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12 posts tagged economics

The Tax War

This opinion piece in The Economist has one of of the more balanced takes on the US (and Western World’s) current tax and income redistribution adventure. It asks a lot of the same questions that I’ve wondered myself.

I’m not a tax expert by any means, but it seems that our efforts shouldn’t be focused on how to get only the rich to pay more taxes directly, but on simplifying and streamlining the existing tax code: the result automatically being that everyone pays a more “fair” share of tax related to the revenue they bring in. I guess that just doesn’t have the same political punchiness in the pulpit for either side.

Mayor Bloomberg On Immigration

I don’t agree with Bloomberg on everything, but I do agree that ignoring legitimate immigration reform is, essentially national suicide. For all of our faults, we’re still a country that many people across the world would like to move to and contribute to. That’s a good thing for all of us. Let’s not mess this up.

Warren Buffett: The U.S. is moving toward plutocracy

Undoubtedly, Buffett is a wise man. That said, what constantly amazes about him is his adherence to common sense. We don’t usually think of simple common sense as wisdom. But it is. Most of us don’t observe it enough. Perhaps, a lot of what we call common sense isn’t all that common anymore?

Bonus: “Every line in the tax code is there because someone was fighting for it. The people who care about that line are concentrated and focused on it, and people who are affected by that line are diffused and really not even aware of it.”

This is why politics are so tricky. It’s hard to care about the one tiny little line-item that doesn’t affect you, but the sum-total of all of those innocent little lines has a huge affect on everyone.

Companies aren’t charities

Elements of this editorial are controversial, for sure, but he raises an interesting point that I’ve wondered about myself: who are we, in the 1st-world of “haves” to slow down economic progress in the 3rd-world of “have nots”? It’s a hard process to balance.

The forever recession

I’m fascinated by this idea. I think he’s right. We’ve lost some jobs that are simply not worth replacing, but if we’re not careful, we’ll further damage our economy trying to live in the past.

Lemonade

Movie Trailer

I caught this trailer on the idsgn blog where they have some more background info on the project by Erik Proulx. It looks like a powerful film.

Don’t try to dodge the recession with grad school

Some food for thought to those thinking about grad school in particular because of the state of the economy by Penelope Trunk.

She splits her post up into a few sections:

  1. Grad school pointlessly delays adulthood.
  2. PhD programs are pyramid schemes.
  3. Business school is not going to help 90% of the people who go.
  4. Law school is a factory for depressives.
  5. The medical school model assumes that health care spending is not a mess.
  6. Going to grad school is like going into the military.
  7. Most jobs are better than they seem: You can learn from any job.
  8. Graduate school forces you to overinvest: It’s too high risk.
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Detroit

The parallels between the Detroit auto-makers and the old-guard music labels are stunning.

Last quote today – I promise. I just couldn’t resist! Read his whole post too, if you’ve got the time. It was hard to decide what to quote.

Web 0.2

Andy Rutledge on the effects of a down economy on Interactive Agencies

Andy has some great points. He expects small companies/freelancers in the creative/interactive profession are best positioned to weather the storm.

I think he’s right. When companies start looking for more value from their marketing and interactive media dollars, small, more agile companies and freelancers will be one of the best sources of it. This is exactly where [gb] Studio is positioned. We’re small, agile, and eager. I’m excited to see where things go over the next couple years.

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