Don’t Blame the Boomers

I was inspired by this piece in the Boston Globe, about how baby boomers have ruined everything, to go into the Survey of Consumer Finances and see just how well the boomers are actually doing, at least as far as wealth goes. The answer, as with all things, is it depends on what class of […]

More Republican Handouts to the Rich

We all know how hard it is to be rich. After all, it takes a lot of money to keep up multiple homes, pay for first class air travel, expensive cars and the like. For this reason, most people would naturally support a Republican plan to make workers pay higher fees on their retirement accounts […]

It’s time to take America’s billionaire class head on

The Giveaway Over the next 6-12 months Congress will almost certainly give the richest 1 percent of the population an income tax gift totaling some $75-150 billion. The 1 percent, with annual incomes averaging $1.3 million, will capture 47 percent of the tax cuts for an average annual tax saving of $214,000 each, the non-partisan […]