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Herman Cain’s 9-9-9 Plan: Not So Crazy
In this week’s issue of TIME, editor-at-large Fareed Zakaria defends the basic idea of Republican presidential candidate Herman Cain’s infamous “9-9-9″ tax plan: His plan is sloppy and, in parts,...
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Joel Stein Speaks for the 1%
This week in TIME, columnist Joel Stein speaks for the 1%: I’ve met some of the top 1%, and on average, they’re interesting, generous and charming. You know who is in the top 1%? Tom Hanks. You know...
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Why Voluntary Taxation is a Bad Idea
In response to President Obama’s proposal that millionaires and billionaires pay at least the same tax rate as middle class families, the conservative Super PAC American Crossroads released an online...
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Forget Wisconsin. The Unions’ Biggest Loss Was in California
Bad news for teachers and other public-sector employees: America is more than ready to cut your pensions and benefits. While most politicos had been focusing this week on the Wisconsin recall, an...
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Behind the Chicago Teachers’ Strike: Why Talks Must Be Made Public
Spoiler alert: when Maggie Gyllenhaal’s new feature film, Won’t Back Down, hits theaters later this month, its plot hinges on the forcing of school officials to make big decisions in front of parents...
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The Rich Haven’t Always Hated Taxes
Mitt Romney has proclaimed, “I pay all the taxes that are legally required, not a dollar more.” While most Americans may not agree with his tax rate (14%), few would disagree with his sentiment. Almost...
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It’s Time To Make Taxes Nontoxic
The drama surrounding the so-called “fiscal cliff” is like a soap opera for wonks: policymaking by suicide pact that makes for terrible governance but suspenseful viewing. And it seems the role of...
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Why the Fiscal Cliff Negotiations Are More Complicated than We Think
The fiscal cliff negotiations have the feel of a major sporting event. The media largely describe the cliff as a two-party conflict, with each side having a fighter in the ring. What House Speaker John...
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The Making of a Cliffhanger
In the last month, we’ve learned a lot about the fiscal cliff. That it’s not as bad as it sounds (it’s a slope, not a precipice.) That negotiations are more complicated than we think. But one question...
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How Not to Compromise
As high-stakes fiscal showdowns have become a constant feature of our national politics, calls for compromise have come from every corner and are growing louder. But political compromise, to paraphrase...
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America’s Forgotten Economic Challenge
The U.S. economy, many believe, is turning a corner. Maybe so, but for much of the country, what lies around the corner is a dead end. In far too many places, high levels of unemployment still exist,...
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Why Austerity Is a Dangerous Idea
The current debt and deficit panic is nothing new. It’s been a staple of American politics since the Republic’s inception. But this season it has taken a new turn. Congress, the fiscal arm of the...
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Liberals Should Worry About the IRS Scandal
It turns out that the Tea Party activists who’ve been ranting about IRS abuses of power were on to something. The taxman, it turns out, engaged in ideological profiling. Conservatives are apoplectic....
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How To Simplify The Tax Code. Simply.
We are in the midst of a burst of new thinking about revising the Internal Revenue Code, and the voices in favor of simplification for both corporate and personal taxes are getting louder. Apple CEO...
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Beware of Simple Solutions to the Tax Code
Sometimes an idea that sounds good when you first hear it looks worse when you examine it closely. This is particularly true when the idea involves a fundamental change in the way the federal...
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Viewpoint: TV News Shouldn’t Hype Powerball
The media may not be telling us much these days about radical Islam in Nigeria or corruption in our local city or town, but there’s one story that no one can escape: the Powerball lottery drawing. Last...
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Newt Gingrich to House Republicans: “Don’t Cave!”
Newt Gingrich, the architect of the government shutdowns in 1995 and 1996, has some encouraging words for House Republicans: Don’t cave in! In an opinion piece published on CNN.com, former speaker of...
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From Head Start to Harvard
“Did anyone here go to Head Start?” It was an innocuous question, asked by my statistics professor at Harvard University’s Kennedy School of Government. It might have been a rhetorical question, too,...
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