The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.
Dear Dr. Dollar: Is the Federal Reserve, the Fed, as important to the operation of the economy as it seems? How does it work? If it is so important, how can anyone take seriously politicians such as Ron Paul, who calls for the Fed’s abolition? Read more »
Do private equity moguls create wealth, or do they merely transfer wealth to the richest of the richest 1% by sucking dry the companies they take over? Read more »
