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The tax break state (WaPo)
Roosevelt Institute Fellow Mike Konczal breaks down how the different kinds of tax expenditures work based on income distribution, and explains how they affect current policy debates that revolve around infamous numbers like 47 percent and the 1 percent.
Matriarchy, patriarchy and the masters of the universe (Reuters)
Chrystia Freeland reacts to Paul Tudor Jones’s comment that women stop being successful investors or traders the moment they start breastfeeding. With female breadwinners in forty percent of U.S. households, she wonders if the plutocracy is not only patriarchal but oblivious to working women’s achievements.
Affordable Care Act Could Be Good for Entrepreneurship (NYT)
Catherine Rampell writes that we can expect a significant jump in self-employment in 2014, thanks to the new health care exchanges. When it becomes possible to obtain affordable insurance without a traditional job, the definition of a “good job” can change.
Sorry, There’s Been No Economic Recovery for Poor and Minority Households (MoJo)
Erika Eichelberger shows that wealth recovery has been heavily skewed towards the already-wealthy. As the housing market recovers, the households that haven’t could be in even worse shape, as mortgage principal reductions look more and more out of reach.
Economic Storm Clouds Ahead (Robert Reich)
Robert Reich argues that we should stop listening to economic forecasters who say that everything is going just great. The current recovery is really only a recovery for corporate profits, and most of us are still facing tough times to come.
The High Cost of Unemployment (Slate)
Robert Shiller worries about the effect of unemployment on our nation’s morale, because people don’t respond well to sudden forced leisure instead of work. The concept of less work is nice, but not the current reality.
The Geezers Are All Right (NYT)
Paul Krugman is tired of listening to the deficit hawks claim that Social Security and Medicare are going to go bust, because it just isn’t true, and worrying about funding benefits for 2035 takes the focus off today’s problems, like the jobs crisis.
Ending Corporate Tax Avoidance: Just the Debate I Asked For! (On The Economy)
Jared Bernstein looks at options to change how we tax multinationals, such as placing a minimum tax on foreign earnings or taxing based on where products are sold. Instead of endorsing one solution, he wants to keep talking so this issue can’t disappear.