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Category Archives: Economix
Five Men really do rule the world: the interesting case of Pimco
And I mean this in the most complimentary sense! The Five Men have been the stuff of fiction for a long time. I seem to recall the fictional account of the Kennedy family, the tawdry and trashy novel Captains and the … Continue reading
Hauser’s Law means you get 19% no matter what
From 1930 to 2010, tax-revenue collection in the United States has never topped 20.9 percent, averaging 16.5 percent of GDP over 80 years. This despite the drastic historical fluctuation in tax rates on the wealthiest Americans. This is called Hauser’s Law, … Continue reading