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Op-Ed Columnist - Forgive and Forget? - NYTimes.com - 0 views

www.nytimes.com/...16krugman.html human rights justice abuse of power
shared by The Ravine / Joseph Dunphy on 28 Mar 09 - Cached
  • The Ravine / Joseph Dunphy on 28 Mar 09
     
    Paul Krugman says something about Obama's statement that there would be no widespread investigation of Bush administration abuses that should be common sense, but sadly isn't, and so badly needs to be said. Found on Furl.
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Bernie Sanders Flirted With 100% Marginal Tax on the Rich, Maximum Wage - Bloomberg Pol... - 0 views

www.bloomberg.com/...l-tax-on-the-rich-maximum-wage
shared by Bakari Chavanu on 30 Nov 15 - No Cached
  • “No. That's not 90 percent of your income, you know? That's the marginal.”
    • Bakari Chavanu
      Bakari Chavanu on 30 Nov 15
       
      Marginal tax is simply the amount of tax paid on an additional dollar of income. As income rises, so does the tax rate. This is different than a flat tax rate where you pay the same rate of tax no matter what your income level is.
  • Sanders is described as wanting to “make it illegal to amass more wealth than a human family could use in a lifetime.” He would do that, the article said, with “a 100 percent tax on incomes above this level ($ one million per year)” and “would recycle this money for the public need.”
  • he still had the issue on his mind while serving in the House in 1992, entering into the Congressional Record a Los Angeles Times op-ed written by Sam Pizzigati, the author of The Maximum Wage. In that piece, Pizzigati details President Franklin Delano Roosevelt’s proposal for a “100% war supertax,”
  • ...2 more annotations...
  • Pizzigati noted that there’s been momentum in recent years to cap executive salaries and bonuses but that “Sanders saw the importance of thinking about that much earlier than everybody else.”
  • Benjamin Spock, who advocated capping incomes and inheritances. Spock believed that “not only should every family of four receive a minimum income of $6,500 annually but the wealthy should be entitled to a maximum income of $50,000 and a minimum annual inheritance of $55,000,” according to a Burlington Free Press article from September of that year.
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