While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a… Read More »
The abstract of a paper of the same title: For the past decade, the U.S. economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading example of industrial capitalism, its economy is no longer based mainly on investing in capital goods… Read More »
Image via Wikipedia From the BBC: A group of rich Germans has launched a petition calling for the government to make wealthy people pay higher taxes. The group say they have more money than they need, and the extra revenue could fund economic and social programmes to aid Germany’s economic recovery. Germany could raise 100bn… Read More »
A documentary on the way mining companies are taxed in Zambia makes me wonder about the details of the deal between Nigeria and the oil companies.