Taxing Progressively
Should We Double Taxes on the Rich?
The global meltdown may be shoving high taxes on the rich back onto the political radar screen. The latest sign: a riveting debate in the world’s most prestigious business magazine.
Getting Past the Philanthropic Foolery
The debate over the White House proposal to limit the tax deductions the rich can take on charitable donations has so far revolved around questions over whether the wealthy would give less if they couldn’t deduct as much as they do now. The better question: Just how much are the rich now really giving?
Incendiary Data in a Plain Paper Journal
If Americans ever really digested the sort of statistics that appear regularly in the IRS research journal, the resulting storm of protest might make the rage over AIG seem about as fearsome as a tantrum from a toddler.
Is Taxing the Super Rich a Waste of Time?
America’s most financially fortunate, the cagier critics of President Obama are claiming, can sidestep any hike in the tax rate on high incomes. But history tells a different story.
Is Congress Finally Ready To Seriously Tax the Rich?
Lawmakers in the House, with their vote to tax bailout bonuses at 90 percent, have taken a
first step to real tax progressivity. But America’s rich, amid the AIG uproar, are still enjoying bargain-basement tax rates.
Finally, a Federal Budget that Targets Our Great Divide
For the first time since America’s rich started getting phenomenally richer, a White House budget is linking the concentration of wealth at the top of America’s economic ladder to pain at the middle.
A Final Report Card on the Reagan Years?
Our current economic meltdown may finally have ended the era that began when Ronald Reagan became President. Now a new study — from the Congressional Budget Office — helps us understand the inequality that has us melting.
Nelson Rockefeller’s Deepest, Darkest Secret
In our staggeringly unequal times, the source of Rocky’s distress can offer the rest of us some welcome public policy inspiration.
Congress Grills, Gently, America’s Hedge Fund Titans
Lawmakers do seem to understand the unfairness of an economy that lets hedge funds managers pocket billions of dollars. But they still haven’t recognized that economy’s dangerous foolishness.
Reaganism’s Rise — and Resiliency
The growing inequality of the last three decades rests on a flim-flam economic perspective on how the world works. But neutralizing this flim-flam, even in an Obama Age, will be no pushover. A review of The Big Con: The True Story of How Washington Got Hoodwinked and Hijacked by Crackpot Economics by Jonathan Chait.
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