By Mark | November 21, 2010
Billionaire investor Warren Buffet has long been outspoken in his belief that the rich in American need to pay their fair share in the way of taxes. While a majority of Americans would agree with Buffet, it’s not something that many of our leaders in Washington seem willing to bring up, let alone champion. As […]
Posted in Economics, Politics | Also tagged Bill Gates Sr., Bush tax cuts, Christiane Amanpour, deficit, inheritance tax, Obama, Patriotic Millionaires for Fiscal Strength, Plutocracy, tax, taxing the rich, the growing gap between rich and poor, the plight of the overtaxed rich, trickle down economics, Warren Buffet, Wealth and Our Commonwealth |
By Mark | November 18, 2010
I’ve been writing a lot about lately about the growing gap between rich and poor in American, and the systematic destruction of the middle class, and how I believe both trends to be destructive to our Democracy. I didn’t want to write about it tonight, though. I was actually planning to take the night off, […]
Posted in Economics, Politics | Also tagged Argentina, Bush tax cuts, Economic Policy Institute, Eisenhower, George Soros, Guyana, inheritance tax, middle class, Nicaragua, Nicholas Kristof, nuclear arms treaty, nuclear weapons, Plutocracy, Putin, rich get richer, Ronald Reagan, Russia, tax the rich, taxing the rich, the growing gap between rich and poor, the plight of the overtaxed rich, Venezuela, wealth inequality |
By Mark | November 14, 2010
Yesterday, in a post about the President’s Commission on Fiscal Responsibility, I mentioned that co-chairs Alan Simpson and Erskine Bowles suggested, amid a long laundry list of federal programs to be cut, the elimination of the mortgage tax deduction. While I deduct my mortgage interest when calculating my taxes each year, just like everyone else […]
Posted in Economics, Environment, Politics | Also tagged Alan Simpson, Brandon Zwagerman, Bush tax cuts, Erskine Bowles, home buying, home ownership, McMansions, mortgage interest tax deduction, Murph, National Commission on Fiscal Responsibility and Reform, social engineering, sprawl, tax incentives, tax policy, urban sprawl |
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. […]
Posted in Economics, Politics | Also tagged American aristocracy, death tax, Department of the Interior, George Steinbrenner, inheritance tax, Small Business Administration, tax, tax policy, tax the rich, the growing gap between rich and poor, the plight of the overtaxed rich |
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 American aristocracy, effective tax rate, marginal tax rate, Plutocracy, progressive taxation, tax rates, tax the rich, the concentration of wealth, wealth inequality |
