Category: Opinion

Why The Buffett Rule Sets The Bar Too Low

Next Monday most Americans will be filing their income taxes for tax year 2011. This year, though, tax day has special significance. If there’s one clear policy contrast between Democrats and Republicans in the 2012 election, it’s whether America’s richest citizens should be paying more.

Voice of the People: Tom at 269

James J. Devine

The poor pay more; in greater premiums for automobile insurance, higher interest on credit, and piecemeal pricing for telephone and utility services. Even ‘cheap’ clothing and food cost more because lower quality means more frequent replacement or less nutritional value, so those who have the least to spend wind up spending a larger portion of what meager funds they have.

What Friday’s Job Numbers Mean

The economy added only 120,000 jobs in March – down from the rate of more than 200,000 in each of the preceding three months. The rate of unemployment dropped from 8.3 to 8.2 percent mainly because fewer people were searching for jobs – and that rate depends on how many people are actively looking.

The Fable Of The Century

Imagine a country in which the very richest people get all the economic gains. They eventually accumulate so much of the nation’s total income and wealth that the middle class no longer has the purchasing power to keep the economy going full speed. Most of the middle class’s wages keep falling and their major asset – their home – keeps shrinking in value.

Writer’s Block: Holy Politics! The Governor Goes To Israel

One sure sign that a politician is getting ready to run for national office is when a trip to Israel gets logged into the day planner. That kind of trip is almost a candidate requirement if a wannabe wants to be taken seriously because now a check mark can be placed in the ‘world exposure column’ on the political experience grid. No matter what he says, Governor Christie is going for the gold.

The Rotten Apple In The Tax Barrel

Apple has gone on a very public tax strike. Months after reporting the second highest quarterly profits in U.S. history, America’s favorite company is refusing to bring home more than $60 billion of offshore funds in protest of the taxes it would have to pay.