Slavery is the usual argument for reparations. But there’s another reason.
Why do we fail in protecting our own people’s health and well-being while we squander more than a trillion dollars each year – with the assent of both Republicans and Democrats – on maintaining a failed and futile military empire across the world?
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American wealth inequality is staggering. A wealth tax, which would home in on the money people actually have, rather than just the money we earn and spend, could be a solution.
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.
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