I’m not much of a sports fan, but the recent news coverage on George Steinbrenner’s death sent me to the internet looking for the backstory on how he came to be the principal owner of the New York Yankees baseball franchise. (I was curious as to whether or not the team was inherited. It wasn’t. […]
Tag Archives: American aristocracy
Plutocracy in America
The Nation just ran a good piece on American Plutocracy. Plutocracy, for those of you who don’t know, is a political system in which those with wealth rule. Under such a system, opportunities for social mobility are limited, and there’s an enormous disparity between those with money (and power) and those without it. Of particular […]
Posted in Economics, Politics, Rants Also tagged effective tax rate, estate tax, marginal tax rate, Plutocracy, progressive taxation, tax rates, tax the rich, the concentration of wealth, wealth inequality 42 Comments