Category: Taxation

Creditor of deadbeats = deadbeat debtor: Part 2, Your creditors can’t handle the truth

6 March, 2015 (10:02) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith Yesterday’s Part 1 reporting on the continuing psychodrama that is Greek insolvency established that Greece’s inability to pay its sovereign debt stems, at least in large part, from its inability to collect taxes Greek laws say its citizens owe. Nor does the Eurozone’s glib formulation – […]

Creditor of deadbeats = deadbeat debtor: Part 1, Bad debt and bad paper

5 March, 2015 (10:00) | Economics, Eurozone, Finance, Global news, Government, Greece, Grexit, Recapitalization, Sovereign bankruptcy, Speculation, Taxation, Theory | No comments

By: David A. Smith No sooner had I written People value a government they pay taxes for than confirmation of the thesis was forthcoming, in the form of facts, new to me (which is definitely my oversight), that make Greece’s prospects in the Eurozone even worse than I had previously thought. We’re readying the tax-evasion […]

People value a government they pay taxes for: Part 2, The implications

4 March, 2015 (10:00) | Economics, Government, Housing, Lucy Martin, Political theory, Real estate taxes, Speculation, Sub-Saharan Africa, Taxation, Uganda | No comments

[Continued from yesterday’s Part 1.] By: David A. Smith In yesterday’s Part 1, we explored a fascinating bit of doctoral research conducted by Lucy Martin designed to test whether people’s sense of unfairness, and willing to act on that unfairness, would change depending on whether the money in question had been received as a grant […]

People value a government they pay taxes for: Part 1, The experiment

3 March, 2015 (10:00) | Economics, Government, Housing, Lucy Martin, Political theory, Real estate taxes, Speculation, Sub-Saharan Africa, Taxation, Uganda | No comments

By: David A. Smith Given that People value only what they pay for is indeed a universal rule, it will have subcases – and one such subcase, striking in its own right and with major implications for the way donors deals with country governments, was highlighted in a recent article in The Economist (February 7, […]

Month in Review, March, 2014: Part 2, No spin here, no sirree

2 May, 2014 (09:00) | Bankruptcy, Bonds, Cities, Dictators, Discrimination, Housing, Month in review, Mount Holly, Municipal bankruptcy, New York, Public consultation, Puerto Rico, Speculation, Taxation, Ukraine, US News, Zoning |

[Previous Months in Review available here: Feb 14, Jan 14] [Continued from yesterday’s Part 1.] By: David A. Smith Because affordable housing cannot exist unless the state or nation’s economy and polity are basically sound, roughly half of my March posts dealt with issues of state or national fiscal viability (Puerto Rico and Ukraine), housing […]