Category Archives: economics

When capitalism goes haywire

As a kid, I used to pore over baseball statistics. These days, I’m increasingly finding myself obsessing over statistics about income inequality instead. I try to keep in mind that economics, at best, is a shaky science. And, as a … Continue reading

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So who is waging class warfare again?

A new nonpartisan report suggests that many millionaires are paying taxes at a lower rate than the middle class, supporting the assertion of billionaire Warren Buffett in a New York Times opinion piece that he pays taxes at a lower … Continue reading

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‘Occupy’s’ crystal clear message: Quit ripping us off

In just the last week, the Occupy Wall Street movement, shortened in some places to simply “Occupy,” has swept across this country, staging protests in 45 states. Writes London’s Guardian newspaper, “From Seattle and Los Angeles on the west coast to … Continue reading

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Here we go again: GOP replays its ‘class warfare’ card

Stay true to the message, even if it in no way resembles reality. That’s been the Republican strategy since Karl Rove became what some called “Bush’s brain” more than a decade ago, and the party has played it with considerable … Continue reading

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A billionaire comes clean on unjust tax breaks for the rich

Thank you, Warren Buffett. There’s no better way to understand the injustice of the American tax system than to read the story of one of the richest men in the world. Today, in a New York Times opinion piece titled … Continue reading

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Class warfare? The wealthiest wage it relentlessly

Extreme income inequality causes a cultural separation that is unhealthy on its face and corrosive over time…. It is hard to imagine an adequate answer to the problems we face that doesn’t involve greater redistribution of wealth. “Can the Middle … Continue reading

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Will we balance the budget on the backs of the poor?

How quickly we forget. Just a tad over two months ago, the lame-duck Congress passed a tax-cut “compromise” that extended Bush-era tax cuts to the wealthiest 2 percent of Americans and protected a larger chunk of the wealth left by … Continue reading

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