Robert Reich: omney admits to an income of over $20 million a year for the last several decades. Which makes his 13 percent — or even 20 percent — violate the principle of equal sacrifice that lies at the core of our notion of tax fairness.
Not Socialism, but Better, Fairer Capitalism
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Robert Reich: The answer is to reform capitalism. The world’s productivity revolution is outpacing the political will of rich societies to fairly distribute its benefits.
Why Goldman’s Greg Smith’s Critique Is Way Too Narrow
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Robert Reich: If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust.
California Budget Deficit Not a Real Problem
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Adam Eran: The bottom line here is that State spending disproportionately goes to lower-income people, while recent tax cuts have disproportionately favored the wealthiest taxpayers.
BP’s Other Gifts to America—and to the World
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Lawrence Wittner: At this point, we might well wonder if it was such a good idea to overthrow a democratic, secular nationalist like Mossadeq to preserve the profits of the Anglo-Iranian Oil Company (now renamed BP). Indeed, given the sordid record of BP and other giant oil companies, we might wonder why we tolerate them at all.
Whitman Was the Highest Bidder
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Tina Dupuy: Whitman has said that her cap on donating to her own campaign is $150 million dollars. She spent half of that on the primary. This is a governor’s race. One state. Just to put this into perspective, in 2008 John McCain spent $350 million total to run nationally for president. That’s all 50 states.
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