A pre-emptive note: I have seen Carl Auböck’s 1950s-era stone and leather paperweights coming up for auction at Wright20 in a few weeks.
Though they bear a superficial formal resemblance, they do not quality as editions of Untitled (Sold Out). If you submit them for authentication, please be assured that I have logged their dimensions, patina, and images, and I will know immediately that you did not buy them at a Nordstrom’s Christmas 2016 pop-up shop, so please save me the hassle and you the certain public embarrassment.
Whether it heals all wounds, time does cool all hot takes. When the Gursky show opened at the Hayward Gallery in January, I was immediately set off by this kicker from Laura Cumming’s review in The Guardian:
But the show’s masterpiece is unlike almost anything Gursky has made before. It is a new work, a single shot of some prefab houses skimmed on a mobile phone while driving through Utah. The photograph registers the speed of the car racing through the landscape – and modern life – in all its random glitches and blurs. At the same time, the houses look perilously ephemeral against the ancient mountains behind them. This fragile little thing, a spontaneous and disposable shot, is enlarged to the size of a cinema screen – a monumental homage to the mobile phone and the outsize role it plays in depicting our times.
Not just Gursky using a phonecam, but Gursky doing something new? Now that is news.
In addition to the phone and all its quotidian implications, what caught my attention was the subject: Utah. I had, just a couple of weeks before, driven along the very road in southern Utah as Gursky. I was also in the middle of a two-month mess on my server, which necessitated rebuilding my blog and its underlying software and databases. But that could wait until I identified the precise stretch of highway Gursky had captured. So I set out again, on Google Street View.
From the geology and the development, it was possible to narrow down the site of Gursky’s photos to the roads around Zion National Park, and east from Zion and Kanab, toward Grand Escalante and Staircase National Monuments. The sections of this rural, two-lane highway with guard rails and fresh blacktop were even fewer. And none of it matched.
This section of Utah is very sparsely populated, and very few roads cross it at all. So the options dwindled very quickly. But on the road between St George and the border-straddling polygamist towns of Hildale, UT and Colorado City, AZ, I recognized the striated mountain range immediately. But there were no houses at all.
Which, two things: it’s now obviously a composite. But before that, those poles. Gursky’s original image is full of blurs and artifacts, including what are apparently some disembodied pole fragments. These artifacts, coupled with the disparate blur on houses, patios, guard rail, etc., led me to assume Gursky had experimented with an iPhone’s panorama feature from a moving car. That he was exploiting the stitching algorithm of the phone, a source of found digital manipulation.
But of course, this turned out not to be the case. What hit me during these first few days was that this Gursky was being presented as a single image when it was now obviously a composite.
And so I set out to find the site of the other, lower half. Which, with every Streetviewed mile, was turning out to be an entirely fictional, constructed composition. While trying to rebuild my webserver I wandered the highways again, finding this or that house; meanwhile the more accurate version of Gursky’s process emerged: that he’d taken photos with a phone, and then returned to reshoot sites with his regular camera, and–like always–he just fixed the whole thing in post.
So my Gursky bust turned into a Guardian factcheck. And I was left dissatisfied, again, by Gursky’s view, even as I grew intrigued by Google’s. I found myself indexing the differences: vantage point, height, date, blur, glitch, and stitching. I imagined Streetview’s rooftop, panoramic compositor, and Gursky’s passenger driveby–which turned out to be a tripod on the shoulder. And I tried to imagine what it’s like for a maker of ambitiously scaled images to work in a world where giant companies are constantly taking a picture of the entire earth. Maybe the better digital analog for Gursky’s practice isn’t Google at all, but etsy.
In good etsy form, I have knocked off Gursky’s image by collaging the elements I’ve found. If/as I find more, I’ll add them until…until what? I don’t know, I guess until it’s done, or I get bored. If you see something say something.
After 6 years and 72 issues, I am sure glad Margaret C. Anderson hung in there to publish one more issue of her avant-garde poetry magazine The Little Review in the Winter of 1922. Because it includes a different Charles Sheeler photo of Baroness Elsa’s Portrait of Marcel Duchamp.
The one that’s been floating around, via Duchamp dealer Frances Naumann, mostly, is a more clinical, perhaps Sheeler-esque photo [below].
But besides the dramatic lighting, the Little Review version actually reveals more of the cocktail of feathers, gears, and flywheels that filled Baroness Elsa’s glass. Also it’s sitting on a plate.
