Posts tagged “progressive”
October 3, 2013
Exactly one hundred years ago today, President Woodrow Wilson signed the first federal income tax into law. Despite the opposition from the nation’s wealthiest, the new “progressive” tax reform was supported from coast to coast by state legislature and was given the final okay by Congress in 1913.
In an op-ed on Reuters, Sam Pizzigati, editor of Too Much and author of The Rich Don’t Always Win, and John Buenker, an emeritus professor of history at the University of Wisconsin-Parkside and author of The Income Tax and the Progressive Era, explain that these tax reforms created the middle class, supported the economy and industry, and changed the face of America.
“These high-tax years — for the rich — should have been a time of economic calamity. At least according to the critics of progressive income taxation. But real life proved these critics wrong. Commerce did not cease when the tax code levied steeply graduated rates on U.S.
March 2, 2011"Well-intentioned reflection on what it means to be a citizen in today's imperfect America"—Publishers Weekly
April 16, 2010“Ridiculing the tea party shenanigans is a serious error,” Chomsky said. ... “The colossal toll of the institutional crimes of state capitalism” is what is fueling “the indignation and rage of those cast aside. People want some answers. ... They are hearing answers from only one place: Fox, talk radio, and Sarah Palin.” Chomsky invoked Germany during the Weimar Republic, and drew a parallel between it and the United States. “The Weimar Republic was the peak of Western civilization and was regarded as a model of democracy,” he said. And he stressed how quickly things deteriorated there. “In 1928 the Nazis had less than 2 percent of the vote,” he said. “Two years later, millions supported them. The public got tired of the incessant wrangling, and the service to the powerful, and the failure of those in power to deal with their grievances.” — The Progressive