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Richard Green
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Richard Florida on Choi, Green and Noh
He writes about what we write about on education, migration and rent . It’s abundantly clear that in today’s economy, the ability to attract and mobilize highly educated people—so-called human capital—is the key factor in the the wealth of nations as well o...
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Ten things data have taught me about the world.
(1) Tax cuts do not magically create growth;  (2) Vaccines are among the best things we have ever invented;  (3) raising the minimum wage to a point improves living standards for low wage workers (and that point may be somewhere between $11 and $15 per hour...
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Rent Stabilization Fails to Target Those in Need
Rent stabilization is a transfer from those who own rent stabilized units to those who live in such units.  As such, it is not a specific redistribution from high income households to low income households, but rather a random distribution from owners of va...
Rent Stabilization Fails to Target Those in Need
Rent Stabilization Fails to Target Those in Need
real-estate-and-urban.blogspot.com
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A short piece on the GOP Tax Plan
I write for Fox and Hounds Daily: I am a Keynesian.  By that I mean that John Maynard Keynes’ predictions are generally confirmed by evidence—and that the key to economic vitality is aggregate demand.  While Keynes has been dead for more than 70 years, new ...
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How Harvey and Irma might flood Ginnie Mae issuers
I got to spend some time this week at Toni Moss' Americatalyst event with Ted Tozer, President of Ginnie Mae during the Obama years. I always learn stuff when I spend time with Ted, and in this case, what I learned was a little scary--that for FHA to make a...
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Tony Yezer on Tax Avoidance and Incidence
He writes: "I teach this in urban economics.  However, in this case there is a 4.5% CAP rate (note that is operating revenue net of operating cost including taxes, insurance, etc) and 4% appreciation per year for 8.5% before taxes.  Pretty sweet.  If this a...
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I think I support a tax cut...
...for below median income households. Mitt Romney infamously complained during his presidential campaign that 47 percent of Americans paid nothing for their government benefits.  What he really meant is that 47 percent did not pay federal income tax; they ...
I think I support a tax cut...
I think I support a tax cut...
real-estate-and-urban.blogspot.com
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How the very rich legally avoid paying taxes (h/t/ Ed McCaffery)
It is not that difficult--if you have access to capital.  Here are the steps: (1) Buy an apartment complex for $10,000,000 at a 4.5 percent cap rate with a 35 percent downpayment; finance $6,500,000 with an interest only loan at 3.5 percent that comes due i...
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