All of this matters to me because this, my second favorite portrait of Duchamp after Florine Stettheimer’s, is lost, destroyed. And so this kind of documentation will help make a reconstitution of it truer to the original, and less of an inspired-by approximation.
Brown University and the University of Tulsa have digitized The Little Review as part of their Modernist Journals Project [brown.edu]
Vintage wood chopped in half, Biblical evocations written on architecture by anxious parents, folks on Twitter wondering aloud about “exorcism gone wrong?” Sounds to me like New York City’s caught a case of Danh Vo Fever!
I am pleased to announce that a work I thought was gone has perhaps come back on view in Washington, D.C. The title, obviously, is derived from Gerhard Richter’s 1971 work, Two Sculptures for a Room by Palermo (below). But its creation, including all the vagaries involved, are inspired directly by Palermo’s work and practice.
Talking about his late student in a 1984 interview with Laszlo Glozer, Joseph Beuys said:
I believe that one of the most important things for art–and he knew it too–is the behavior of people in general. The way people live, the way they live in their space. The way people live was very important for him. The way they inhabit, the way they live, what chairs they sit on, or what they have around them, what they stuff into themselves.
I’d seen the painting first (what they have around them), but it was that charcoal (the way they live) and the horizontal blue passage on the upper left that made the work come into being (the way they inhabit). But that was last year.
Well, if I could, I would say one should perceive his works like a breath. They have something of a breath about them, a breath that vanishes…One ought to see his paintings more like breath that comes and goes, it has something porous, and it can easily vanish again. It is also highly vulnerable. Vulnerable, say, like a cornflower: when you out it into light, it fades very quickly. So one has to perceive that breathlike being as an aesthetic concept and not as a solid structure…
I still don’t know whether to post these matters, or whether it differs from filing it away, or from seeing it, or thinking it. I mean, it’s posted now because the house where this was installed last year came back on the market, with the same listing photos, and I saw them again. But what changes? Is the work still there? Would it matter if it is or isn’t? Does it matter what that crappy little painting even is?
Which seems as good a time as any to mention another work from last year, which I intentionally didn’t post, to see what it was like. Does it change now? Now that situation has been moved out and gut renovated for sure? Now that I can search for it in a different dialogue box? Now that someone else can, too?
For me the value lies in the wonder, the fleeting marvel, the tiny layers of history, of how some people lived overlaid with how other people staged. So I’m good.
On a visit to the Met this week to see Michelangelo, I also surveyed the status of three works there. As I approached, I figured I’d better perform Untitled (Koch Block) myself, in case no one else did.
I needn’t have worried. The kids are alright.
The #andiron is standing strong. I put in a request to view the photographs in the collection by Mrs. Flora Whiting, the donor of the andiron and many more objects; the appointment is not for several weeks.
After visiting Anne Truitt sculptures so much lately, I can’t stop staring at the little climate control stele. Maybe I’ll sneak a new coat of paint for it.
Speaking of painting, the Proposte monocrome, gris has been accepted. I’m not sure I agree with the choice, but it was really out of my hands.
I am now doubly intrigued by the stele again, which in this light seems to have been painted a different grey than the wall or the moulding.
Once again I am able to take comfort, of a sort, in at least knowing how I am different from Jasper Johns, who, when he once caught a glimpse out the window of a car of a wall painted red and black, did not pull over immediately, and photograph it. We stand on the shoulders of giants in the middle of the street.
Our Guernica Cycle – EB-5, 05.06.2017, in the style of George W. Bush, 2017, oil on canvas, 50x80cm (20×28 in.)
On May 6, 2017, The New York Times reported, Jared Kushner’s sister met with potential investors in Beijing, trying to raise $150 million for the family’s Jersey City real estate project. She was promoting the EB-5 visa program, which essentially sells US green cards for making a $500,000 investment. Her PowerPoint slide showed photos of “EB-5 Visa Key Decision Makers,” including Senators Grassley and Leahy; DHS Secretaries Jeh Johnson (ex-, obv.) and Gen. John Kelly (now ex-, too, obv., and White House chief of staff); -and her brother’s father-in-law (and boss) Donald Trump.
Jared Kushner still owned major stakes in his family’s business at the time, having transferred only some of his holdings to his other family members when he became a White House employee. He would subsequently revise and refile his financial disclosure forms repeatedly to include previously undisclosed conflicts, contacts, and investments.
