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Can Capitalism Be Fixed?

Illustration by Tim Robinson.
The 2008 financial crisis is widely credited with reviving the American left, from the tent cities of Occupy Wall Street to the proliferating chapters of the Democratic Socialists of America. Yet it is not just street protesters and millennial Marxists who have put capitalism under scrutiny: Liberal pundits and policy-makers have also become analysts of capitalism’s ailments. Since Thomas Piketty’s 2013 breakout hit,
Capital in the Twenty-First Century, the publishing industry has churned out new books on capitalism, inequality, and economics at a furious pace. The past two years alone have seen the publication of Piketty’s follow-up, ....

New York , United States , Republic Of , Serbia General , Saudi Arabia , Rutger Bregman , Branko Milanovic , Emmanuel Saez , John Rawls , Thomas Piketty , Thomas Friedman , Gabriel Zucman , Kate Raworth , City University Of New York , European Union , World Bank , Occupy Wall Street , Democratic Socialists , Twenty First Century , Rich Dodge Taxes , Make Them Pay , Heather Boushey , How Inequality Constricts Our Economy , Anne Case , Angus Deaton , Graduate Center ,

Billionaires vs. the Middle Class Across America: Who Pays More in Taxes?

Billionaires vs. the Middle Class Across America: Who Pays More in Taxes?
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Janet Yellen Proposes to Revolutionize Corporate Taxation!

by Selvam Canagaratna
President Biden is proposing a substantial increase in the rate of corporate taxation as part of his infrastructure plan, bumping the headline rate up from 21 percent to 28 percent. This is actually below where it was before 2017, when the headline rate was 35 percent, but given the number of loopholes in the tax code, very few corporations actually paid full whack back then. If Biden’s idea is passed, the effective rate of US corporate tax will depend on what happens with those loopholes in Congress, which is not yet clear.
More importantly, writes Ryan Cooper, Treasury Secretary Janet Yellen is leading an effort to implement a global minimum corporate tax. This would be one of the most revolutionary economic agreements in history blowing up the model of tax havens around the world, and drastically shifting the balance of power between corporations and national governments (especially small ones). ....

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Janet Yellen's proposal to revolutionize corporate taxation

Janet Yellen's proposal to revolutionize corporate taxation
theweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theweek.com Daily Mail and Mail on Sunday newspapers.

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Don't Believe the Bad Press About the Economic Impact of a $15 Minimum Wage

The media is giving the CBO’s analysis short shrift, but the news is great for the economy and the working class. ....

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