Category Archives: taxes

What Happens When Corporations are Taxed at 90% – Like Before the Reagan Revolution?

By Thom Hartmann/ HartmannReport.com/ June 5, 2023 Last week on Hartmann Report I proposed we raise the top personal income tax bracket — paid only by people making over (for example) around $50 million a year, and only on the money above … Continue reading

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BASIC ECONOMIC THEORY

A different Way to Look at Government Spending, Deficits, and Society’s Needs Hint: households can’t print money, but our government can.

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Choosing Death Over Life

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The Oppression of the Supermajority

By Tim Wu/ New York Times/ March 5, 2019 We are told that America is divided and polarized as never before. Yet when it comes to many important areas of policy, that simply isn’t true. About 75 percent of Americans … Continue reading

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How the Rich Get Richer

Seeing Trump tax returns is just first step By Charlotte Rampell/ Washington Post/ October 8, 2018   Everyone is shocked, shocked to learn that President Trump amassed his fortune not by the sweat of his brow, but rather the old-fashioned … Continue reading

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Sorry, Kids

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The Triumph of the Oligarchy

By Robert Reich/ robertreich.org/ December 17, 2017 By passing the tax plan, Republican donors will save billions — paying a lower top tax rate, doubling the amount their heirs can receive tax-free, and treating themselves as “pass-through” businesses able to … Continue reading

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Having No Shame

Republicans Are Looting the Treasury While They Still Can They know a backlash is coming, and they’re making the most of their power while they have it. By Joshua Holland/ The Nation/ December 2, 2017 The tax bill Senate Republicans … Continue reading

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Sound Familiar?

Letter to the Editor, Monterey Herald, December 3, 2017 American politics explained: (1) When in power, Republicans push through huge tax cuts and more money for the military, resulting in (2) a mushrooming deficit and an anemic economy, resulting in … Continue reading

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History Lesson: Tax the Rich

Posted in Economics, economy, government, politics, taxes | 27 Comments