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From a Sloppy Spreadsheet, an Eternal Truth

If we let wealth continue to concentrate — and corrupt every element of our contemporary societies — we'll all end up crying ‘96 tears.’ Aging baby boomers may remember, from way back in 1966, a one-hit-wonder rock band that sported an all-time great of a name. That...

The Only CEO Pay Number that Really Matters

How much did America's top execs make last year? The scorekeepers don't all agree. But that won't matter if we keep our eyes on the most important figure of all: the pay gap between CEOs and workers. The new numbers on executive pay have been coming fast and furious...

Not the Picture Picasso Would Have Painted

A colossal gift from a fabulously rich patron of the arts has the museum world buzzing. But hold the hosannahs. The rich aren't saving our culture. Thomas Campbell didn't have a good week last week. He had a great week. Campbell directs the Metropolitan Museum of Art...

Not the Picture Picasso Would Have Painted

A colossal gift from a fabulously rich patron of the arts has the museum world buzzing. But hold the hosannahs. The rich aren't saving our culture. Thomas Campbell didn't have a good week last week. He had a great week. Campbell directs the Metropolitan Museum of Art...

At Tax Time, Our Emperors Have No Clothes

Today's conventional wisdom in Congress on taxing the rich — that tax rates on income at our economic summit have gone as high as they can sensibly go — has no real evidence to support it. This past January, Congress raised the federal tax rate on joint return income...

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