Taxing the #RichKids

Taxing the #RichKids

It doesn’t take long for viewers of #RichKids of Beverly Hills to realize the show is deliberately trying to make you feel poor. Watching heiresses in their mid-twenties drop more on a day of shopping than the average American spends buying a home makes the...
Making the World Safe for Trust Fund Babies

Making the World Safe for Trust Fund Babies

Real wages have stagnated for decades. Homeownership rates are down. College debt is weighing down young people entering the workforce. Millions of low-wage workers eke by on a minimum wage of $7.25 an hour. As the American Dream slips away for millions of people in...
Derailing the Dynasty Train

Derailing the Dynasty Train

Don’t feel bad if you were busy and missed the buzz around the new book, Capital in the Twenty-First Century. It’s not every day that a 685-page book about wealth inequality written by a French economist lands on best-seller lists next to Danielle...
WhatsApp with the Estate Tax?

WhatsApp with the Estate Tax?

What does Facebook’s recent purchase of WhatsApp have to do with the estate tax? Actually, a good bit, if you’re concerned about America’s concentration of wealth. Why? Because an economy needs effective checks and balances. A tax on inherited...
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