Portside

Congress hiked the nation’s top-bracket tax rate to around 90% for two decades to see the emergence in the United States of the world’s first mass middle class.

We need to greatly expand the role of fiscal policy relative to monetary policy and address inflation while also promoting low unemployment, needed new investments, decent wages and a much fairer distribution of income and wealth.

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.

We are tempted into believing that a system can be defended that allows a man to accumulate more than $100 billion. It can’t.

The crisis of 2020 has created the greatest wealth gap in history. The middle class, capitalism and democracy are all under threat. What went wrong and what can be done?

"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."

The increase in US billionaire wealth has surpassed $1.1 trillion since mid-March, 2020, more than enough to pay for all the relief for working families contained in the $1.9 trillion coronavirus relief package proposed by President Biden.

Some problems can only be solved when public officials have the resources to act. Today’s public health crisis is that kind of problem. The current disaster threatens our health and our economy.

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"It's simple. The majority of Americans believe that we should tax the rich."