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.
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.
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.
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.
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.
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.
Robert Reich: Here’s a short effort to rebut the seven biggest whoppers now being told by those who want to take America backwards.
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.
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.
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.”
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.