5.1.13

SEEN AND UNSEEN

Robert Borosage finds little to like in the end-of-year tax compromise.
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.

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