Economists are grappling with how much to blame bias or a changing economy for the widening wage gap over the last 40 years.
Sha’Carri Richardson Wins Gold & Carl Nassib Becomes First Openly Gay NFL Player. The Music’s Back in This Region. A Crime On The Bayou. Buy, Borrow, Die: How America's Ultrawealthy Stay That Way. How Quantum Mechanics Helps Birds Find Their Way.
Instead of debating tweaks at the edges of our tax system, what we should be doing is stretching ourselves to imagine a world where billionaires are impossible.
Some of the wealthiest Americans use a strategy called Buy, Borrow, Die to dramatically reduce their tax bills while their fortunes continue to grow.
Rich Americans pay only about 2 percent on inherited fortunes, “less than one-seventh the average tax rate on income from work and savings.”
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“Hope…is not the same as joy that things are going well…or…headed for early success, but rather an ability to work for something because it is good...”
With plagues, political dysfunction and near-Dickensian economic differences rampant, a Mother Jones editor charts the lives of the super rich, showing the fascinating, otherworldly realm they inhabit—and the insidious ways this realm harms us all.
On Tax Day, there’s more than one elephant in the room, and they’re all in mansions.
"We don't just need a wealth tax, we also need to give the IRS the tools it needs to make sure the ultra-rich finally pay their fair share."
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