Back in 1776, public-spirited patriots emerged from the ranks of colonial America’s privileged. But our corporate elite today seems to offer up only thieving, tax-dodging parasites. Why such a contrast?
. . . we would have a fascinating, first-hand history of the roller-coaster first century of federal income taxation.
We today can take more than inspiration from the struggles against plutocracy progressives waged years ago. We can take a host of still cutting-edge policy proposals.
Great economic cataclysms have in the past knocked the super rich off their stride. Our Great Recession’s deep pockets, stunning new income data show, are bucking the historical tide.
Forty years ago, U.S. corporate honchos saw their power ebbing away — to a ragtag mob of long-hairs and loony social reformers. So they did what corporate honchos always do. They asked for a memo.