Citi analysts spent two years obsessing over luxury consumption by the rich. Last week, the ultimate symbol of that consumption — the fine art bubble — finally popped.
Tax-cutters inspired by Jack Kemp have always argued that high tax rates give the rich an incentive to cheat on their taxes. The reality: So do low tax rates.
The global meltdown may be shoving high taxes on the rich back onto the political radar screen. The latest sign: a riveting debate in the world's most prestigious business magazine.
The debate over the Obama proposal to limit the tax deductions the rich can take on charitable donations has so far revolved around questions over whether the wealthy would give less if they couldn’t deduct as much. The more basic question: Just how much are the rich now really giving?
Hedge fund manager earnings, says the industry's top scorekeeper, drifted down toward terra firma in 2008. But they remain, despite the global financial collapse, at absolutely stratospheric levels.
If Americans ever really digested the sort of statistics that appear regularly in the IRS research quarterly, the resulting storm of protest might make the rage over AIG seem about as fearsome as a tantrum from a toddler.
America's most financially fortunate, the cagier critics of President Obama are claiming, can sidestep any hike in the tax rate on high incomes. But history tells a different story.
Huge rewards for 'talented' people are supposed to leave all our lives much better than before. But they don't — not in sports or any of the rest of life either.
Everything you really need to know about life, a fun best-seller posited a few years back, you learn in kindergarten. Like share everything and don't take things that aren't yours. more »
Our new White House has begun a counterattack against America's grand divide between the rich and everyone else. But we face, new stats from the IRS make dramatically plain, a steeply uphill battle.
We all know about the greed and grasping at Wall Street's failed giants. But the greed at 'successful' companies elsewhere in America is getting a free pass.
Delicious
Digg
StumbleUpon
Propeller
Reddit
Magnoliacom
Newsvine
Furl
Facebook
Google
Yahoo
Technorati
