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Massive Tax Cuts for the Rich Will Not Balance the Budget

October 26, 2011Erik Kain

If you’re concerned about the deficit and you think that Rick Perry’s new tax proposal might be a good idea, you probably ought to take a look at this chart: It turns out that not only is this just a huge tax giveaway to the rich, Perry’s plan would actually raise $4.7 trillion fewer dollars […]

Read more at Forbes.

byline=E.D. Kain, Facebook, Forbes, Medicare, Rick Perry, Tax, Twitter, United States, Washington

Pushback: Tax the Rich?

October 21, 2011Erik Kain

A number of commenters pushed back against me when I argued that taxing the rich, without fixing other injustices within our political system, would not be enough. Darren G warned that I was arguing “a straw man.” The recent poll published in the WSJ showed that 30% of the OWS protesters were motivated by ” […]

Read more at Forbes.

byline=E.D. Kain, Democratic Party (United States), Economic inequality, Facebook, filibuster, Forbes, Leadership, Republicans, senate rules, Tax, Twitter, United States, Wall Street

Taxing the Rich More Won’t Solve the Problems with Income Inequality

October 20, 2011Erik Kain

I find most discussions of taxation mind-numbingly stupid. We have a terrible tax code. It’s full of bad incentives. It’s written by people in the thrall of public opinion or pledged to Grover Norquist’s silly no-new-taxes pledge. It’s an ad hoc disaster that makes many tax lawyers and tax software people very rich. Many people […]

Read more at Forbes.

byline=E.D. Kain, Flat tax, Forbes, Grover Norquist, Herman Cain, Occupy Wall Street, Rick Perry, Steve Forbes, Steve Jobs, Tax, United States, Wall Street, Washington

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