Alan ColeVerified account

@AlanMCole

Business Economics and Public Policy , Tax Policy Guy, High Priest Emeritus of Twitter

Washington, DC
americanaffairsjournal.org/2018/02/debt-a…
Joined July 2012
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  1. Retweeted
    11 hours ago

    This would focus more of the tax cut on new investment and would likely be pro-growth. A down side is that will put more pressure on the international system. A virtue of the low rate is it reduced the incentive for profit shifting under the current system.

    Dr. Gale supports the idea to raise the corporate tax rate and expand expensing. If we just raise the rate it would undo progress.
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    2 replies 2 retweets 7 likes
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  2. Retweeted
    Feb 26

    Behold, some of the most valuable real estate on earth, dotted with detached single family homes

    Census Tract 4, District of Columbia, District of Columbia
    1 reply 1 retweet 35 likes
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  3. Retweeted
    Feb 26

    At a House intelligence committee hearing, Madeline Albright just formally apologized to Mitt Romney for making fun of him in 2012 when he said Russia was our biggest geopolitical foe. She says the now Utah senator was prescient.

    765 replies 3,603 retweets 16,036 likes
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  4. Feb 25

    Has there ever been a contest as lopsided in history, anywhere, as the one between Percy Shelley's Ozymandias and Horace Smith's Ozymandias?

    5 replies 1 retweet 15 likes
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  5. Feb 24

    I'm prepared to invest in at the IPO as long as the valuation is vaguely reasonable. And I love eating cows.

    People have little loyalty to meat per se. If you made something that was cheaper and tasted better, most carnivores would switch. Once that shift started, social pressure against eating meat would grow rapidly. It would seem, and in fact would be, perverse.
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    2 replies 1 retweet 7 likes
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  6. Retweeted
    Feb 24

    Poor Bill Maher, completely unaware that he himself is lowbrow consumption

    3 replies 19 retweets 146 likes
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  7. Feb 24

    Me most months of the year: Chicago is America's most pleasant city. Me in February: Chicago is an inhospitable moonscape.

    8 replies 3 retweets 95 likes
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  8. Retweeted
    Feb 24

    Great article. But its important to distinguish current and projected deficits. say to relax about *current* deficits (and its clear why) but they don't say the long-term debt projections are acceptable.

    When a former chief economist of the IMF says high deficits are not necessarily a bad thing, it's a little like if a former pope came out in favor of the devil.
    2 replies 3 retweets 14 likes
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  9. Retweeted
    Feb 24

    Brunch is for people who like cheap champagne, splitting checks, 12-person group texts and wasting four hours on a meal that should take two during what could be some of the most productive hours of your day.

    499 replies 648 retweets 5,353 likes
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  10. Feb 24

    If you put out lots of money to demand some good or service, and it's technologically and legally feasible, it will "pull" resources from all of the adjacent parts of the web. And those places, with their shortfall of resources, will also "pull" from their adjacencies and so on.

    1 retweet 9 likes
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  11. Feb 24

    The economy is of course a network of many substitution elasticities, but somehow lots of people don't see it that way. This sickness comes out in "can miners learn to code" type articles, and also in all this sector-specific discussion on MMT twitter.

    2 replies 5 retweets 16 likes
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  12. Feb 24

    Remember Kathy Griffin's severed head? I feel that even by the standards of 2016-2019, that was a truly exceptional news cycle. It was almost two years ago now. Somehow we soldier on through the muck.

    2 replies 1 retweet 8 likes
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  13. Retweeted
    Feb 24

    ??? If I purchase an hour of labor I can deduct the whole thing. Expensing allows me to do the same for a unit of capital.

    6 replies 8 retweets 20 likes
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  14. Feb 23

    The devil is alive and well in 2019.

    All aid trucks on the Francisco de Paula Santander bridge to Venezuela are now on fire — the cargo was able to be removed from the last truck and taken back across the bridge into Colombia.
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    9 retweets 36 likes
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  15. Retweeted
    Feb 22

    We don't talk enough about the economic miracle of Botswana. There's a prevailing perception in pop culture that economic success stories have only been in Asia, and that all of Africa has languished. Botswana has been the largest exception to this. Mauritius is the other.

    8 replies 25 retweets 122 likes
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  16. Feb 23

    Okay, the story isn't funny anymore: "Women, many of them from China, lived inside and were not permitted to leave, detectives learned."

    2 replies 16 retweets 47 likes
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  17. Feb 23

    Nobody should ever eat a cookie that isn't immediately fresh out of the oven. And even of those, many of them are still bad.

    8 replies 13 likes
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  18. Feb 23

    [clears throat] All girl scout cookies look bad. I have never eaten a single one and I do not intend to eat one.

    71 replies 6 retweets 58 likes
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  19. Feb 23

    This chart shows investment rising, after years of stagnation under the Obama presidency. As a percentage of GDP, gross private domestic investment is higher than it has ever been during the entire economic expansion.

    Opponents of the tax cut argued it wouldn't do much for biz inv. Instead, buybacks would rise, we said. Proponents disagreed. Then, when buybacks rose, they said "First buybacks, then inv." Still not seeing it, which was, as noted, predictable:
    5 replies 3 retweets 13 likes
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  20. Retweeted
    Feb 22

    wtf I love Dianne Feinstein now

    2:19
    This is how reacted to children asking her to support the resolution -- with smugness + disrespect. This is a fight for our generation's survival. Her reaction is why young people desperately want new leadership in Congress.
    Show this thread
    12 replies 32 retweets 282 likes
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