Downwardly Mobile Nation

Downwardly Mobile Nation

Work my butt off Plain to see, Bootstraps are No help to me. Bridgeport — Connecticut’s largest city — is also my affluent state’s capital of poverty. Even though it’s part of the nation’s richest region, the rapidly rising number of children...
A More Down-to-Earth CEO Pay Plan

A More Down-to-Earth CEO Pay Plan

When do societies start taking a new idea seriously? Easy. New ideas gain traction when starkly different sorts of people champion them. This process is beginning to unfold with the notion of a “maximum wage,” the idea that we should limit the income of...
The Ever-So-Brief Success of the Income Tax

The Ever-So-Brief Success of the Income Tax

The modern federal income tax turns 100 this year, and historians are already holding special events to commemorate the anniversary. But if we really want to understand just what the federal income tax has accomplished — and failed to accomplish — over the last 100...
Hogging the Global Pie

Hogging the Global Pie

Apologists for inequality have a standard retort to anyone who calls for a more equal distribution of the world’s treasure. If you took all the wealth of the wealthy and divvied it up equally among all the poor, they claim, no one would gain enough to accomplish...