Yes, argue proponents of basic income, the policy proposal to scrap social welfare programs in favor of just cutting everyone a check. Fivethirtyeight summarizes the arguments: Efficiency-minded libertarians like the idea of streamlining the bureaucracy of the welfare state. Silicon Valley techies hope a guaranteed income would cushion the blow as automation replaces human jobs. […]
The New York Times, in an article titled, "One Top Taxpayer Moved, and New Jersey Shuddered," explains: Our top-heavy economy has come to this: One man can move out of New Jersey and put the entire state budget at risk. Other states are facing similar situations as a greater share of income — and tax […]
The vote was supposedly to take place on May 4–two days ago–but I can't find a record of it on the FCC web site. (HT: Norm Silber).
Chris Jay Hoofnagle, FEDERAL TRADE COMMISSION: PRIVACY LAW AND POLICY (2016) Reviewed by Dee Pridgen Chris Hoofnagle has put together an impressive, authoritative and useful treatise on the law of consumer privacy in the U.S. and the role of the Federal Trade Commission. This book is an excellent read for all those interested in consumer […]
Another important regulatory document related to the CFPB's proposed rule is the Final Report of the Small Business Review Panel on the CFPB’s Potential Rulemaking on Pre-Dispute Arbitration Agreements. In creating the CFPB, Congress subjected its regulations to the requirements of SBREFA, the Small Business Regulatory Enforcement Fairness Act, a piece of legislation originally enacted […]
The CFPB has just released its much-awaited proposed rule on forced arbitration clauses — arguably the single biggest step the Bureau can take to level the playing field for American consumers. If adopted after notice-and-comment, the CFPB's new rule would prohibit forced arbitration clauses that prevent consumers from banding together to hold companies accountable in court, […]
Last week I posted something about the latest attack on the CFPB's constitutionality because of its single-director structure and sought comment. Americans for Financial Reform Policy Counsel Brian Simmonds Marshall addressed the issue on the ACS Blog in an informative post titled An Easy Case: Why a Federal Appeals Court Should Reject a Constitutional Challenge to […]
The Federal Trade Commission has charged the operators of dozens of companies with deceiving consumers by using fake newspaper subscription notices. According to the FTC’s complaint, through a complicated web of companies, the defendants send consumers “Notice of Renewal/New Order” mailers for subscriptions to newspapers such as The New York Times, The Wall Street Journal, […]