This shift in how companies are governed and raise money is bringing with it a structural change in American capitalism. That should be a matter of great debate. Are these new businesses, with their ability to circumvent rules that apply to conventional public companies, merely adroit exploiters of loopholes for the benefit of a plutocratic few? Or do they reflect the adaptability on which America’s vitality has always been based? - Rise of the distorporation - how changes in the way companies are financed and managed is changing the wealth distribution of America.
The iEconomy: Apple and Technology Manufacturing. Since January, the New York Times has been running a series of articles "examining the challenges posed by increasingly globalized high-tech industries," with a focus on Apple's business practices. The seventh article in the series was published today: In Technology Wars, Using the Patent as a Sword. Related: For Software, Cracks in the Patent System and Fighters in the Patent War. [more inside]
Effect of Herman Cain's proposed "9-9-9" tax reform plan on average household tax liability. Cain is leading the field of GOP Presidential candidates in polls of Iowa, South Carolina and Florida. Previously 1 2
Subsidizing Healthy Foods by Taxing Unhealthy Foods. Mark Bitman proposes a "national program that would make progress on a half-dozen problems at once — disease, budget, health care, environment, food access and more — while paying for itself." [NYT] [more inside]
On January 1st, the U.S. estate tax will disappear. For exactly one year. Then it will come back higher on Jan. 1, 2011. Will lots of old rich people die? [more inside]
[E]ven if you are unemployed you still receive a base amount of [vacation money] from the government, the reasoning being that if you can’t go on vacation, you’ll get depressed and despondent and you’ll never get a job.After a year and a half of living in the Netherlands, American writer Russell Shorto compares the Dutch "welfare state" to the tax, health care and social security systems of the United States.
But does the cartoon image of [the Dutch system] — encapsulated in the dread slur "socialism," which is being lobbed in American political circles like a bomb — match reality? Is there, maybe, a significant upside that is worth exploring? [...] I think it’s worth pondering how the best bits might fit.
A very special 'This American Life' about an administration with the endemic belief that laws only apply to the little people, and a limitless refusal to concede on even petty issues, no matter the costs. The highlight is about immigrant widows of US citizens (30:50). The program also discusses the constitutional beliefs of the presidential candidates. [more inside]
Cost of Government Day - "n. the date of the calendar year, counting from January 1, on which the average American has earned enough in cumulative gross income to pay for his or her share of government spending (total federal, state, and local) plus the cost of regulation."