Highway congestion, America’s Soviet bread line problem, needs a price

By Stephen Crim, Mobility Lab – April 7, 2016  How are America’s roadways like Soviet bread lines? Both are crowded and time-consuming because individuals aren’t paying the right value for the things they want. Congestion pricing offers a solution. In the middle of the 20th century, on both sides of the Iron Curtain, people saw healthy doses of propaganda about the material benefits that …

A new book argues that the Constitution’s framers believed that vast concentrations of wealth were the enemy of democracy—so what happened?

By Jedediah Purdy, The Nation, 11 July 2017 Illustration by Tim Robinson. “Aconstitution is not intended to embody a particular economic theory,” wrote Supreme Court Justice Oliver Wendell Holmes Jr. in 1905. Holmes was dissenting from the Court’s majority opinion in Lochner v. New York, which held that the New York State Legislature had violated the right to freedom of contract when …

The other wealth gap—the 1% vs the 0.01%

By Robert Frank, CNBC, 31 Mar 2014 The top 1 percent isn’t doing as well as you think. Although there’s lots of noise about the growing wealth gap between the rich and poor, that isn’t the fastest-growing money rift in America. It’s between those who are merely rich and the super rich. I know, break out the violins. Mike Kemp …

13 States Now Charge Fees for Electric Vehicles

By Julian Spector, GreenTech Media, 5 July 2017  States are imposing fees on the small population of EV drivers in a broader push to shore up road repairs. The gas tax is catching up to electric vehicles in a growing number of states. Several states have passed or enacted new fees this year, bringing the total to 13, CNBC reported. …

What reparations could actually look like in the US: A tax on concentrated wealth would have a positive impact on the economy for everyone.

By Chuck Collins, in Quartz. 29 June 2017  Today’s racial wealth divide is an economic archeological marker, embedded within the multigenerational story of slavery, racial plunder, and discrimination. It is one way the legacy of racism shows up in people’s bank accounts and, if they own a home, in home equity. It is where the past is present, where the wound …

Ten Facts You Should Know About the Federal Estate Tax, in pictures

By CHYE-CHING HUANG AND CHLOE CHO[1],  Center for Budget and Policy Priorities, 5 May 2017 The federal estate tax is a tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs.  Only the wealthiest estates pay the tax because it is levied only on the portion of an estate’s value that exceeds a specified …

Practitioners of tax evasion and inequality: New research suggests that households in the top 0.01 percent, those with wealth over $40 million, evade 25 to 30 percent of person income and wealth taxes—about 10 times more than the general population

By Chuck Collins, The Nation, 21 June 2017 Agents of Inequality: How Wealth Managers to the Super-Rich Undermine Society and What We Can Do About It :An expert on their secretive world explains how these shadowy practitioners of financial trickery help facilitate widespread tax evasion—and undermine democratic government. Recent years have seen a tremendous amount of scholarship and commentary on the …

Social security for all: what would you do if your income were taken care of?

Common Dreams, 23 June 2013 U.N. special rapportuer Philip Alston says a “basic income offers a bold and imaginative solution to pressing problems that are about to become far more intractable as a result of the directions in which the global economy appears inexorably to be heading.” (Photo: Generation Grundeinkommen/flickr/cc) Amplifying the call for a universal basic income, a United …

What if we developed a tax system based on local rootedness and benefit?

Potential partners: Michael Shuman, Marjorie Kelly, B-corp staff Benefit corporation legislation is effective in over half the country and numerous states are working on it. For state by state information, click here.  Currently in the US,  directors of for-profit companies are focused and often act solely for the ultimate purpose of maximizing the financial returns to shareholders. While corporations generally …