Have The Rich Always Laughed Stiff Tax Rates Away?

The guardians of our conventional wisdom on taxing the rich have messed up — and they know it. They slacked off. They started believing their own tripe. Average Americans, they assumed, would never ever smile on proposals to raise tax rates on the richest among us. After all, the conventional ... Read more

Study Strongly Supports Public Banking To Finance Infrastructure

In honor of the Bank of North Dakota’s centennial anniversary, here is an excellent academic report from Cornell University that includes a detailed case study of BND’s 2015 Infrastructure Loan Fund. The report examines the “unique benefits of public banksand explores strategies ... Read more

What It Really Takes To Secure Peace In Afghanistan

Kabul – Hossein, a member of the Afghan Peace Volunteers, (APV), which hosted my recent visit to Afghanistan, rolled up his sleeve to show me a still-healing three-inch wound. Thieves had broken into his family home in Kabul. When they were discovered, one of the robbers stabbed Hossein. ... Read more

Seriously Taxing The Rich Will Take ‘Guts’ — And More

Jan Schakowsky doesn’t need to apologize for anything. This veteran member of Congress from Illinois has a record second to none on issues that matter to working people. Over the course of her 20 years on Capitol Hill, Schakowsky has introduced much more than her share of innovative legislation, ... Read more

Black Lives Matter Is Making Single Moms Homeowners

In May, Tiffany Brown and her children will move into a new home in the historic Black neighborhood of West Louisville, Kentucky. A single mother of three, Brown has spent most of her adult life in public housing. Her first shot at homeownership comes courtesy of a new project by the ... Read more

America Is Already Socialist, And That’s a Good Thing

During Donald Trump’s State of the Union speech, many of the old, white, Republican Senators and Representatives must have gotten more exercise than in weeks, jumping to their feet to applaud almost every sentence of the endless rhetoric. One of the moments that got the loudest applause was ... Read more

You Can’t Design Bike-Friendly Cities Without Considering Race And Class

Designing for bikes has become a hallmark of forward-looking modern cities worldwide. Bike-friendly city ratings abound, and advocates promote cycling as a way to reduce problems ranging from air pollution to traffic deaths. But urban cycling investments tend to focus on ... Read more

A Positive Vision For What The Green New Deal Could Be

We interviewed Dahr Jamail about his new book, “The End of Ice,” for our podcast, Clearing the FOG, this week. It will be available Monday. Jamail describes the grim reality of human-caused climate distortion. The bottom line is: It is here. It is accelerating. We need to take ... Read more

Instead of Enriching Shareholders, These Companies Could Give 8 Million Workers a $46,000 Raise

During the most recent fiscal year, the 30 companies that make up the Dow Jones Industrial Average gave $378.5 billion to shareholders. That translates to more than $46,000 for each of their combined 8 million employees. Publicly traded companies—like ... Read more

Offshore Finance: How Capital Rules The World

Offshore finance is not solely about capital moving beyond the reach of states, but involves the rampant unbundling and commercialization of state sovereignty itself. Offshore jurisdictions effectively cultivate two parallel legal regimes. On the one hand, we have the standard regulated and taxed ... Read more