At a recent House hearing, estate tax opponents focused on farmers because they’d prefer not to mention that repealing the tax helps only billionaires and multi-millionaires.
Conservative economists tried to embarrass Thomas Piketty at the American Economic Association annual meeting this weekend in Boston. They ended up embarrassing only themselves.
The marches in the streets may have been provoked by police conduct in Ferguson and Staten Island. But there is a deeper dream that has been deferred.
Why should our greatest generation be behind us?
In his surprise best-seller, Thomas Piketty warns that growing wealth inequality will have a corrosive impact on our democratic institutions.
Present-day inequality reflects the poisonous result of eroding net worth among African-American and Latino households and an exploding concentration of wealth in the top 1 percent, and within that, among our richest 400 billionaires.
Advantages accelerate for wealthy children while disadvantages compound for everyone else.
Mitt Romney and I both grew up in Bloomfield Hills, Michigan, a wealthy suburb of Detroit. For much of our childhoods, we were represented in Congress by a tireless defender of the rich and powerful, William Broomfield.
The American people, more and more of us are realizing, aren’t powerless in the face of extreme inequality.
A powerful coalition of U.S.-based global companies is lobbying hard for a “tax holiday” on offshore profits. Congress should say “no!”