Because large-scale tax evasion skews key economics statistics, it hampers officials’ ability to manage the economy or make policy, Mr. Zucman says. It erodes respect for the law, preventing the government from carrying out one of its essential tasks. And it discourages job creation, since it rewards people and corporations for keeping money overseas, instead of investing it domestically.
Friday, June 20, 2014
In the wake of Piketty talking about the evils and persistence of inequality, we now have Gabriel Zucman talking about the harm done by the large-scale tax evasion practiced by the moneyd classes.
Tuesday, June 10, 2014
Monday, June 02, 2014
Renewable technology marches on. This technique uses engineered microbes.
"Now, without any pretreatment, we can simply take switchgrass, grind it up, add a low-cost, minimal salts medium and get ethanol out the other end," Westpheling said. "This is the first step toward an industrial process that is economically feasible."
A technique for storing hydrogen in a liquid form has been developed that uses atmospheric CO2. It's a catalytic process that combines hydrogen and CO2 into formic acid. Then another catalytic process releases the hydrogen for use in combustion.