pretty weak). Someone (likely a Republican) will make the case for extending Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55524800757023867952012-04-25T14:00:57.512-07:002012-04-25T14:00:57.512-07:00Scott, you say, "The U.S. is toying with tax ...Scott, you say, "The U.S. is toying with tax hikes, but I don't see any meaningful chance of that happening."<br />But you have forgotten about Taxmaggedon! Which arrives promptly on January 1, 2013. If Obama/Congress do nothing a huge tax hike is already scheduled to go into effect to the tune of $500 billion! <br /> Obama is toying with more—and I agree that I don't see Jeffhttps://www.blogger.com/profile/04068805988034886750noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74702822723246798892012-04-25T11:30:16.121-07:002012-04-25T11:30:16.121-07:00Recommendations to speed recovery with inflationar...Recommendations to speed recovery with inflationary policy are a consequence of too many pundits and economists too quickly attempting to compare the crisis to the Great Depression. While there should be concern that such an event never happen again, attention should also be focused on policies that will prevent a return of the stagflation the 1970s and 1980s. The "Great Moderation," a Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27866597019731338402012-04-25T09:29:03.092-07:002012-04-25T09:29:03.092-07:00Greece, Spain and Italy ought to leave the Eurozon...Greece, Spain and Italy ought to leave the Eurozone and start printing money. They are detained for very long-term recessions, otherwise. They also ought to balance their budgets.<br /><br /><br />I see no hope for Europe. Too much taxed, too much regulation, and tight money. A toxic combination. <br /><br />The USA is doing a Japan--our only hope is that Romney wins, and the Chicken InflationBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com