By Mark | September 25, 2017
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 1964, A World Without Love, Bodak Yellow, Cardi B, Civil Rights Act, Kimmel test, leeches, number one songs, Paul Ryan, Peter and Gordon, tax reform, tax the rich, taxes, Taylor Swift, The Bangles, the concentration of wealth, Trumpcare, wealth inequality |
By Mark | August 15, 2011
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 Americans for Tax Reform, budget deficit, class warfare, Club for Growth, Congress, Dave Camp, deficit reduction, Deficit Reduction Super Committee, Fred Upton, Grover Norquist, James Clyburn, Jeb Hensarling, Joint Select Committee on Deficit Reduction, Jon Kyl, Midland, Pat Toomey, Saginaw, shared sacrifice, tax the rich, taxes, Taxpayer Protection Pledge, threats to the middle class, Tony Cox, Traverse City, Warren Buffett |
By Mark | October 19, 2010
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 Austan Goolsbee, banking, Bruce Bartlett, Council of Economic Advisers, FOX News, Joint Committee on Taxation, middle class tax cuts, Obama is a Socialist, reality deficient, Recovery Act, social security, stimulus, subprime mortgage crisis, tax policy, Tax Policy Center, taxes, tea party, unemployment, Wall Street deregulation |
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, estate tax, marginal tax rate, Plutocracy, progressive taxation, tax the rich, the concentration of wealth, wealth inequality |
By Mark | February 17, 2010
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 […]
