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 […]
Tag Archives: effective tax rate
Plutocracy in America
Posted in Economics, Politics, Rants Also tagged American aristocracy, estate tax, marginal tax rate, Plutocracy, progressive taxation, tax rates, tax the rich, the concentration of wealth, wealth inequality 42 Comments
Taxed Enough Already
Footage from the big D.C. Tea Party rally on Thursday: Untitled from elizabeth glover on Vimeo. It seems that Tea Baggers are irate over the recent tax increases that Obama has forced down the throats of the American middle class. I’d be the first to agree that their anger was justified, if only the facts […]