Tax laws allow owners to claim that their teams lose value, lowering their tax bills. The government misses out on billions in revenue.
In left history, the two poles of “reform” and “revolution” are often counterpoised, and for good reason. In the book under review, the author tries to square the circle. The reviewer critically but comradely weighs the author’s successes.
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.
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