Economy and Business
Under-Taxing the Rich Is Uncivilized
Please don't fret about paying taxes. They're your most productive investment. As Supreme Court Justice Oliver Wendell Holmes, Jr. noted more than a century ago, "Taxes are what we pay for civilized society." Tax cuts may bring some temporary relief for the yachting...
Taxing Economics
Don’t Cheat Your Grandma
Despite the fact that Social Security isn't contributing a penny to the federal budget deficit, fiscal hawks have convinced President Barack Obama that we must slash its benefits to save the country. He's joined the sky-is-falling crew in a crazed search for targeted...
When Workers Foot the Bill for Bailouts
Peter Drucker, the analyst who founded modern management science, died in 2005 at age 95. When he died, business leaders worldwide hailed this Austrian-born American for his enormous contribution to enterprise efficiency and effectiveness. But Peter Drucker also cared...
Invisible Hand University
This Week in OtherWords: March 20, 2013
This week in OtherWords, John Cavanagh highlights Maryland's new approach to measuring well-being and Jim Hightower explains what's wrong with Paul Ryan's latest budget proposal. Here's a clickable summary of our latest commentaries and a link to our new cartoon. If...
Inequality Is Hurting Us All
Inequality hurts us all. Imagine if you could go back 45 years to 1968. That year, after three decades of creative policy from President Franklin D. Roosevelt's New Deal through President Lyndon B. Johnson's Great Society, the United States was one of the world's most...
A Tale of Two Budgets
It was the worst of times, it was the worst of times. In a single week, the House and Senate Budget Committee chairs unveiled their budgets for the 2014 fiscal year. According to Democrats, Rep. Paul Ryan's (R-WI) budget was an unmitigated disaster that would destroy...
Are We Resigned to Living Vastly Unequal Lives?
Billionaire Warren Buffett is still paying taxes at a lower rate than his secretary. Starbucks CEO Howard Schultz pocketed $117.5 million last year. The life expectancy gap between Americans of affluent and modest means has widened by five years over the last three...
The Plan to Turn Medicare into ‘WeDon’tCare’
Apparently, Rep. Paul Ryan missed the outcome of last November's presidential election. Oh, wait — wasn't he on the ballot in that election as Mitt Romney's running mate? Well, yes, but less than five months later, the Wisconsin Republican seems to have forgotten that...
