Either Trump or Cruz's tax plan would be the biggest redistribution of wealth - upward - in the history of the United States.
Hillary Clinton's tax plan would result in modest decreases in after-tax income that would figure to irritate America’s most financially fortunate. But that irritation would likely turn to outright outrage if the Bernie Sanders proposals ever went into effect.
The ideology and practice of neoliberalism, resulting in rising inequality and the imposition of austerity policies, brings us to the national debate about whether it is appropriate for public funds to underwrite the costs of public higher education or whether higher education is essentially to be seen as a private good and an individual (or familial) responsibility.
The man who wants to transform public education by bringing market discipline to schools has no problem gorging at the public trough to beef up his namesake museum.
The Federal Reserve's newest bank president, a Republican who served as a top Treasury Department official during the financial crisis, called for policy makers to consider breaking up big banks to prevent future government bailouts. His proposals also include: Turning large banks into public utilities; and taxing leverage throughout the financial system. Seven years after the crisis, it is now time to move forward and end TBTF.
All the news that's fit...well, it seems the NYT news story has been tailored to fit the editorial views of the paper. There are undoubtedly many left of center economists who have serious objections to the proposals Sanders has put forward, there are also many who have publicly indicated support for them. He has not given a fully worked out proposal for many of his ideas, nor is it reasonable to expect a fully worked out proposal from a candidate for the presidency.
"The proletariat of each country must, of course, first settle matters with its own bourgeoisie," Marx wrote, but the corporate class formatively battles internationally, including locating fake corporate headquarters to low-tax nations, in effect bleeding their home sovereign nations of tax dollars, starving state services and aiding in turning both governing and opposition parties into austerity regimes. This book and film chart the practice and ways to combat it.
Tax havens cost the world’s governments hundreds of billions of dollars a year, promote corruption, and undermine the rule of law. They are part of a larger worrisome pattern in which the world’s corporations outrun the governing capacity of states.
In a speech challenging both national and global inequality, with a particular focus on France and South Africa, economist Thomas Piketty concluded with calls for taxes on wealth, and a public global registry of financial assets to make that possible. The speech evoked a frenzy of comment - from praise to denunciations of Piketty's analysis as Marxist or alternately, unrealistic, to those who criticized him for having a flawed analysis that disregarded Marxist insights.
After weeks of worrying traditional anti-tax Republicans with talk of a crackdown on the rich, experts across the political spectrum say Trump’s plan looks like a windfall for the wealthiest of the wealthy and for big corporations.
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