Kushner had tried mightily during the transition to secure Chinese investment in his company’s overleveraged flagship property, 666 Fifth Avenue. His efforts failed, and his partner, Vornado, has since declared that their ambitious plan to redevelop the office building into a multi-use megatower-and refinance it at a much higher valuation-was no longer feasible. The property is on track to go bankrupt as early as 2018, putting the Kushner’s equity at risk. Our Guernica Cycle – EB-5, 05.06.2017 is the second painting in an ongoing series. I now see the Our Guernica Cycle as proceeding in roughly chronological order. It is November, and the outrageous Guernica moments since May are obviously piling up like leaves in the gutter. But the pace of disaster puts us all at risk of forgetting or acquiescing to the obvious wrongs of just a couple of months ago. If painting can do anything at all, it should be able to recalibrate our narrative clocks a bit.
So here is a painting, and a pyramid of prints, of the US president’s family hyping his political power to sell visas in exchange for investing in their private real estate company.
While it is similarly painted in China, in the attempted style of our still-most-relevant painter,
George W. Bush, EB-5, 05.06.2017 obviously differs from the Ivanka / Merkel 03.17.2017 work in several ways. For one thing, it’s done before you decide to buy it. I honestly cannot imagine how this helps. But then, given what we all knew going into it, I could not imagine why anyone, including me, would want to have an awful painting of Ivanka & Merkel in my life, either. Even more than before, this is a case of urgency, of feeling the need for an image of a moment of a crisis to be produced, disseminated, and preserved, even while the crisis continues. To bear witness, to #neverforget.
This work is further complicated by having the actual picture of Trump in it. Could it be any tougher of a sell? On the bright side [sic], the execution of the image is, I believe, more skillfully Bushian than ever. So at least it’s a good bad painting of a corrupt cabal. Right? And anyway, the gradient is probably the best part.
The Modified Kinkade Pyramid is in effect, and all prints will be available in the identical sizes and editions as the first work. However, blighting the image by hand will only take place upon request. So please make a note if you want more blight. The print was made available first to original Kickstarter backers, and now it is available generally, for a limited time. It is discounted 10% because y’all are all VIPs to me, but also to take into account a better sense of actual production and shipping costs. As before, any surplus will be turned back into producing the next images in the Cycle.
Literally no one has asked, but it is possible that the first print, Ivanka / Merkel 03.17.2017 could be made available as well.
Thank you again for your engagement during this ongoing disaster.
Untitled (Mnuchin Gallery), 2017, printer’s proof. ink on rag, 27×31.5 in., $860., limit one per collector, image: ap/jacquelyn martin via @_cingraham
Art and the Mnuchins can never get too far apart from each other. Today Steven Mnuchin was photographed by the Associated Press holding the printer’s proof for a new print edition, Untitled (Mnuchin Gallery). It is issued in a signed and stamped edition of 10, plus 4 artist proofs.
Half of the edition is a #monochrome painting on an uncut 50-subject sheet of $1 bills signed by Steven T. Mnuchin. If you asked me this second the only possible color would be black, insta goth dom leather glove black, into the conscienceless pits of hell black, fund passthrough tax cuts by raising taxes on everyone else and gutting health care soul black, but that might change.
Robert Rauschenberg, Untitled (paper painting), 1953, 18x14x4 in., shoe box tissue paper, glass, wood base. lost or destroyed.
The other half is 50 $1 bills signed by Steven T. Mnuchin, shredded by hand, in an appropriately scaled perspex display case inspired by Robert Rauschenberg’s lost Untitled (Paper Painting) of 1953. All examples are accompanied by an engraved, signed and stamped certificate of authenticity.
As moneyfactory.gov [srsly] has only begun producing Mnuchin notes today, and moneyfactorystore.gov only offers uncut notes from 2013, with former Treasury Secretary Timothy Geithner’s signature on them, the actual release date for this edition is still to be determined. You may add your name to the waitlist.
Previously: Untitled (Mnuchin Gallery), 2017, pdf
Related: Untitled (Crystal Bridges), 2015
2011: ArtCash by Warhol, Rauschenberg, et al for E.A.T., including bills featuring the ur-print-your-own-money traitor Jefferson Davis
Our Guernica Cycle – Ivanka / Merkel 03.17.2017, 2017, 50x80cm, oil on canvas and associated print editions, greg.org
Happy apparent Birthday, Ivanka!
I’ve been staring at her distorted portrait for so long, it took the shock of the news yesterday to make me realize I have not actually, officially, gone public with the results of the first picture I Kickstarted. “Our Guernica, by Our Picasso,” an historic painting to mark the moment last March when Ivanka Trump turned up in a White House meeting with the leader of the free world, Angela Merkel, executed in the style of George W. Bush.
