by meep
No commentary from me today. Just links.
(I’m going to Splashdown Beach with the family today. I hope I don’t frizzle in the sun.)
TAX STORIES
by meep
Second in a series on public pension stability. I look at a recent paper from Brookings, where a sample of representative public pensions are projected to see what stable situations they could achieve (including going to pay-as-they-go status). The Brookings authors define stability such that a pension fund debt is a constant percentage of state GDP. There are tables and graphs.by meep
I kick off a series of posts looking at recent papers claiming there is no public pension crisis. My take: I don't care if the term "crisis" is the one used. Many public pensions are not in good condition and will have financial effects on the polities supporting them. Not all public pension systems are in a bad way, but many are, and the systems in place for funding, valuation, and oversight are not only inadequate for protecting public pensions, but often encourage risky behavior.by meep
Oh, Germany. Maybe you’re getting a little cranky from the threatened hard Brexit.
Germany: ‘Meat tax’ on the table to protect the climate
German politicians from the Social Democrats (SPD) and the Greens on Wednesday proposed raising the value added tax (VAT) on meat to the standard rate of...
by meep
I just read some sad news: GOVERNING TO CLOSE
After 32 years, the magazine of record for state and local government will discontinue operations.
Governing magazine has told important stories for over three decades. Stories from and about state and local government – what Supreme Court Justice Louis Brandeis...
by meep
So, as I wrote on facebook:
It’s been a bad several weeks for the pain.
So I don’t have much for today, but I did want to point out one story: a tax hike in Japan.
HIGHER TAXES A HARD
by meep
Bwa ha ha ha ha.
Okay, fine.
Wirepoints: Progressive tax proponents say Illinois is a low-tax state, your tax bills say the opposite
Gov. J.B. Pritzker wants you to think Illinois doesn’t tax or spend enough. “A fair tax system will allow us to eliminate the structural deficit that has plagued our...
by meep
I saw some of these stories in the last Taxing Tuesday, and I decided that I needed to look at this more closely.
WSJ: Why Macron Wants to Tax America First
He targets U.S. companies because he’s already taken as much as he can from the French middle class.
The main...
by meep
Or maybe not.
Let’s go to the tape!
So, I saw this bit from Sweeney recently: Sweeney: Gov. Murphy supported the unions, fringe groups. The Legislature worked for everyone.
During the closing days of the state’s budget battle, the governor asked “whose side are you on?” He did not ask this question...
by meep
Okay, it’s me arguing for SALT cap zero. I haven’t seen others promoting the idea, but it’s probably they’re like me: somebody who can be pure on tax ideology because nobody is paying me for this one way or another.
Also, I don’t have to try to get elected or...
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