Savannah photo album: Shipping containers, plus pork rinds for breakfast

What you see there is a big container ship headed down the Savannah River, bound for China or some such place. I didn’t have time to do a good job of framing the photo, but you get the basic idea: Charming, leafy old downtown Savannah in the foreground, modern commerce floating by in the background. [...]

Is it really true that no matter what the tax rate, tax receipts are always the same?

The WSJ ran an opinion piece Tuesday by David Ranson, head of research at H.C. Wainwright & Co. Economics, on what he calls “Hauser’s Law”–the observation apparently made by “San Francisco investment economist Kurt Hauser” 15 years ago that: No matter what the tax rates have been, in postwar America tax revenues have remained at [...]

A chart for the corporation-bashers among you

You request. I deliver. Here’s the chart that commenter Brew asked for: GRAPHIC BY FEILDING CAGE/TIME.COM There’s a bunch of caveats I feel compelled to throw out: Corporate income is taxed twice–once as corporate income and once as either capital gains or dividend income, which are both counted under personal taxes. Also, economists teach that [...]

In Savannah

Assuming that our nation’s excellent and reliable air transportation system cooperates, I will be spending Wednesday and Thursday in Greater Metropolitan Savannah on a reporting trip. I have a couple of roboposts lined up for today (Wednesday), and hope to share some lovely trip photos after that. But if there turn out to be any [...]