Tag Archives: wealth

Wealth tax: How else correct the plunge to oligarchy?

A recent New York Times story on Senator Warren’s proposed tax on the very wealthy notes that polls show it to be a popular idea among those it is intended to benefit. But some economists worry that a 2% tax on family wealth over $50 million(or 3% over $100 million) will remove incentives for growth. […]

Crazy poor Americans

Can we talk about “Crazy Rich Asians”? We crazy, poor Americans are turning out in crazy numbers to see this movie, whose exotic opulence transcends its cliched romantic comedy plot. The movie seems fresh, not just in its all-Asian cast, but in widening our continent-locked, monolinguistic diversity horizon. The plot takes us to Singapore, where […]

Will capitalism survive “The Big Short”?

Is everyone seeing “The Big Short,” now playing in local theaters? Everyone should be. We should all be thinking and talking about it. It’s a high energy tragi-comedy about about the hit-and-run of the 2008 housing collapse—and about the sort of work that tends to produce that sort of disaster. There are some movies which, […]