Robert Reich: The more irresponsible his bomb-throwing, the more attractive Gringrich becomes to a sizable portion of Americans so fed up they feel like throwing bombs.
Herman Cain No More
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Steve Hochstadt: Palin and Cain are not foolish. They recognized that the elemental ideas of the Tea Party supporters could be exploited by slick slogans and political gimmicks.
Flat Tax a Flat-Out Fraud
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Robert Reich: All flat-tax proposals benefit the rich more than the poor for one simple reason: Today’s tax code is still at least moderately progressive. The rich usually pay a higher percent of their incomes in income taxes than do the poor. A flat tax would eliminate that slight progressivity.
The Flat-Tax Fraud, and the Necessity of a Truly Progressive Tax
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Robert Reich: Simple fairness requires three things: More tax brackets at the top, higher rates in each bracket, and the treatment of all sources of income (capital gains included) exactly the same.
The Need for a Progressive Alternative
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Robert Reich: Without bold alternatives, Americans desperate for big solutions are attracted to bold crackpot ideas like Herman Cain’s “9-9-9” proposal, which would raise taxes on the poor and cut them for the rich.
The Rise of the Regressive Right and the Reawakening of America
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Robert Reich: Eric Cantor, Paul Ryan, Rick Perry, Michele Bachmann and the other tribunes of today’s Republican right aren’t really conservatives. Their goal isn’t to conservative what we have. It’s to take us backwards.
The Seven Biggest Economic Lies
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Robert Reich: Here’s a short effort to rebut the seven biggest whoppers now being told by those who want to take America backwards.
California Legislature Passes Bill to Study State-Owned Bank
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Ellen Brown: California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage, by providing the credit needed to realize its potential.
Don’t-Raise-Taxes-on-the-Rich Crowd Getting Desperate
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Robert Reich: In truth, the most important variable explaining the rise and fall of tax revenues as percent of GDP has been the business cycle, not the effective tax rate.
A Crock Pot Tax-Exempt Idea
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Walter Brasch: “There are four million words in the IRS Code,” said Marshbaum. “Lower-class and middle-class Americans get a few thousand of those words. The rest of the code is a roadmap to help the wealthy and their corporations avoid paying taxes.”
Answering The Anti-Tax Whiners
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Mark Dempsey: After having reduced taxes without reducing spending, the Republicans can now get Jerry Brown and the California Democrats to do the politically unpopular work of terminating programs that would otherwise be too popular to touch. It’s clever, but hardly non-partisan.
Is No New Taxes What Voters Really Want?
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Steve Hochstadt: The voters spoke in November: They picked Quinn and a tax increase over Brady and no new taxes. One reason is that Brady could not identify for voters where he would cut much spending. The opponents of taxes did not propose any reasonable alternative to raising taxes to solve Illinois’ debt crisis.
Why the Tax Deal Confirms the Republican Worldview
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Robert Reich: As income and wealth have risen to the top, so has political power. Money is being used to bribe politicians and fill the airwaves with misleading ads that block all of this.
The Perfect Storm
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Robert Reich: The perfect storm: An unprecedented concentration of income and wealth at the top; a record amount of secret money flooding our democracy; and a public becoming increasingly angry and cynical about a government that’s raising its taxes, reducing its services, and unable to get it back to work.
The Politics of Taxes
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Tracy Emblem: Bush Tax cuts have conferred the most benefits, by far, on the highest-income households – those least in need of additional resources – at a time when income already is exceptionally concentrated at the top of the income spectrum.
The Real Lesson of Labor Day
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Robert Reich: Face it: The national economy isn’t escaping the gravitational pull of the Great Recession. None of the standard booster rockets are working.
Reagan v. F.D.R.
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Adam Eran: Acting together solved problems in FDR’s philosophy. Such action was the problem, in Reagan’s. Now we have experienced roughly 40 years of each. Which one produces better results?
Tax Jujitsu: Why Democrats Should Propose a “People’s Tax Cut”
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Robert Reich: Democrats should propose eliminating payroll taxes on the first $20,000 of income, and making up the revenue loss by applying payroll taxes to incomes above $250,000.
An Example of Hearst “Yellow Journalism:” SF Chronicle, LA Times Spread Phony Tax Hysteria
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In a shocking display of yellow journalism that would make William Randolph Hearst blush, the San Francisco Chronicle and Los Angeles Times both slapped on their front pages last Thursday a complete non-story in California tax law.
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