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    A yacht in harbor

    The Lost Art (and Joy) of Taxing the Rich

    By ending the practice of taxing the those with the most, we have witnessed an incredibly intense concentration of wealth that has recreated the same sort of top-heavy economic imbalances that ushered in the Great Depression almost a century ago.

    Sam Pizzigati
    Sep 05, 2023

    Eight decades ago, at a pivotal turning point in American history, our nation’s richest faced a 94 percent federal tax rate on their income over $200,000, the equivalent of about $3.5 million today. At that point, near the end of World War II, only one other nation — the UK — taxed its rich at a steeper rate. The wealthiest Brits ended the war facing a 97.5 percent tax on their top-bracket income.

    These stiff top tax rates — all nearly unimaginable today — would help usher in a generation of unparalleled economic progress for average Americans and Brits. And those rates ebbed only slightly in the postwar years. In the 1950s, America’s richest faced a 91 percent top tax rate. The GOP president then sitting in the White House, Dwight Eisenhower, made no move whatsoever to hack that top rate down.

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    Opinion
    tax the rich
    Iraqis Scavenge Post-War Scrap Heap In Doura

    Will Ukraine Be Turned Into a Radioactive Battlefield?

    Why isn’t depleted uranium banned? That’s a question antinuclear activists have been asking for years.

    Joshua Frank
    Apr 18, 2023

    It’s sure to be a blood-soaked spring in Ukraine. Russia’s winter offensive fell far short of Vladimir Putin’s objectives, leaving little doubt that the West’s conveyor belt of weaponry has aided Ukraine’s defenses. Cease-fire negotiations have never truly begun, while NATO has only strengthened its forces thanks to Finland’s new membership (with Sweden soon likely to follow). Still, tens of thousands of people have perished; whole villages, even cities, have been reduced to rubble; millions of Ukrainians have poured into Poland and elsewhere; while Russia’s brutish invasion rages on with no end in sight.

    The hope, according to Ukrainian President Volodymyr Zelensky, is that the Western allies will continue to furnish money, tanks, missiles, and everything else his battered country needs to fend off Putin’s forces. The war will be won, according to Zelensky, not through backroom compromises but on the battlefield with guns and ammo.

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    Opinion
    depleted uranium
    Donald Trump in Scotland

    Is Brexit Win a Warning Signal for Trump-Era America?

    "The uprising has begun. The question now is, who will lead it going forward?"

    Lauren McCauley
    Jun 25, 2016

    The UK's shock decision to exit the European Union has left a foreboding shadow over the American political landscape, sending the U.S.--and the world--a stark warning about the dangers of a disaffected working class and the power of negative politics.

    Conservatives worldwide have been heralding Thursday's vote as a victory for "the people" over the "political elite."

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