The Great Recovery Starts With Strong Progressive Taxation
Once upon a time in America, the top tax rates were very high and the gulf between the rich and poor shrank. Fiscal conservative policy that has dominated since Reagan has reversed this trend, and American society is increasingly polarized between the haves and have nots. Despite the capitulation by Obama in extending tax cuts for the rich, it is time to revisit the notion of a truly progressive income tax to usher in The Great Recovery.
Berlusconi: Rise and Fall of a Modern Day Caligula
Looking at the rare phenomenon that the Portuguese writer José Saramago recently defined The Berlusconi Thing, [1] a foreign—or even an Italian—observer could have the impression to be standing before a reality that is unique for its sadness and perversity in the context of Italian politics. Actually, leafing through the pages of its history, we […]
New Mexico OKs More Plants For Medical Marijuana Producers
The New Mexico Department of Health on Friday announced changes to its medical marijuana regulations, one of which will add to the supply of legally grown marijuana by increasing the number of plants licensed producers can grow from 95 to 150.
Wealth: When Will The 98% Tell The 2%, Enough Is Enough?
Last night, as reported by News Junkie Post’s O. Olson, Congress passed, by an overwhelming majority, a two year renewal of the Bush tax cuts. The bill is a nice extra Christmas bonus for the wealthiest 2 percent of Americans, and it will only amplify the monumental US budget deficit. The logic behind the bill […]
TARP II (Tax Assistance for Rich People) Passes
The 858 Billion dollar bill that extends all of the Bush tax cuts by ballooning the deficit has just passed the House, and will now go to Obama who will sign it.
