Tyler Cowen is my favorite blogger. He is completely unique, brilliant, and infinitely curious. But he just wrote a really bad article for Bloomberg on how The Democrats’ Latest Idea on Taxes Will Only Help Trump. He is responding to the comments by Alexandra Ocasio-Cortez during a recent 60 Minutes interview where she expressed support for additional tax brackets on the high end of the income distribution and a significantly higher top marginal tax rate for those highest brackets.
Continue reading “Cowen has Misled Us On AOC’s Marginal Tax Rate Idea”Personal Finance Basics
The past 50 years have seen incredible advances in investment accessibility for average Americans. With the development of simple indexed mutual funds in the 1970s, average investors gained access to the equity and bond markets that had traditionally only been open to wealthy families and institutions. Further innovations such as ETFs, retirement savings vehicles, and online banking opened the gates even wider. Today, average investors by and large play on a level field with even the wealthiest among us. Yet, because of poor personal finance management, many middle and working class families are missing out on their full retirement potential.
21 Inc. is Worse than Vox Thought
Recently I have seen several headlines surrounding a new tech firm 21 Inc. that has raised a considerable amount of capital. They specialize in bitcoin technology and are particularly focused on linking up the bitcoin protocol with networked home devices that aren’t personal computers, otherwise known as the internet of things.