Here’s a distinction I find useful: Pain versus Suffering. Pain is the experience of discomfort. Suffering is the deep and abiding agony we feel due to the stories we believe about our experi…
Source: Problems Don’t Need To Be So Problematic
As the presidential election continues to heat up our Facebook and Twitter feeds, so does the topic of immigration. The anti-immigrant fables are supplemented with a deluge of faulty economics and it only makes sense to bring some better stats to help round our knowledge on the issue. Continue reading “Economics of Immigration”
In lieu of GenFKD’s Oppression to Opportunity (#Op2Op) campaign, and the wall-construction plans of some presidential hopefuls, we are exploring the issue of immigration in a three-part blog series. The first segment provided a brief history of American immigration. The second part, below, discusses the political standoff behind this issue. Finally, we’ll conclude the series with some economics, which could help round out your thoughts on immigration and its effect on our wallet.
“I will build a great wall—and nobody builds walls better than me, believe me— and I’ll build them very inexpensively. I will build a great, great wall on our southern border, and I will make Mexico pay for that wall. Mark my words.” —Donald Trump
Throughout history, immigration has been a key factor in the standoff within party politics, and it doesn’t look like it will ease up anytime soon. What’s more, the significant voter support enjoyed by people like Trump shows just how divided Americans are when it comes to the politics of immigration. Continue reading “Chasin’ The Dream: The Political Standoff on Immigration”
1. People have thrown around this “trickle-down theory” for years since it was used back during Roosevelt’s years. It was directed toward tax revenue. Lower taxes at the top will boost taxable income to increase revenues. In 1921, when the tax rate on people making over $100,000 a year was 73 percent, the federal government collected a little over $700 million in income taxes, of which 30 percent was paid by those making over $100,000. By 1929, after a series of tax rate reductions had cut the tax rate to 24 percent on those making over $100,000, the federal government collected more than a billion dollars in income taxes, of which 65 percent was collected from those making over $100,000. In addition, when the government is continually bailing corporations out, what incentives are there to bring in tax revenue to a government that mismanaged the money? Continue reading “The Seven Biggest Lies in Economics? Not So Fast…”