For the past four decades, this country has slogged under a system promoting the discredited theory that if we give more tax breaks to rich people, they will generously dole out more to the rest of us, and the country will be more prosperous.
It may not sound that catchy to say, “Let’s make American Ok.” In reality, though, it’s an incredibly ambitious and humane goal, and it’s absolutely visionary.
Leon Cooperman, an investor and hedge fund manager worth roughly $3.2 billion, has criticized Senator Elizabeth Warren (D-Mass.) for her proposed wealth tax, calling the idea “foolish.” “The idea has no merit. It’s foolish. It probably is not legal,” he said in an interview with CNBC’s “Squawk Box.” “If the wealth tax passes, go out…
In a recent interview with CNN, billionaire Leon Cooperman choked up, visibly upset as he talked about the future he envisioned for his vast fortune and the havoc he imagines a wealth tax, like those proposed by Elizabeth Warren and Bernie Sanders, would wreak on his plans. He characterizes her proposal as “socially and morally…
Elizabeth Warren’s wealth tax proposal has certainly sparked debates not just about basic questions of fairness, of morality, but also about the economic effectiveness and very meaning of taxation. The debate raises the question of what it means to invest in America. Beto O’Rourke, in the last debate, jumped on the Warren-bashing bandwagon, accusing Warren’s…
The wealth taxes Democratic presidential candidates Elizabeth Warren and Bernie Sanders have proposed continue to provoke the malice of Wall Street, corporate democrats, and now even other Democratic candidates running for president. As I have written in PoliticusUsa.com (here and here), the intensity of the energy devoted to this criticism, combined with the lack of…
Imagine picking up a newspaper, or scrolling through your favorite internet news source, and coming across articles with headlines such as “How to Burglarize Your Neighbor’s Home,” “How to Undermine Public Education for America’s Children,” or “How to Destroy Sidewalks and Streets and Sabotage Other Infrastructure.” I like to think you’d find that news source…
Nobel Prize-winning economist Paul Krugman made the case this morning that Americans are very open to raising taxes on the rich despite protestations from billionaires — and many Republicans — to the contrary. And his conclusions seem to be supported by numerous public opinion surveys conducted over the past two weeks. The New York Times…