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“Capitalists Without Customers Are Out Of Business”: Raise Taxes On Rich To...
It is a tenet of American economic beliefs, and an article of faith for Republicans that is seldom contested by Democrats: If taxes are raised on the rich, job creation will stop. Trouble is, sometimes...
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Morgan Stanley Executive Calls For Higher Taxes On The Rich: ‘We Cannot Cut...
Several wealthy bankers, investors, and entrepreneurs have called for higher taxes on the rich as an important part of reducing the nation’s deficit, led most prominently by Warren Buffett. “It is...
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Blame Budget Shortfall On Tax Cuts For The Rich
Let’s leave aside the question of fairness, for now. The paramount question is whether the United States is generating the revenue it needs to fund the public structures that are essential for business...
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Inconvenient Income Inequality
Is income inequality becoming the new global warming? In other words, is this another case where the facts of an existential threat lose traction among a weary American public as deniers attempt to...
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What’s The Deal With Mitt Romney’s Taxes?
So what’s the deal with Romney’s tax returns? Or more specifically, what’s the deal with Mitt Romney letting himself get more and more nippy press by refusing to release his tax returns when virtually...
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“He’s No Aberration”: Tom Perkins Is Willing To Say What The Rest Of The...
Tom Perkins incensed the Internet (again), when he suggested Thursday that only taxpayers should get the right to vote and that the wealthiest Americans who pay the most in taxes should get more votes....
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“Inequality, Dignity And Freedom”: People Least Inclined To Respect Efforts...
Now that the Congressional Budget Office has explicitly denied saying that Obamacare destroys jobs, some (though by no means all) Republicans have stopped lying about that issue and turned to a...
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“America’s ‘We’ Problem”: Being Rich In Today’s America Means Not Having To...
America has a serious “We” problem — as in “Why should we pay for them?” The question is popping up all over the place. It underlies the debate over extending unemployment benefits to the long-term...
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“If You Go Back To 1933″: Another Billionaire With A Victim’s Complex And An...
Ben White and Maggie Haberman report this morning that the political winds seem to have shifted lately in the One Percenters’ direction. Whereas a few months ago, economic populism looked like it’d...
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“Wealth Over Work”: We’re On The Way Back To “Patrimonial Capitalism”, Where...
It seems safe to say that “Capital in the Twenty-First Century,” the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year — and maybe of the decade....
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“Beyond Corruption”: A Campaign Finance System Warped Beyond What It Would Be...
There was a time in our history, thankfully long past now, when bribery was common and money’s slithery movement through the passages of American government was all but invisible, save for the...
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“Wake Up, People, And See The Danger We’re In”: While Watching With Eyes...
This is a column about campaign finance reform. And your eyes glazed over just then, didn’t they? That’s the problem with this problem. Americans know that government truly of, by and for the people is...
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“Cliven Bundy And The Entitlement Of The Privileged”: What He Learned From...
Nevada rancher Cliven Bundy’s 15 minutes of fame are up. He was a Fox News poster boy when he refused to pay fees for grazing his cows on federal land and greeted federal rangers with the threat of...
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“Money Can’t Always Buy Respectability”: Sterling Shielded His Racism With...
Pat Buchanan had an interesting column about Donald Sterling and his long history of racism, often self-proclaimed. His point: follow the money. For years, Sterling has been in court for discrimination...
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“Hedge Funds Versus Kindergarten”: There’s Nothing Natural Or Moral Going On...
The inequality issue is one in which economic and moral considerations can quickly become tangled. That’s particularly true at a time when defenders of free-market economics are increasingly prone to...
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“The Poor Door”: A Symbol Of A Truth We All Know
A few words about the “poor door.” Maybe you already know about this. Maybe you read on Slate, saw on Colbert or heard on NPR how a developer qualified for tax benefits under New York City’s...
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“The Show-Off Society”: In A Highly Unequal Society, The Wealthy Feel Obliged...
Liberals talk about circumstances; conservatives talk about character. This intellectual divide is most obvious when the subject is the persistence of poverty in a wealthy nation. Liberals focus on the...
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“Our Invisible Rich”: Most Americans Have No Idea Just How Unequal Our...
Half a century ago, a classic essay in The New Yorker titled “Our Invisible Poor” took on the then-prevalent myth that America was an affluent society with only a few “pockets of poverty.” For many,...
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“The Millionaire’s Club Expands”: The Wealthiest 10 Percent Of Americans Own...
The millionaire’s club isn’t what it used to be. Time was that “being a millionaire” was a mark of unimaginable success. You’d joined the financial elite. People didn’t much discuss whether you arrived...
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“The Haves And The Have-It-Alls”: The Pain Of Inequality Among Yacht Buyers
In this season of mass commercialism, let’s pause to consider the plight of simple millionaires. Why? Because we now share a common cause: Inequality. You don’t hear much about it, but millionaires are...
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