Turning Adam Smith against the hypocrisy of free-marketeers is not the least of the strengths of this solid treatment of a...
Kleinbard (Law and Business/Univ. of Southern California) orchestrates an encyclopedic, and sometimes eye-opening, introduction to the American tax system's mysteries and secrets, including subsidies and handouts and its relation to the budget process and the economy.
The author, trained in tax law and formerly chief of staff to the Joint Committee on Taxation, delivers an unusually spirited defense of the U.S. government and its power to tax in opposition to the “hatred” expressed by taxation's detractors and the government's opponents, whom he calls “market triumphalists.” He painstakingly documents how roughly $2.5 trillion of taxpayers' money is frittered away each year through subsidies in the form of deductions and credits, as well as through inefficiencies. Kleinbard believes fiscal policy is “applied moral philosophy,” and he believes that a lack of education of children may be the federal government's most serious problem. Without proper education, he fears for the future of the country. Yet local property taxes, which largely finance the education system, cannot provide equal opportunity for all. What he calls the market triumphalists' “pernicious conflation of market freedom and political liberty” impoverishes everyone's understanding of freedom. Mortgage deductions and the employer-based health system, which alone squanders more than $1 trillion per year through subsidies to employers and their insured employees, indirectly fund a massive transfer of resources to the nation's richest. These subsidies do not figure in the legislative process at all, writes the author, and are never discussed as charges borne by all taxpayers. Such “subsurface spending” is buried in the tax code, “amounting to as much as all defense and nondefense discretionary spending.”
Turning Adam Smith against the hypocrisy of free-marketeers is not the least of the strengths of this solid treatment of a potentially existential issue.Pub Date: Sept. 30, 2014
ISBN: 978-0199332243
Page Count: 528
Publisher: Oxford Univ.
Review Posted Online: Aug. 25, 2014
Kirkus Reviews Issue: Sept. 15, 2014
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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