Unless we change our distribution of non-labor income, we can kiss our middle class goodbye, says entrepreneur Peter Barnes. In his new book, “With Liberty and Dividends for All,” Barnes proposes a nationwide dividend program, like Alaska’s, that would help the middle class and reduce the need for wealth redistribution.
In the past three years, 22 American companies have relocated outside U.S. borders, usually through mergers with or purchases of a foreign company. That move, known as a tax inversion, means corporations are no longer subject to American corporate taxes. Jeffrey Brown learns more about the strategy and its effect on the economy from Roberton Williams of the Tax Policy Center. Continue reading
Pre-employment testing is a science, but the administration of those tests requires careful scrutiny, says guest columnist and industry insider Dr. Erica Klein. She shares her biggest beefs about poorly designed tests — and how to make it through them to compete for the job. Continue reading
You’ve spent decades paying taxes on your earnings to fund your own Social Security benefit, but when your higher-earning spouse dies, you start receiving spousal benefits that wipe out your own, albeit smaller, retirement benefit. Is that a fair deal? Social Security expert Larry Kotlikoff doesn’t think so. Continue reading
The day after Bank of America’s record $16.65 billion settlement with the Department of Justice, Making Sen$e looks back at how the bank increased their holdings of risky mortgages and looks forward at whom — from consumers to shareholders — will be affected by the settlement. Continue reading
Bank of America will pay nearly $17 billion for its role in writing and securitizing risky home loans in the run up the housing crisis. For a closer look at the Justice Department deal, and the impact it and earlier bank settlements might have on Wall Street and across the U.S., Hari Sreenivasan talks to Dennis Kelleher of Better Markets and Lynn Stout of Cornell University. Continue reading
Economist Milton Ezrati argues that the economic policies of Japanese Prime Minister Shinzo Abe — known collectively as “Abenomics” — aren’t doing enough to address the demographic challenges of an aging population. Japan’s economy, he believes, needs more innovation to break away from a failed economic model. Continue reading
WASHINGTON — The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.
Women and millennials are pushing social impact investing into the mainstream, but their support for gender diverse and environmentally sustainable companies isn’t just about feeling good, says Pax World CEO Joseph Keefe; it’s also about higher shareholder return over the long term. Continue reading