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Showing posts from November, 2019

U.S. Anti-Tax Sentiment Linked To History Of Slavery

Apparently this article keeps getting blocked or taken down. So posting it here as a back up.  The notion America’s wealthiest individuals do not pay enough taxes has widespread political support, and several Democratic politicians and presidential candidates have strong proposals for various forms of wealth taxes. Yet taxing wealth has proved elusive in this country. Witness the latest effort at tax 'reform' from Donald Trump and the Republican Party, which moved radically in the opposite direction. The new law cut individual taxes for the rich and slashed corporate taxes,  further boosting inequality  that is already at levels not seen since the Great Depression. A new book entitled  “The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay,”  by economists Emmanuel Saez and Gabriel Zucman, helps trace the roots of the apparent tax-phobia that pervades the American political class. The Berkeley economists maintain that the reluctance to tax wealt