We need to address inequality frontally. That requires much more than small marginal increases in taxes for millionaires. It includes raising the minimum wage, empowering workers to organize and bargain for a fair share of the profits they help to generate, limiting perverse CEO compensation schemes. It includes a financial transaction tax that might curb Wall Street gambling.Without an end to public policies that do nothing to develop human capital and life-management skills of the next generation of workers, marginal tax rates and union organizing are ineffective.
SEEN AND UNSEEN
Robert Borosage finds little to like in the end-of-year tax compromise.