The new conservative ‘Mount Vernon Statement’ unveiled last week claims that right-wingers are upholding what the Generation of 1776 held dear. But those right-wingers, history shows, are conveniently overlooking what the Founders truly feared. A review of Securing the Fruits of Labor: The American Concept of Wealth Distribution 1765-1900 by James Huston.
Economists tend to add more to the aggravations of everyday life than explain them. Not this economist. A review of Economics for the Rest of Us: Debunking the Science that Makes Life Dismal by Moshe Adler.
But Wall Street’s mainstream critics still can’t bring themselves to challenge the top executive ‘right’ to reap enormous riches.
Don’t expect an answer from the ranters and ravers who frequent ‘Tea Parties’ — or the politicians who egg them on.
Opponents of the proposal for a 5.4 percent health care reform surtax on America’s wealthy seem to be getting a bit desperate. They’ve even turned their fire onto middle-income Americans.
In a down economy, apologists for the awesomely affluent are having to dig deep for inspiration. In the process, they’re getting dirty and looking dopey.
American workers get killed on the job, or badly injured, with a frightening frequency. CEOs have little reason to worry. So why are corporations rewarding CEOs so lavishly for ‘taking risks’?
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.
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.
Critics are charging that the tax hikes on the wealthy in the new White House budget unfairly attack the most worthy among us.