Progressives in the U.S. Senate have introduced a potent package of estate tax reforms that would, if enacted, start seriously trimming America's most super-sized hoards of private wealth.
Our economy would become the world’s most innovative, our elites have assured us over the past 30 years, if we gave our rich enough incentives to innovate. We kept to our end of the bargain. So where’s the innovation?
An emergency 1 percent 'wealth tax' on the nation's richest 1 percent could raise enough revenue to keep all our teachers on the job and libraries open. But our dysfunctional political system can't even raise that possibility.
With millions of Americans out of work and hurting, lawmakers who claim they worry about budget deficits spent last week forcing 'compromises' that will save hedge fund kingpins billions in taxes.
Friends of the financially fortunate are trying to turn reality upside-down — and save our undertaxed rich mega billions in the process. But two new sets of data can help us set the record straight.
In 2010 America, schools, students, and teachers share the pain. The heirs to our mega rich, meanwhile, don't have to share anything. For the first time in nearly a century, we have no federal estate tax.
What happens to societies that don’t share the wealth? They spend — and waste — a fortune guarding it. The latest over-the-top example: Oracle has spent $4.6 million on a“residential security” for billionaire CEO Larry Ellison.
Some Americans get all bent out of shape when they hear someone label the United States a 'plutocracy.' But if we have an honest-to-goodness democracy, where the people really rule, then how can we explain Goldman Sachs?
The lackluster financial reform bill now nearing a floor vote in the U.S. Senate includes a surprising provision that could help reframe and revitalize the struggle against outrageously excessive CEO pay.
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