Tax Code: America's Next Civil Rights Movement?
Income inequality in the US is at the highest level in our history. How are private interest groups able to control the conversation and when will consumer-advocates show up to the fight?
What's the Latest Development?
On February 13, the deadline for comments on a federal financial regulation known as the Volcker Rule expired. Federal meetings over the rule, which is intended to keep banks from making ultra-risky bets on the market, were attended by only one consumer-advocacy group. The rest of the meetings were negotiations between representatives of big banks, who want to water down the regulation, and the government. This is typical of the American Left when it comes to financial policy, says Jeff Strabone. When will they start showing up to the fight?
What's the Big Idea?
In the last 50 years, civil rights have come a long way in the US. But what about income equality? Under Ronald Reagan, as the highest marginal income tax rate fell from 70 to 28 percent, progressive taxation essentially ended. Since then, capital gains taxes, estate taxes and corporate taxes have all fallen. Lack of government revenue has been felt sharply by schools who have shortened class time and the school year to government judges who had not received a pay raise in 12 years. Does anti-tax ideology have a stranglehold on our politics?
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How a cataclysm worse than what killed the dinosaurs destroyed 90 percent of all life on Earth.
While the demise of the dinosaurs gets more attention as far as mass extinctions go, an even more disastrous event called "the Great Dying” or the “End-Permian Extinction” happened on Earth prior to that. Now scientists discovered how this cataclysm, which took place about 250 million years ago, managed to kill off more than 90 percent of all life on the planet.
A new study discovers the “liking gap” — the difference between how we view others we’re meeting for the first time, and the way we think they’re seeing us.
We tend to be defensive socially. When we meet new people, we’re often concerned with how we’re coming off. Our anxiety causes us to be so concerned with the impression we’re creating that we fail to notice that the same is true of the other person as well. A new study led by Erica J. Boothby, published on September 5 in Psychological Science, reveals how people tend to like us more in first encounters than we’d ever suspect.
Using advanced laser technology, scientists at NASA will track global changes in ice with greater accuracy.
Leaving from Vandenberg Air Force base in California this coming Saturday, at 8:46 a.m. ET, the Ice, Cloud, and Land Elevation Satellite-2 — or, the "ICESat-2" — is perched atop a United Launch Alliance Delta II rocket, and when it assumes its orbit, it will study ice layers at Earth's poles, using its only payload, the Advance Topographic Laser Altimeter System (ATLAS).
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