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Abolish Billionaires

Farhad Manjoo New York Times
A radical idea is gaining adherents on the left. It’s the perfect way to blunt tech-driven inequality.

A US Tax on Wealth Is Long Overdue

Thomas Piketty The Boston Globe; Common Dreams
Between 1930 and 1980, the rate applied on the highest incomes was on average 81 percent, and the rate applied to the highest inherited estates was 74 percent. Clearly this did not destroy American capitalism.

What Panama Papers Say - and Don't Say - About Trump

Kevin G. Hall, Franco Ordoñez and Vera Bergengruen McClatchy DC
The massive leak of documents known as the Panama Papers illustrates how Donald J. Trump and others seek to profit off his very name alone. The Trump name shows up on 3,540 of the leaked documents, many shedding light on what has become a business model. Trump's name doesn't appear as an owner of offshore accounts; some of his associates and business partners are also in the files.

The Income Tax Turns 100 — Who Pays What?

Joshua Holland Moyers and Company
How is it that American corporations are paying a smaller share of federal income taxes when the rates paid by individuals dropped much further? It’s simple: ordinary American families don’t have teams of lobbyists to win them loopholes or armies of tax accountants and attorneys to exploit them.

Happy Birthday, Dear Income Tax

Sam Pizzigati, Sarah Anderson Prospect Magazine
Five lessons for progressives from our first century of income taxes.
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