The Best Way to Break Up Mega-Corporations: Progressive Taxes

Individual income taxes are very progressive: If you make $50,000/year, you pay 16% in taxes If you make $100,000/year, you pay 22% in taxes If you make $500,000/year, you pay 32% in taxes In contrast, business taxes are completely flat. The federal corporate income tax rate is a flat 21%. Which means that: A small … Continue reading The Best Way to Break Up Mega-Corporations: Progressive Taxes →

Competition is Good, Cartels are Bad, and so too are Unions

As a lifelong liberal, I’m firmly of the opinion that America needs to do more to shore up its middle class. I’m strongly in favor of taxing the rich, cutting taxes on the middle class, increasing the EITC (or at the very least increasing the minimum wage), and beefing up social services such as public … Continue reading Competition is Good, Cartels are Bad, and so too are Unions →