Stunning graph: the plummeting tax rates of the richest Americans. For the first time in history, billionaires have a lower effective tax rate than working-class Americans.

Buenos inicios de semana :)

palmbeachpost.com/story/news/cri…

Nos parecía curioso que mi sobrina bebé sólo conoce el parque dormida porque cada vez que la llevamos en su carreola se queda profundamente dormida. Luego me di cuenta que si yo pudiera dormir en un parque sin que me juzguen lo haría también.

dios aprieta pero no ahorca sin tu consentimiento

Huele feo cuando dicen que Fiona Apple es indie.

My first PhD paper is out! 🥳It asks: What is local government financialisation? I identify LGs' roles across 4 channels of financialisation based on a review of brilliant work, eg Hulya Dagdeviren Joe Penny Ewa Karwowski stands with 🇺🇦 and 🇵🇸 reijer hendrikse and others journals.sagepub.com/doi/10.1177/00…

Pretty amazing chart in The Times today matching what CBO and others have found

— Top 1% owns 31% of US wealth
— Bottom 50% owns 2.5%

🙏

in honour of the 80th anniversary of Kalecki's paper on full employment.

I think my main problem with the 'inflation is a tax' framing is that it gives the impression that the only or primary beneficiary is the government. This is not generally the case. The distributional effects of a commodity price shock are largely within the private sector.