Friday, August 22, 2014

Barry Ritholtz, liar and fraud

The guy is plain out fraudulent and seems to think it is OK. He posts a map of taxes paid and benefits received, on a state basis, for federal spending and the numbers do not even add to zero.  Somehow he has Minnesota and Delaware paying for most of the federal budget. He deliberately posts distorted data, and I am not even bothering with the link.  This guy is  worthless as an analyst.

The best numbers for this analysis still come from the 2005 Tax Foundation report.  But  they have not updated these number in a few years and a lot of very bad statistics are floating around, much of it reposted by Ezra Klein, another fraud.  Which states pays and which state receives is information not very popular with the DC crowd and the statisticians at the BLS and BEA tend to obscure the numbers needed to get at the analysis.

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