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  • Foreclosures, Ghost Towns and Sorrow

    Heard from a friend who lives in Florida (the state with the second highest rate of foreclosures in the country) that in the Town of Port St. Lucie on the Atlantic coast the courthouse employees are working double shifts, day and night, to process foreclosure casework. I've seen a lot in the media about how foreclosures are ''not that bad'' ...
    Posted to Everyday Economics by ATodd on March 6, 2008

  • College tuition would be taxed under "fair tax"

    Doesn't everyone here realize how many here-to-fore untaxed items would now be taxed by this ''fair tax''? Things like college tuition, doctors, laywers, plumbers, hospital bills! The poor wouldn't be affected much by a consumption tax, due to the prebate. The middle class, which tends to spend all income would be hurt the worst, because no ...
    Posted to Everyday Economics by freethinker on January 12, 2008

  • Black Market, Inevitable Complication

    After increasing the price on everything by 20% [unrealistically low] to 30%, how long will it take for a thriving black market to develop, with organized crime and ordinary citizens participating? Then, we will see the additional regulating begin, which will easily become equivalent to the current IRS law. Even without the black market, we will ...
    Posted to Everyday Economics by erogliktuort on January 11, 2008

  • Re: You guys are missing the *whole point*

    A (false) underlying assumption among those who support proposals like the NST is that everybody spends everything. While this may be true from a the multi-generational perspective, it is certainly not true in the short run. There has been for some time now a huge and growing financial management industry that encourages individuals to SAVE SAVE ...
    Posted to Everyday Economics by ldirrb on January 11, 2008

  • I didn't think Landsburg could get any worse

    After his hit piece on Al Gore, I was sure that Steven Landsburg was scraping the bottom. But he's now dug through the pine barrel and is scratching rock. It takes a lot of guts to write about a flat tax or a national sales tax and not even mention the concept of regressive taxation. He talks about ''graduation,'' but then dismisses that without ...
    Posted to Everyday Economics by Science on January 10, 2008

  • The Biggest Mistake of Them All

    Has it been noted that Steven Landsburg never speaks of global warming as a process that is acting in the present? This was perhaps his most glaring error. Global warming will not only affect future generations. It is alreading affecting ours.
    Posted to Everyday Economics by gracestreet on October 25, 2007