Lawmakers make laws. They don’t enforce them. Corporate America understands that difference — and exploits it with a relentless regularity. The latest case in point: the battle over outrageous CEO pay.
Any resemblance between democracy and U.S. Presidential politics has become, in our new super PAC era, purely coincidental. The only mystery: Why aren’t billionaires placing even bigger bets?
President Obama has proposed a specific new minimum tax rate for millionaires. Should America’s rich feel angry...
Changes in state tax laws now encourage America’s awesomely affluent to create “perpetual” trusts for their heirs. The combination of these new laws and new technology, legal scholars are warning, now allows the “dead hand” of the past to rule over the living. In essence, immortality for the rich.
The rich don’t much like paying taxes when tax rates run high. They don’t much like paying taxes when tax rates run low either.