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.
In our staggeringly unequal times, the source of Rocky’s distress can offer the rest of us some welcome public policy inspiration.
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.
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.
America’s richest have seen the top tax rate on their income drop by half since 1980. Apparently, suggests a new analysis of IRS data on tax cheating, they feel they deserve a bigger discount.
In the states where America’s wealthy congregate, politicians can’t seem to see any wealthy people when the time comes to decide who to tax.
Editorial writers at the Wall Street Journal are still celebrating George W.’s tax cuts, but the Presidential campaign’s first debate on tax policy has just helped expose who really gains when tax cuts tilt to the top.
Who’s going to win the White House in November? For America’s super-rich, that’s literally a million-dollar question.
The White House’s most succesful disinformation campaign? That’s not Iraq. It’s the war on the estate tax.
During World Wars I and II, lawmakers asked all Americans, even the rich, to sacrifice. Here in the 21st century, the rich get tax breaks during war-time. What happened? A review of War and Taxes by Steven Bank, Kirk Stark, and Joseph Thorndike.