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.
Exactly a hundred years ago, decades of progressive struggle finally paid off and outfitted America with a tool for braking the unlimited accumulation of grand private fortune.
America’s deepest pockets, a new report shows, are saving big bucks from the U.S. tax code’s wide assortment of income tax breaks. They’re saving even more from the absence of a wealth tax.
America’s top corporate executives love lecturing the rest of us about ‘fiscal responsibility.’ They want us to expect less from government. But they expect more, and a new report shows how they’re getting it.
Today’s conventional wisdom in Congress on taxing the rich — that tax rates on income at our economic summit have gone as high as they can sensibly go — has no real evidence to support it.
Years ago, right after World War II, America’s most famed corporate tax lawyer gave an answer that had the nation’s super rich squirming.
. . . we would have a fascinating, first-hand history of the roller-coaster first century of federal income taxation.