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!”
If you care about the future of the republic, the health of our communities, and prospects for a new green economy, the fight over taxation and concentrated wealth is your fight.
CEOs Get Massive Rewards for Dodging Corporate Taxes As the Super Congress eyes trillions in budget cuts that will undermine the quality of life for most Americans, here’s a stunning fact to contemplate: Twenty-five hugely profitable U.S. companies paid their CEOs more last year than they paid Uncle Sam in taxes. In other words, the […]
If the companies that offshore their profits and design tax scams paid their fair share, we might not have a budget crisis.
Though GOP congressional leaders talk austerity and imply that the only solution to budget deficits are spending cuts, a strong majority of people in the U.S. want to put raising taxes on the table.
Republican leaders in Congress have a one-point program for whatever ails the nation: cut taxes for millionaires and large corporations.
Some politicians would rather cut services for children and the mentally ill before they dare to propose tax hikes on millionaires and tax-dodging corporations. But that doesn’t mean we’re broke. It just means we need to get our priorities straight.
The next time you read a story about some politician bemoaning that “there’s no money” and “we have to make cuts,” just point to artful tax dodgers in our midst.
How can a civilized nation afford to hand the heirs of the super-rich billions of dollars tax-free and not afford to keep teachers in classrooms?
It nests with corporations, squawking for tax breaks, bailouts and military contracts that have little to do with national security.
Realigning the interests of CEOs with their employees and the rest of our country would be good for the economy and national morale.