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By Rachel Goldfarb, originally published on Next New Deal

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Chicago Is Your Big (Friendly) Brother (Bloomberg View)

Roosevelt Institute Fellow Susan Crawford explains Chicago's new plan to collect and make public data that could improve local quality of life, like precise pollution levels.

Does He Pass the Test? (NYRB)

Timothy Geithner frames his memoir as a success story of avoiding another Great Depression, and Paul Krugman says that ignores the question of whether things could have been better.

Massachusetts Passes The Highest State Minimum Wage In The Country (ThinkProgress)

The Massachusetts legislature has passed a law raising the minimum wage to $11 an hour by 2017, and the governor is expected to sign the bill soon, Bryce Covert reports.

Detroit Pension Fund Urges 'Yes' Vote on Bankruptcy Plan (Reuters)

Karen Pierog writes that the police and firefighters' fund is urging members to approve this grand bargain, which reduces cost-of-living increases, for fear of larger cuts.

  • Roosevelt Take: Roosevelt Institute Senior Fellow Rob Johnson says that big money in politics encourages pension underfunding.

Awaiting the Supreme Court decision on Aereo (Marketplace)

Dan Gorenstein speaks to Susan Crawford, who says this case about TV broadcasting rights could have wide implications for cable television payment models.

Higher Taxes Do Not Kill Jobs (AJAM)

Job growth in 2013 was concentrated in places that raised taxes or already had high taxes. David Cay Johnston says this confirms that taxes aren't job killers.

New on Next New Deal

What the History of the World Wars Can Tell Us About the Deeper Struggles at Work in Iraq

Roosevelt Institute Senior Fellow David Woolner reflects on previous U.S. efforts to  spread democracy.

Originally posted to Daily Kos Economics on Fri Jun 20, 2014 at 05:13 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  Job-killing taxes in Sweden (0+ / 0-)

    Sweden has it's problems, of course, but it's famously high taxes aren't a big one. Most people are engaged in some kind of livelihood, and they do it within a robust social framework that shifts cost off of the individual. One of the less-noted aspects of the Piketty discussion is the role of war (and high population growth) in capital accumulation. Although the "Game of Thrones" costume and set designers regularly visit Sweden museums for ideas, Sweden has tried to stay out of war for centuries (although Alexander I, through his treaty with Napolean, did end up causing Sweden to lose over 700 soldiers and give up Finland in 1809). The result has been a steady building of capital that smooths life for each generation. Swedish lifespans at the moment are about 4 years longer than the average US lifespan. Wars, overpopulation, and the inability of individuals to accumulate capital are what is bad in the long term, not the tax rate.  

    It is not easy to see what you are not looking for, or to know what it is you do not know.

    by kosta on Sat Jun 21, 2014 at 01:06:26 AM PDT

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