{"id":22812,"date":"2017-02-18T12:08:19","date_gmt":"2017-02-18T17:08:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=22812"},"modified":"2017-02-18T12:08:29","modified_gmt":"2017-02-18T17:08:29","slug":"tax-reform-the-good-the-bad-and-the-ugly-part-one","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=22812","title":{"rendered":"Tax Reform: The Good, the Bad, and the Ugly\u2014Part One"},"content":{"rendered":"<header>\n<h3><a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#end\">Tax Reform: The Good, the Bad, and the Ugly\u2014Part One<\/a><\/h3>\n<p class=\"byline\">\n<\/header>\n<aside class=\"options\"><\/aside>\n<div class=\"body\">\n<div class=\"links\">\n<p><a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#amaz\">The Amazonian Jungle<\/a><br \/>\n<a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#end\">The End of the Dollar Standard<\/a><br \/>\n<a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#double\">The Double Pyramid of Credit<\/a><br \/>\n<a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#problem\">The Problem of Divergence<\/a><br \/>\n<a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#emerg\">The Emergence of Trumponomics<\/a><br \/>\n<a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#there\">There Is Nothing Immutable About a Dollar Standard<\/a><br \/>\n<a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#post\">Postscript: A Modest Proposal to Save the World<\/a><br \/>\n<a href=\"http:\/\/www.mauldineconomics.com\/frontlinethoughts\/tax-reform-the-good-the-bad-and-the-ugly-part-one#flor\">Florida and the Caymans<\/a><\/p>\n<\/div>\n<p><em>Vizzini:\u00a0He didn\u2019t fall?! Inconceivable!<br \/>\nInigo Montoya:\u00a0You keep using that word. I do not think it means what you think it means.<\/em><br \/>\n\u2013 From\u00a0<em>The Princess Bride<\/em><\/p>\n<p><em>\u201cA tariff is a scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer.\u201d<\/em><br \/>\n\u2013 Ambrose Bierce<\/p>\n<p><em>\u201cVast possibilities matured into realities before their very eyes. Nevertheless, they saw nothing but cramped economies struggling with ever-decreasing success for their daily bread.\u201d<\/em><br \/>\n\u2013 Joseph Schumpeter on the Industrial Revolution<\/p>\n<p>The usual thrust of this letter is economics, finance, and investing. Lately, however, the political process has been invading my normal domain \u2013 sometimes to the dismay of some of my readers. I get that politics comes with the territory; and I think everyone, no matter their political persuasion, will agree that taxes, which are political in nature, have a major impact on economics, finance, and investment. And thus commenting on taxes is fair game.<\/p>\n<p>My original intention for this letter was to do an analysis of the Republican tax reform proposals. My associate Patrick Watson and I spent two weeks doing a really deep dive into the proposed reforms. I had the privilege of talking taxes with the chairman of the House Ways and Means Committee, fellow Texan Kevin Brady, as well as his staff. The chairman was kind enough to allow his remarks to be on the record \u2013 but his staff made it clear that they were to be on background. We have also talked with numerous think tanks and other experts across the political spectrum.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tax Reform: The Good, the Bad, and the Ugly\u2014Part One The Amazonian Jungle The End of the Dollar Standard The Double Pyramid of Credit The Problem of Divergence The Emergence of Trumponomics There Is Nothing Immutable About a Dollar Standard Postscript: A Modest Proposal to Save the World Florida and the Caymans Vizzini:\u00a0He didn\u2019t fall?! [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[14822,8226,14821,839],"class_list":["post-22812","post","type-post","status-publish","format-standard","hentry","category-economics","tag-dollar-standard","tag-john-mauldin","tag-tax-reform","tag-us-dollar"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22812"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22812\/revisions"}],"predecessor-version":[{"id":22814,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/22812\/revisions\/22814"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}