About half of American families pay little to no federal income tax after tax credits and deductions. Payroll taxes, excise taxes, and sales taxes hit the average American family the hardest.
A compulsory contribution to government for facilities or services, typically levied upon income, goods, services, and transactions.
We explain neoliberalism, globalization, nativism, and protectionism and the pros and cons of “neoliberal globalization” and “nativist protectionism.”
Below we present an annotated version of Andrew Carnegie’s 1889 essay Wealth (better known as the Gospel of Wealth).
We examine the historical effects of social, political, and economic inequality on society to see how it has led to social unrest and events like revolutions and populist uprisings.
We explain economic inequality from a historical perspective, and then consider the effects of wealth inequality and income inequality in America today.
Velocity of Money is a measure of money exchanged over time, typically how often and quickly the average dollar is exchanged per day.
A series of social and legislative changes in the 60’s ended an era of tuition-free state universities in the US and started the current student loan crisis.