Americans realize they’ve lost power and income to the very rich. Too many Democrats, even too many unions, have yet to go to war for them.
inequality
Posted inEconomic Policy
Trump and Bernie Agree: Let’s Own AI!
One’s a narcissist, the other’s a socialist, but there’s room for all in this improbable coming together.
Posted inEconomic Policy
How Inequality Killed the Affordable American Car
Given the upward redistribution of wealth and income, it now pays a company to sell just to the rich.
Posted inEconomic Policy
Notes for Next Time
My generation got a very good economic deal. We need to restore opportunities to our children and grandchildren, or there will be more recruits to MAGA.
Posted inEconomic Policy
A K-Shaped Economy Requires K-Shaped Taxes
Wealth tax skeptics either fail to notice the massive upward redistribution of wealth, income, and political power, benefit from it, or fear challenging it.
Posted inEconomic Policy
Billionaire Wealth Has Doubled So Far This Decade
An estimate of a new wealth tax proposal shows that it would generate twice as much revenue as it did when it was first introduced in 2021.
Posted inEconomic Policy
More States Are Taxing the Ultra-Rich—Washington Is the Latest
As inequality grows, states are stepping up where the federal government hasn’t. ‘It’s a movement,’ says Patriotic Millionaires’ Chuck Collins.
Posted inEconomic Policy
Democratic Presidential Contenders Have a New Idea: Tax Cuts
Chris Van Hollen and Cory Booker argue that middle-class households are paying too much in federal income taxes.
Posted inTAP
Democrats Get Serious About Taxing the Rich
Having finally realized that the rich are orders of magnitude richer than they used to be.
Posted inTAP
Trump Notwithstanding, America’s Unions Actually Grew Last Year
Only a pro-employer labor law is keeping millions of American workers from the benefits of unionizing.