In the course of production of the pyramidful of print editions, plus some canvases, the project became Our Guernica Cycle, and Ivanka/Merkel 03.17.2017 became the first image, unfortunately, and not the last. I’ve now lived with these images for almost six months. All but two of the project backers have received their merch [the last two canvases are staring at me right now, set to be shipped before the opioid crisis is solved.]
And a new image is complete. It is a moment for reflection. Also a moment to celebrate getting these things out of the house. And I’m still asking the question I started with: what is art supposed to do? What is a painting for? The image I ended up with is terrible. In the process of applying the Kinkade-ian custom “highlights,” I realized they could only and ever make things worse. I started calling them “highblights,” or just “blight.” I gave backers the choice between “more blight!” and “it’s bad enough!” and they split almost evenly. With the last works going out the door, I am still undecided.
What does it mean, too, for an artwork to be experienced only [or largely] privately, by its purchasers? It is the antithesis of a Guernica; it’s My Own Private Guernica. Our Guernica.
The greatest outcome from this project has to be the show of support, the collective, shared outrage combined with an open-eyed engagement with art, even knowing it will not solve the horrible problems looming all around us. 59 people bought prints that didn’t exist of an image that hadn’t been created yet, in order to see it happen. And that is amazing, and I am very grateful. Maybe the real Our Guernica is the friends we make along the way.
Six months later, though, we’re obviously not through this. The world has not ended [I’m writing this at 11:39 on Monday night. Oh, I’m just about to publish it at 1PM on Tuesday.] The world has not ended, but our town square is still being strafed by Nazis. So Our Guernica is Our Guernica Cycle. What does that mean?
In the spirit of #thisisnotnormal, I’ve been working my way through images and possibilities, with the goal of accurately witnessing and capturing the political horrors and threats that surround us. Even more than Guernica, I’ve been thinking of Goya, whose Disasters of War series, 80+ prints whose creation occupied decades, and which Goya did not anticipate publishing in full in his own atrocity-rattled lifetime. I’ve especially come to appreciate the Chapman brothers’ Insult to Injury project, [above] where their clownish embellishments of a Goya Disasters of War portfolio condemned the folly of Bush & Blair’s Iraq War. [Called it, obv.]
So I expect this series will go on a while. After the backers were taken care of, I used the rest of the Kickstarter project funds to commission the next painting. It, too, has arrived. I think I will invite the original backers to order one first, but it should be available soon. It, too, was created with instructions to look like George Bush had painted it. The Chinese painters I’m working with seem to have gotten a little better at this bad style. Perhaps that will be when we know the Cycle is complete: when the #ChinesePaintMill system designed to industrialize Gerhard Richter’s paint-from-photo tactics can successfully reproduce the clumsy expressionist facture of the man who is still, alas, America’s most relevant painter. So stay tuned. Our Guernica, After Our Picasso [kickstarter]
Previously, related: On Coming Around on Insult to Injury
This installment of Better Read is the text of the found net artwork, Embroidery Trouble Shooting Page, which was repeated as untitled (etsg) in 2015.
When I first found the page, I marveled at its beautiful folly, and dreamed of printing it as a book. Then of using it as an abstract painting composition generator. Then I accepted responsibility to publish and preserve it after its original code changed. And since then, I’ve explored the possibilities and process for printing it as a single, giant page. I expect it would fill a wall. If you have any thoughts or tips for capturing a rendered webpage as a single image, I hope you’ll get in touch. Download better_read_017_etsg_20171018.mp3 [mp3, 5:35, 2.7mb, via greg.org]
Previously: Untitled (Embroidery Trouble Shooting Guide) untitled (etsg), 2015 [etsg.greg.org]
“Tommy Hilfiger Judas Priest Jacket”
What’s the opposite of a collection? The “Tommy Hilfiger Collection” is being auctioned this week, and it is as pure and empty and hollow and pointless as the man himself and everything he’s ever done. In a way, maybe that achieves a certain level of genius, or whatever its opposite is. A thousand crappy livesful of junk goes up for sale every week, I’m sure, but there’s something useful to understanding the concept of a brand to see how slapping the name Tommy Hilfiger on a thing somehow makes it worth less.
To save Martin Wong’s amazing accumulation of tchotchkes and mementos from his mother’s house, and keep it from being dumped on eBay, Danh Vo transformed the entire collection into a single artwork of his own, which was acquired by the Guggenheim. Vo cast a light on the failings of our cultural memory, and our institutions, even as he successfully navigated his and Wong’s works through the gantlet of conceptual and procedural obstacles. This added depth, resonance, and interpretation to objects, a collection, which might otherwise be seen as insignificant.
