| Apr 9, 2014 | Economy / BusinessWhat 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...
| | Economy / BusinessIf our leaders want to balance the budget, here’s a suggestion: Congress can scrap a new “Paris Hilton” giveaway that’s draining billions of federal tax dollars. This giveaway takes the form of a complex tax loophole designed to circumvent the...
| Apr 2, 2014 | Economy / BusinessCongress will soon vote on a measure that would raise the national minimum wage to $10.10 and bring the tipped wage to 70 percent of the full minimum. The Fair Minimum Wage Act would give millions of American workers a long-overdue raise. Today’s $7.25-per-hour...
| Mar 26, 2014 | Economy / BusinessLet us pause now to pay our respects to Bunny Mellon. She died in mid-March on her Virginia horse-country estate. But no tears, please. Bunny — nobody called her by her given name Rachel — lived a long and rich life. Very long. Very rich. One hundred and three at her...
| Mar 19, 2014 | Economy / BusinessNew York has a new mayor who wants to remake his deeply unequal city into much more than a playground for the super-rich. The experts who track global wealth trends think he’ll fail. A recent report from Knight Frank, a global consultancy firm, is predicting...
