Students of modest means must pay a stiff price to build their capacity to contribute to society — and pay interest if they can’t afford that price. A one-time wealth tax could apply this same principle to America’s rich.
One luxury automaker is betting big that America’s affluent feel no responsibility to the greater society crumbling all around them. And lots of pols are making the same wager.
Pundits and politicians love to righteously denounce the windfall rewards that go to corporate CEOs who ‘fail.’ But windfalls for CEOs who ‘perform,’ researchers suggest, ought to worry us far more.
How swell a year have America’s 400 richest enjoyed over the past 12 months? This good: Google billionaires Sergey Brin and Larry Page each saw their personal fortunes jump by $1.7 billion over the year — and each has slipped five slots in the just-published latest edition of the Forbes 400.
Can democracy, one top political scientist asked last week, ‘function effectively in a society marked by vast economic inequality’? The fate of the modest new White House bid to tax our rich may tell the tale.