Economy and Business
Despite our global economic hard times, the world has more than enough wealth to ensure every adult on the planet a significant nest egg.
I am one of those lucky Americans who won the genetic lottery. That is, I was born rich. And believe it or not, my family’s business success happened because of–not in spite of–our country’s progressive tax system.
Taxes, like death, may be certain. Unlike death they can be finagled.
It turns out that Lou Dobbs has employed undocumented workers to toil on his estates and tend to his family’s numerous horses. According to a recent investigative report in The Nation, the poster boy for the anti-immigrant crowd said he was told the workers were legal immigrants. What he didn’t say, as he did in April 2006, was that “employers who hire illegal aliens should face felony charges.” Perhaps Dobbs is getting tips from Meg Whitman.
Most federal asset-building programs, the study explains, deliver their benefits through the tax code, an approach that almost guarantees that the wealthy will score, by far, the biggest benefits.
I had dinner the other night with one of those villains, a “faceless bureaucrat” working as a wildlife biologist for the Department of the Interior in northern Florida. A college friend of my wife, she had spent many years in research on endangered species, and now has moved into an administrative position where she supervises the research of other wildlife scientists.
Look out. They’re angry. Foaming-at-the-mouth angry. And they’re lashing out, saying they won’t take it anymore. As one of their leaders angrily cried, “It’s a war.” Indeed–they’re on the move to take their country back.
President Barack Obama is surely on the right track in scratching our return to the moon and in dropping the Space Shuttle program.
If the Republican Party gets any nuttier, we’re going to have to lock it in the attic when company visits.