Why Not Tax Heirs Directly?

Why Not Tax Heirs Directly?

With the onslaught of inequality-increasing policy directives coming out of the White House these days, it’s easy to lose sight of what good policy ideas look like. Lily Batchelder, author of this just-published Democracy Journal article, refuses to let our bleak...
Trump’s First Test on Taxes

Trump’s First Test on Taxes

Donald Trump’s voters have high hopes that he’ll boost the economy and protect jobs for those who’ve been left behind after three decades of flat or shrinking paychecks. They didn’t vote to make the super-wealthy even wealthier. Even Steve Mnuchin, the Goldman Sachs...
The Debate’s Top Five Inequality Moments

The Debate’s Top Five Inequality Moments

White House hopefuls Hillary Clinton and Donald Trump hold radically different ideas on how to create an economy that works for everyone, not just the wealthiest among us. These differences were on full display Monday night as Presidential debate moderator Lester Holt...
Hillary Clinton Channels Her Inner Teddy Roosevelt

Hillary Clinton Channels Her Inner Teddy Roosevelt

(Photo: Marc Nozell/Flickr) Hillary Clinton’s proposal to strengthen the federal estate tax is the best idea yet to reverse our national drift toward extreme wealth inequality. Clinton proposes an expansion of the federal estate tax, our nation’s only levy on the...
Long Live the Estate Tax

Long Live the Estate Tax

On August 25, the U.S marked the 100th anniversary of the National Park Service. In the words of historian Wallace Stegner, the parks are “the best idea we ever had. Absolutely American, absolutely democratic, they reflect us at our best rather than our...
The American Dream Moved to Canada

The American Dream Moved to Canada

Does your family aspire to the American Dream of a decent paying job, a few weeks of paid vacation, a home of your own, and the hope of retiring before you die? Maybe try Canada. Our country has historically prided itself on being a socially mobile society, where your...
A Commencement Address for the Most Indebted Class Ever

A Commencement Address for the Most Indebted Class Ever

Congratulations, college graduates! As you enter the next phase of life, you and your parents should be proud of your achievements. But, I’m sorry to say, they’ve come at a price: The system is trying to squeeze you harder than any previous generation. Many baby...
Estate Tax to the Rescue

Estate Tax to the Rescue

The U.S. is facing a future of staggering inequalities. If nothing changes in our tax code, the Center for Economic Policy Research now predicts, the wealthiest 1 percent of Americans will claim half of all private U.S. wealth in the next 20 years. Meanwhile, the...
Inequality Will Get Worse Until There’s a Revolution

Inequality Will Get Worse Until There’s a Revolution

Imagine, after a deep sleep, you suffered the fate of Rip Van Winkle and woke in the spring of 2040. What might you find? Among other things, maybe a presidential candidate railing against America’s concentration of wealth. Except this time, it’s not the 1 percent...
Hillary vs. Bernie vs. the 1 Percent

Hillary vs. Bernie vs. the 1 Percent

The deep pockets that make up America’s top 1 percent have been on quite a run. Their share of the nation’s wealth, as economist Gabriel Zucman details in a new Stanford Center on Poverty and Inequality analysis, has soared from 25 percent in the 1970s to 42 percent...
How Will the Candidates Tax the Rich?

How Will the Candidates Tax the Rich?

With the Iowa caucuses and New Hampshire primary right around the corner and the debates finished up, the Democratic primary appears neck and neck as Bernie Sanders and Hillary Clinton jostle for support in key early states. They have each put forward detailed tax...
Obama’s Take On Inequality

Obama’s Take On Inequality

In his farewell State of the Union address to Congress, President Obama put the struggle to reduce inequality in the United States front and center. The President presented a clear choice to the American people. They need to decide “what role the government should...