In 1944, the year billionaire investor Warren Buffett first paid income tax, Americans ‘soaked the rich’ — and benefited mightily from the soaking.
Lobbyists for America’s grandest fortunes may want to raise their rates. Capitol Hill is getting a gadfly who can really sting.
A slick new ad campaign from America’s most notorious billionaires is tugging at our heartstrings — and distorting the debate over inequality.
From the days of slavery to the 21st century rebirth of the poll tax, our tax system has been concentrating wealth at African-American expense, as legal scholar Andre Smith details in a timely new book.
The kingpins of Congress have spent years carving tax loopholes that help America’s CEOs fleece the federal treasury. Now these kingpins are pushing a corporate tax ‘reform’ that ignores the loopholes.
Americans want what 21st century politics has so far not delivered: real options for challenging concentrated wealth. The latest evidence.
Pundits and political scientists are always searching for that simple theory that’ll explain just what makes our politics tick. Where should they be looking? How about in the eyes of a billionaire at tax time?
Heiress Bunny Mellon didn’t promise us a rose garden. She gave us one. We would have been better off with more equality instead.
A prominent conservative in Congress has released a tax reform package that actually will not leave the rich significantly richer. Should we be grateful for small blessings — or suspicious? Or both?
Those Americans struggling against poverty in the 1960s had plenty of obstacles in their way. We have more. They operated in a functioning democracy. We live, by contrast, in deeply plutocratic times.