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Paying Taxes Like a General, or, Better Yet, Amazon

      Decades ago, when discussing the complexity of U.S. tax code, an ag lobbyist friend noted that all he wanted in any tax reform “was to pay the same taxes the generals paid: General Mills, General Motors, General Dynamics…”

      He’d still take that deal. In 2018, General Dynamics had an effective tax rate of 17.8 […]

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Let Us Pray

Man, that ended badly.
December limped to an ugly conclusion as nearly everyone from Wall Street to Main Street took a year-end pounding not seen in three generations. Pick an investment sector (stocks, bonds, commodities); a nation state (the U.S., China, or the European Union); or a political system (a democratic republic, parliamentary, or single-party rule), […]

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Failure Isn’t Success

The most positive news about the most negative presidential campaign in modern history is that, in 80 or so days, we can forget to remember it.
Or should that read “remember to forget it”?
It’s hard to get the words right when it’s so easy for our political actors to get them wrong. In their hands and […]

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