The Stash
...Or Is Goldman Still Getting the Last Laugh?
Justin Fox is unimpressed with the latest Goldman bonus manuever, in which the top 30 Goldman execs would get their bonuses in so-called "shares at risk" rather than cash, and the shares could be clawed back if the execs turn out to have placed some costly bets: READ MORE >>
Inherited Wealth Comes Back in Style
By many measures, meritocracy is more prevalent now than a century or two ago. But when it comes to how people become wealthy, inheritance seems to play almost as big a role now as it did in the 19th century. Based on an analysis of French data, Thomas Piketty finds that: READ MORE >>
Is the Administration's Economic Thinking Incoherent?
Worth Reading
More evidence that job growth could be strong going forward. Poll: "two-thirds of Americans favor taxing the rich to reduce the deficit." READ MORE >>
Has Goldman Outsmarted Itself on Bonuses?
My first thought upon reading that Goldman is restructuring bonuses for its top 30 executives was that this is designed to preempt much more extreme measures, like an American version of the British bonus tax. READ MORE >>
Obama's Final Four
No, not that final four. This final four, from the OMB blog: READ MORE >>
Worth Reading
Will payroll tax overtake personal income tax for first time? Treasury extends TARP through next October. Might payday loans actually improve well-being? READ MORE >>
Should the U.K. Tax Banker Bonuses at 50%? Should We?
Bull in China Shop
Worth Reading
Meredith Whitney predicts predatory lending will rise. The Brits look to charge a super-tax of 50+% on banker bonuses. Tyler Cowen on how universities might actually start to value teaching prowess. READ MORE >>
