Links for 2011-04-11 [del.icio.us]
- Corporate Profits, Arnold Kling | EconLog | Library of Economics and Liberty
So, if you want to complain about “excessive” corporate profits, you are sort of backed into a corner. You have to be arguing that personal saving should be higher and corporate profits should be lower. But that is mostly a matter of how people hold their savings. If I hold my savings in the form of Treasuries, that is personal saving. If I own shares in corporations that own Treasuries, that shows up as corporate profits. Either way, it is net private saving, and ultimately people are doing the saving, either in personal accounts or through corporations that they own. - How Safe Is Your Roth IRA? – Megan McArdle – Business – The Atlantic
While this argument is rather novel, I doubt it will be unique. I’m less excited about Roth IRAs than most people who write about personal finance, and that’s because over the years, I expect we’re going to see a lot more op-eds like Scorse’s. When I look at the budget problems we face, I’m skeptical that Congress is going to live up to its promise to keep its hands off that money. At the very least, I’d bet that high earners are going to see some sort of surtax on their Roth withdrawals. - Growth: Is inequality a hazard or an indicator? | The Economist
The link between inequality and economic growth.
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