by Archived Author | Feb 14, 2019 | Articles, Business News, Economic Affairs News, Politics, Social Issues, Taxes
Americans want higher taxes for the rich, but is it a good idea? Democratic socialist Rep. Alexandria Ocasio-Cortez (D-NY) wants to increase the tax rate for the wealthy to 70% for every dollar earned above $10 million. In a different world, that would have been...
by Andrew Moran | Feb 2, 2019 | Articles, Opinion, Politics
We obsess over the rich way too much. America’s millionaires and billionaires, from the ones who became successful by satisfying consumer demand to those who inherited their fortunes, have targets on their backs, especially in a society where envy is considered a...
by Andrew Moran | Jan 8, 2019 | Articles, Business News, Economic Affairs News, Politics, Taxes
To justify its proposals of sky-high tax rates on the wealthy, the left typically alludes to the 1950s and 1960s for inspiration. Because the federal government maintained marginal tax rates as high as 91% by the time President John F. Kennedy finished his second year...