Bob Lord, a tax lawyer and former Congressional candidate, is an associate fellow at the Institute for Policy Studies. Bob previously served as an adjunct faculty member at the Arizona State University School of Law. Bob’s work focuses on the relationship of tax law to inequality. He contributes to both the Inequality.org website and to OtherWords, the Institute’s national syndicated editorial service. Bob also is a staff member at Blog For Arizona, the leading political blog in Arizona.
America’s 12 wealthiest now control $1 trillion of wealth. The only practical way to address this extreme wealth concentration: a tax on accumulated grand fortune.
As we emerge from this pandemic, substantial tax increases are inevitable. Central to the program should be a tax that limits the hoarding of wealth by the billionaire class.
For decades in the mid 20th century, our nation’s grandest private fortunes were becoming less pronounced. Today, we’re on track for another Gilded Age.
We need to fix the health care system that has Joe Six-Pack paying the same basic tax as Jeff Bezos.
The scary arithmetic of grand fortune is shrinking our household nest-eggs.
We’ve “grown the pie” massively since the 1980s, but it hasn’t resulted in ordinary Americans getting a bigger slice.
The tax will raise revenues. But unless a glaring loophole is closed, the corrosive effects on our democracy will continue.
The racial wealth divide gives billionaires more power over all of us. The answer? Reparations.
Machines can make jobs better, but a tiny class of bosses uses them to make jobs disappear. It doesn’t have to be this way.
The last Congress ensured that America’s wealth will concentrate ever more rapidly at the very top — unless the next one does something about it.
Women who report assault deserve to hear that we believe them, and that we can back them up — because we’ve heard the other side.
Wealth is more concentrated now than it was in John D. Rockefeller’s day.
Sometimes percentages alone don’t do justice to the injustice of corporate compensation.
This year’s historic new CEO-worker pay gap disclosures have revealed a handful of big companies with modest internal pay gaps. Should we be applauding?
A federal jobs and income guarantee could protect workers the way unions once did.
We’ve reached the point where a handful of extraordinarily wealthy clans essentially have the power to suffocate our democracy.
Under the new GOP tax law, states that pay teachers a living wage subsidize states that pay them poorly.
Corporate public relations teams extol bonuses to pump up the Republican re-election effort, but many people will end up unemployed.