As Congress rushes for the exits to begin their month long summer vacation, they’ve been busy passing tax cut legislation that in many categories is worthy of a Gold Medal. The Senate started last week when it passed a one-year […]
As early as next week the U.S. Senate will debate and vote on proposals to extend the Bush tax cuts. The House is expected to vote on the measures the following week. At present there appear to be four proposals […]
Great opinion piece by former Chicago Stock Exchange executive and Wealth for Common Good member, Bill Barclay: We must reduce the role of finance so that it once again supports the real economy of goods and services, rather than playing […]
This past week two very wealthy Americans took two very different stances on the issue of paying taxes. Embroiled J.P Morgan Chase CEO Jamie Dimon told NBC’s Meet the Press audience that he believed many on Wall Street shared his […]
Like too many Americans, I’m unemployed. But in my case, the reason isn’t that I can’t find work — it’s that I don’t need it. I’m among the lucky few who can live comfortably off their wealth. And this isn’t […]
Twenty-eight millionaires and their assistants went to the White House on April 10 to demonstrate their support for equalizing taxes on wealth and work. As John Cushman of the New York Times Political Blog, The Caucus, noted: Each person on […]
Despite popular fascination with the rich and famous, most working people have little understanding of the finances of the wealthy. And the rich use that unfamiliarity to their advantage as they wield their outsized influence over public policy. Take the […]
OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched. While the poor and middle class […]