This Tommy Hilfiger Collection is the diametric opposite: these objects were acquired and accumulated in the deluded, aspirational pursuit of luxury, fame and glory as ends in themselves, and they suck. They should be scattered to the wind, abandoned and forgotten. It’s not that they don’t have any meaning; they literally mean nothing. Nothing is their meaning. Even paying attention to them here, now, as I type, or as you read, causes only the regret of lost time, and foolish error to well up inside. But it’s too late now, all we can do is try to move on.
The Seal of the President of The United States is the official coat of arms of the U.S. Presidency, and is based on the Great Seal of the United States [below], which is used by the federal government to verify the authenticity of certain official documents. The basics of the current design go back to 1877. After a formal redesign was initiated by Franklin Roosevelt, it was taken up and finalized by Harry Truman in 1945.
Counter-die for the Great Seal of the United States
In that redesign, based on a painting provided by US Naval Commodore Byron McCandless, the eagle was switched from facing to the left-in the forward direction when used on a mounted flag-to facing right, dexter, the standard direction in heraldry. A press release of October 25, 1945 says the eagle faces “right-the direction of honor-but also toward the olive branches of peace” it holds in its right talon.
The Seal design has been unchanged since 1960, when the 50th star was added to its border recognizing the inclusion of Hawai’i in the United States.
The Seal is used on the lectern for presidential press conferences. It appears on the side of Air Force One, Marine One, and presidential limousines. It is affixed to the balcony of the White House for state arrival ceremonies. The Secret Service is authorized to use the Seal of the President on merchandise it sells for charitable fundraising in its White House Online Gift Shop.
The law governing the use of the Presidential Seal is contained in Title 18 U.S. Code § 713. It is primarily concerned with using the Seal to falsely imply endorsement or support for commercial activities by the Government or the President, and with the wrongful exploitation of the Seal for commercial gain:
(a) Whoever knowingly displays any printed or other likeness of the great seal of the United States, or of the seals of the President or the Vice President of the United States, or the seal of the United States Senate, or the seal of the United States House of Representatives, or the seal of the United States Congress, or any facsimile thereof, in, or in connection with, any advertisement, poster, circular, book, pamphlet, or other publication, public meeting, play, motion picture, telecast, or other production, or on any building, monument, or stationery, for the purpose of conveying, or in a manner reasonably calculated to convey, a false impression of sponsorship or approval by the Government of the United States or by any department, agency, or instrumentality thereof, shall be fined under this title or imprisoned not more than six months, or both.
(b) Whoever, except as authorized under regulations promulgated by the President and published in the Federal Register, knowingly manufactures, reproduces, sells, or purchases for resale, either separately or appended to any article manufactured or sold, any likeness of the seals of the President or Vice President, or any substantial part thereof, except for manufacture or sale of the article for the official use of the Government of the United States, shall be fined under this title or imprisoned not more than six months, or both.
In 1972 Richard Nixon promulgated regulations about authorized uses of the Presidential Seal by issuing Executive Order 11649. The Seal, it states, may be used by the President. It may be reproduced for “Use by way of photographic or electronic visual reproduction in pictures, moving pictures, or telecasts of bona fide news content.” It is permitted “in libraries, museums, or educational facilities incident to descriptions or exhibits relating to seals, coats of arms, heraldry, or the Presidency.”
In 1976 Gerald Ford amended EO 11649 by issuing EO 11916, further authorizing “Use in encyclopedias, dictionaries, books, journals, pamphlets, periodicals or magazines incident to a description or history of seals, coats of arms, heraldry, or the Presidency.”
Section 2 of EO 11649 goes on to echo 18 U.S. Code § 713 (b) in constraining commercial exploitation of the Seal:
The manufacture, reproduction, sale, or purchase for resale, either separately or appended to any article manufactured or sold, of the Seals of the President or Vice President, or any likeness or substantial part thereof, except as provided in this Order or as otherwise provided by law, is prohibited.
greg.org, Untitled (Presidential Seal), 2017, digital print on bond in acrylic message holder.
