All posts tagged: Economics & Money

Tax reform?

By now you have perhaps been hearing stories about how the highly touted Trump tax cut isn’t working so great for some in the middle class. Tax season is off to a slower start this year, with early filers seeing smaller average refunds. The average refund is down about 8% under the first full year of the overhauled tax code, according to data released by the IRS on Friday. Refunds averaged $1,865 compared to $2,035 for tax year 2017. Per CNN

Why You Should (Probably) Avoid Public Accounting

I’m back in the game, I’ve got a few weeks of public accounting under my belt, and tax season is underway. Thankfully it isn’t too crazy yet, we won’t be swamped for another week or so, which is good because it gives me time to adjust to my re-entry into the atmosphere of public accounting — and thus far it’s going pretty well. I did my homework before starting this gig, to refresh my memory and get myself up to speed on the new clusterfuck of changes that are the Trump tax cut, and in the process of my research I came across a ranty but funny article on public accounting by a disgruntled former CPA worker: …These people live, breathe, eat, and sleep accounting. They’re the accounting equivalent of Ultra-marathoners in a world of 5K bumper stickers…. My own journey into and out of (and now back into) public accounting has been an interesting one, and probably not typical of most public accountants.

David Graeber on the Value of Work | YouTube

Short animated video by David Graeber, economist with a wry and witty anarchistic inclination. I think he’s really onto something, here, in terms of analyzing a certain shift that a lot people seem to be having, in our perception of work. For example, how people seem more aware that their jobs don’t really have value and how more and more people are looking to do work that matters and/or that benefits humanity and/or has some greater meaning. It certainly isn’t the first time that workers have felt disgruntled with work and/or disenchanted by corporate bullshit. The potential, though, now, is that people seem to be connecting their underwhelming experience of work with the bigger picture and with politics. For example, A lot of the folks who got active with Occupy, a few years back, were from “caring occupations,” which caused Graeber to view Occupy as a sort of revolt of the caring class. So, could this shift toward more meaningful work completely change how we structure society, poltically and economically?

Ocasio-Cortez’s Green New Deal Is a Winning Climate Strategy | The Atlantic

Good reading in The Atlantic on Alexandria Ocasio-Cortez and the Green New Deal. It highlights one of the overarching differences in the political strategy of the old Democrats (Obama/Clintons) versus the new progressive/leftist breed. The difference isn’t so much about policies as it is about how these policies are framed. The new progressive wave is based more on story and narrative, and this makes it an exciting time to be on the left because the leaders of the movement are appealing to something that can inspire a movement. It’s an approach that could win, and that means there is hope.