The net worth of the richest Americans grew by 13 percent in the past year to $1.7 trillion, Forbes magazine said on Wednesday, and a familiar cast of characters once again populated the top of the magazine’s annual list of the U.S. uber-elite, including Bill...
I wrote this a few weeks ago as a comment on a retired teacher’s blog. The post there was about how we need to “tax the rich” in order to fund the teachers’ pensions. I was asked to comment on the post by a retired teacher I know. Analysis...
I was reading this story: President Barack Obama will officially launch the battle over the impending fiscal cliff this morning, announcing a plan to extend the Bush-era tax cuts for people earning under $250,000, while letting the rest of the tax cuts expire. via...
Illinois lawmakers ought to give up their state pensions. Legislators are part-time employees, but they make nearly $70,000 a year and in some cases can qualify for a pension after as little as four years in office at age 62. If they were elected before 2011, they can...
Are other countries planning for a U.S. demise? “I was in Australia earlier this month and there, as elsewhere on my recent travels, the consensus among the politicians I met (at least in private) was that Washington lacked the will for meaningful course correction,...