Sheet: 14 x 8.5 in. Folded: 6 x 8.5 in., ed. 25 + 5 AP
An adaptation of this blog post incident to the description or history of seals, coats of arms, heraldry, or the Presidency is now published as a books, journals, pamphlets, periodicals or magazines, in a signed, stamped, limited edition of 25, with 5 artist proofs, three of which have been placed in or reserved for in libraries, museums, or educational facilities, with absolutely and unequivocally no impression of sponsorship or approval by the Government of the United States or by any department, agency, or instrumentality thereof.
Digitally printed in color on 14 x 8.5 inch white bond, it is folded by hand and stored in a decommissioned EZ-GO message holder in clear acrylic, so you can hang it on your fucking golf cart.
Untitled (Presidential Seal) is $20, shipped. [via PayPal]
Installation shot: Untitled (We Privatized All Of Versailles), 2017, embroidered carpet, est. 4m x 3m, ed. 15+3 or so AP, installed at l’Orangerie, Palais de Versailles, May 2017, image: vogue.com
Yesterday was a rough day to be a human being. Turning to art as a supposed respite from the outrages and insanities of the culture swirling around us proved only somewhat effective. Not in a position to handle the news of the day, I turned to the injustices and emotions wrought by Vogue.com’s freshly published, half-baked writeup of a wedding four months past.
The couple, profligate European randoms, heirs to immense enough fortunes but seemingly bereft of wisdom or self-awareness, are made to sound like they think they invented the seven figure wedding. The illogics and contradictions of the narrative continued to bug me across the day: Kim & Kanye were not permitted to have their wedding in Versailles, and were forced to settle for a rehearsal dinner in l’Orangerie, but this former Lanvin intern is so well connected, she could pull it off? Except weddings are not permitted in public buildings in France, so they either had a stealth ceremony, in which case, are they legal? Or they got married in the mairie like everybody else, and had a little religious after-thing, followed by dinner, in one of the five event rental spaces at Versailles: l’Orangerie.
And the bride didn’t have time to get shoes made, but she had time to fill the 156-meter long gallery with a rug, custom embroidered with an Erté-inspired design from the invitation. [Except she did get shoes made. And I have been staring at this rug, and is it really embroidered or just printed?]
On the bright side, karmically speaking, May 28th was brutally hot in Paris, 32 degrees, 12 degrees above average, so all 450 guests had to schlep from the entrance of Versailles, out across the garden, down the 100 Steps, and then double back, a 20 minute trip, in eveningwear, only to reach the historic greenhouse spaces that could not be air-conditioned because of “legalities.” [The bride said the forecast had been for rain. Think about that for a second.]
History of Navigation reverse gilded glass panels from the SS Normandie, 1934, collection/image: the met
Anyway. 156m space, 450 guests, two tables, 110 meters long, 12 meter wide space, 3m wide rug, maybe 4m repeat? We may have lost a few sections when the wedding couple processed their horses down the aisle.
The happy couple gets one, of course, and the calligrapher, and the fashion show producer/wedding planner. Probably set aside one each for the parents, who, though presumably footing the bill, go entirely unmentioned. I’m going to err on the side of caution and say it’s an edition of 15, with 3 or so APs.
I’d probably have a slightly easier time getting a hold of the rug if I held off posting this, but I’m fine to let it play out.
Untitled (Mnuchin Gallery), title page, 2017, 34-page pdf Untitled (Mnuchin Gallery) is a 2017 work comprising a 2012 technical paper by four economists in the United States Treasury Department’s Office of Tax Analysis. The paper explained a revision to the Treasury’s methodology for analyzing the impact of corporate income taxes on companies, owners, and workers. It did this by examining the type of income (capital or labor/wage) and the distribution of those income sources across the entire taxpayer population. It was found, for example, that the top 1% of households accounted for 49.8% of total capital income, but only 11.5% of labor income.
The purpose of the study was to understand the impacts of tax-related policies and forecasts more accurately, and in greater detail, in the hope that more accurate data will lead to better-crafted policy and legislation.
Treasury Secretary Steven Mnuchin has spent several months making claims about lowering corporate income tax rates that are directly contradicted by the findings of the study, and the calculations of Treasury Department’s career economists. So he had the study removed from the US Treasury website, and a spokesman has disavowed the methodology as “the dated staff analysis of the previous administration.” No alternate methodology or analysis has been offered.
Steven Mnuchin, like his father Robert Mnuchin, was a partner at Goldman Sachs. Like is father, he collects modern and contemporary art. One Mnuchin is in the business of conferring relevance on objects by exhibiting them, the other by suppressing and disappearing them. This work is a family reunion of those two tactics. Untitled_Mnuchin_Gallery.pdf [34pg, pdf, via wsj]