Senator Ron Wyden’s ‘breathtakingly terrible idea’

Another entry into the you can’t make this stuff up file, Senator Ron Wyden, Ranking Member of the Senate Finance Committee, has proffered a pay as you go capital gain tax scheme.   He proposes that  individuals and corporations pay capital gains taxes annually based upon unrealized gains accrued during the tax year.  This would not only include easily valued public […]

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Modern Monetary Theory

As if we needed another reason to question our education system, along comes the newest group of politicians to wow us with their economic ignorance.  After causing economic chaos in France, Britain and much of Latin America our earnest and aggressive freshman congress persons are once again dusting off the ‘something for nothing’ teachings of Modern Monetary Theory (MMT).   MMT […]

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