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Josh Barro Profile picture
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18 Nov, 5 tweets, 2 min read
Inflation over the last year has been 6.2% (including 3.5% for shelter), not 22%. Jesus @TianaTheFirst, this is as bad as the @sarahjeong nonsense.
Housing costs and housing prices are obviously closely related matters (and I expect shelter to push upward more on inflation in the next couple years) but the Case-Shiller index is not directly an index of the cost of being housed.
Also, “transportation fuel” is not the same thing as transportation, and the whole cost of transportation is not up as quickly as the price of gasoline. This piece is a huge mess.
Also, 6% is a lot, you don’t even have to cook the books
This breaks down in more detail everything that’s wrong with that piece. @dcexaminer should retract.

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More from @jbarro

Josh Barro Profile picture
18 Nov
This is really appalling advice. It's highly likely Mr. Sinkovits meets CDC guidelines for a booster (3/4 of adults meet the BMI guideline alone) and many other middle-aged readers who have good reason to call themselves healthy do, too. nytimes.com/2021/11/17/opi…
Really anyone who was vaccinated more than six months ago should get a booster, as several states have fortunately started to recommend, and it's insane that the federal government is making the advice any more complicated than that.
Look how complicated the CDC instructions are on who should get a booster. It's as bad as the IRS! cdc.gov/coronavirus/20…
Read 6 tweets
Josh Barro Profile picture
16 Nov
Yes. And it's true!
Telling parents to mind their own business at a time when schools were not delivering what they are ordinarily expected to was a mistake, and broadly casting the people who are objecting to K-12 practices as "white supremacists" is definitely going to be a mistake.
It is just the opposite of showing to voters that you take their concerns in good faith.
Read 8 tweets
Josh Barro Profile picture
15 Nov
San Francisco clearly has some problems with public disorder that it should address, but if you're going to claim anyone has "ruined" the city, you need to explain why people remain willing to pay so much to live and do business there.
On another note, I find that a lot of people in San Francisco are very annoying, but that longstanding fact doesn't seem to have depressed rents, either.
No two groups of people in the history of the world have deserved each other as much as SF's tech bros and its hippies.
Read 4 tweets
Josh Barro Profile picture
4 Nov
Comms at Microsoft now apparently involve a lengthy land acknowledgement followed by speakers announcing not just their race but also their height and what color their clothes are.
Land acknowledgements are such nonsense... if you're that concerned, why aren't you giving the land back?
Anyway, talking like a total weirdo is bad in contexts where you're going to have to relate to normal people, such as customers
Read 5 tweets
Josh Barro Profile picture
3 Nov
I think the lesson for Democrats is actually worse than this. McAuliffe isn't stupid. He ran this campaign because he thought it was his best hand to play. Voters are dissatisfied with the country's direction, the economy, and not inclined to reward Dems talking up their records.
To do better next year, Dems need better fundamentals on COVID and the economy, and they need to appear more engaged on fixing those fundamentals. Right now, the Biden Admin's emphasis is everywhere else -- climate, Dem wish-list items in the two big spending bills.
The good news for Democrats is there are reasons to think those fundamentals will probably be better next year even if they don't change what they're doing at all. But looking more engaged would still help.
Read 4 tweets
Josh Barro Profile picture
27 Oct
I don’t think this is right. While a wealth tax would be very likely to go down at this court, this is not quite a wealth tax, and real estate (the constitutionally diciest thing to mark to market) is taxed only on realization. This tax is in an area of real uncertainty.
That said, I would be fascinated to read a Gorsuch opinion on what exactly “direct tax” means
There are two ways the tax can survive: Either mark to market taxation is income tax, authorized by the sixteenth amendment; or, it’s a property tax, but taxes on securities are not direct taxes (remember, real estate is not marked to market in the Wyden plan)
Read 5 tweets

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