The Dropped Ball

The Dropped Ball

Millions of Americans watched the ball drop on New Year’s Eve. The glitzy one in Times Square symbolized joy and hope for the New Year. Just a few hundred miles to the south, Congress dropped another ball — one that no doubt sent champagne glasses clinking among...
Rich Freeloaders

Rich Freeloaders

Like too many Americans, I’m unemployed. But in my case, the reason isn’t that I can’t find work — it’s that I don’t need it. I’m among the lucky few who can live comfortably off their wealth. And this isn’t wealth I earned...
Equal Taxation for Wealth and Work

Equal Taxation for Wealth and Work

America’s No. 1 problem is sluggish job growth. No. 2 is the explosive growth in the income gap between the favored few and the broad middle class. Fairly taxing income from wealth could make progress on both fronts. First, some background. President George W....

Finally: Fairer Tax Reporting

Employers have reported the income all Americans earn from regular jobs to the Internal Revenue Service since World War II. Starting this year, U.S. taxpayers and their brokers finally have to do the same thing with the income earned from capital gains. This smart...