Tag Archives: tax rates

Paul Ryan justifies lower taxes on America’s most wealthy by reminding us that, contrary to what we might think, the Bangles are no longer culturally relevant

This week, the Republicans are supposed to be sharing the long-awaited details of their tax reform plan, which, according to those in the know, will likely be ‘a massive windfall’ for Americans most wealthy. And, in advance of the announcement, Speaker of the House Paul Ryan has apparently been given the task of convincing us […]

Posted in Economics, Politics, Uncategorized | Also tagged , , , , , , , , , , , , , , , , , | 13 Comments

Warren Buffett calls for shared sacrifice from the rich; Obama agrees, but will the Super Committee of 12

It’s not exactly breaking news, as billionaire Warren Buffett has been saying for years that the wealthy need to pay more in taxes, but it seems as though this time a few important people, including the President, are paying attention. The following clip comes from Buffett’s op-ed in today’s New York Times: Our leaders have […]

Posted in Economics, Politics | Also tagged , , , , , , , , , , , , , , , , , , , , , , , , | 15 Comments

Job growth and tax cuts under Obama, and the inability to acknowledge either

I’m curious to know if there’s anyone out there who doesn’t buy this, and, if so, why not. My sense is that some will say it’s unfair to lay the massive job losses that began in January 2007 at the feet of Bush, pointing to the fact that Congress was in the hands of the […]

Posted in Economics, Media, Other, Politics | Also tagged , , , , , , , , , , , , , , , , , , | 22 Comments

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 , , , , , , , , | 42 Comments

Raising the top marginal tax rate

When I sat down here tonight, in my tattered blogging leotard, my intention was to write something on the apparent effectiveness of Obama’s stimulus spending, and the possibility that his recently proposed budget would “shift $112 billion away from the nation’s top earners in 2012.” But, while trying to find a way to connect those […]

Posted in Economics, Politics | Also tagged , , , , , , , , | 14 Comments

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