Rule by the rich may look inevitable, but history shows it’s not. From ancient Greece to New Deal America to today’s Hungary, democracies have found ways to separate private fortunes from public power.
wealth inequality
Posted inEconomy
The Dangers of AI and Extreme Wealth Inequality
A dramatic technological change makes the case for curbing extreme wealth even more formidable.
Posted inMagazine
How America’s Tax Code Built an Aristocracy
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.
Posted inPolitics
Building Wealth: How “Trump Accounts” Wrecked a Great Idea
The idea of federally funded accounts that boost wealth has been kicking around left-and-right policy circles since the ‘90s. Trump’s just-passed version makes a mess of this once-promising notion.
