We say taxes make citizens equal before the state. In practice, they divide them—between those whose income is tracked at the source and those whose wealth is invisible.
David Cay Johnston
Posted inMagazine
Account Down
It’s easy to understand why. Traditional pensions pay off big-time only if you stay with one company for a career, something fewer and fewer people do. If you switch jobs your benefits are frozen in the dollars of the year you quit, their value eroded by inflation. By contrast, 401(k)s come with a regular statement […]
Posted inMagazine
Protection Racket
America could use a competent history of bankruptcy law right now because the excesses of the past two decades are about to bring us a new round of debtors seeking refuge from their creditors, some desperate and some manipulative. One bill favored by credit card banks would let them hound some debtors for life, adding […]
