A lawsuit against members of the wealthy Getty family exposes the intricacies of state trust law.
Chuck Collins
Chuck Collins is author of The Wealth Hoarders: How Billionaires Pay Millions to Hide Trillions and co-edits Inequality.org at the Institute for Policy Studies.
Posted inMoney, Politics, and Power
How to Restore Taxes on Inheritances
With the estate tax further weakened, is it time to pivot to an inheritance tax?
Posted inMoney, Politics, and Power
A Lost Opportunity to Help Small Business
For Main Street small businesses, the benefits of the Tax Act are peanuts. Nearly half of all the savings go to people making over $1 million a year.
Posted inWorking in America
Private Equity: The New Neighborhood Loan Sharks
Veterans of the Contract Buyers League hit the doors again.
Posted inMoney, Politics, and Power
Hillary Clinton Channels Her Inner Teddy Roosevelt
Clinton’s announcement to expand the federal estate tax on the wealthy is a bold step towards addressing today’s skyrocketing inequality.
Posted inMoney, Politics, and Power
Bernie, Pope Francis, and the Moral Economy
A lay person’s primer on Catholic social teaching.
Posted inMoney, Politics, and Power
Must Environmentalists and Labor Activists Find Themselves at Odds With Each Other?
The need for jobs, and the ecological limits to growth
Posted inEconomic Policy
The Wealthy Kids Are All Right
In a tough economy with dwindling social supports, children of privilege have a bigger head start than ever.
Posted inSpecial Report
Back from the Dead
On April 13, the U.S. House of Representatives undertook its annual drill of voting to permanently abolish the federal estate tax, our only tax on inherited wealth. In 2003, the House passed identical legislation. Last time, Congress’ projected 10-year cost of repeal was $162 billion; now, it’s a cool $290 billion. The lopsided vote for […]
Posted inFeatures
Tax Wealth to Broaden Wealth
I recently spoke at a veterans’ club in suburban Boston about the dangers of America’s growing wealth gap and its possible solutions. I informally polled the assembled group of 150 men, all white and over the age of 60. How many had received a low-interest home mortgage from the Federal Housing Administration, the Veterans Administration […]