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?

Photo credit:

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

Can the keto diet help treat depression? Here’s what the science says so far

A growing body of research shows promising signs that the keto diet might be able to improve mental health.

Public Domain
Mind & Brain
  • The keto diet is known to be an effective tool for weight loss, however its effects on mental health remain largely unclear.
  • Recent studies suggests that the keto diet might be an effective tool for treating depression, and clearing up so-called "brain fog," though scientists caution more research is necessary before it can be recommended as a treatment.
  • Any experiments with the keto diet are best done in conjunction with a doctor, considering some people face problems when transitioning to the low-carb diet.
Keep reading Show less

Steven Pinker's 13 rules for writing better

The Harvard psychologist loves reading authors' rules for writing. Here are his own.

NEW YORK, NY - JULY 21: Steven Pinker speaks onstage during OZY Fest 2018 at Rumsey Playfield, Central Park on July 21, 2018 in New York City. (Photo by Brad Barket/Getty Images for Ozy Media)
Personal Growth
  • Steven Pinker is many things: linguist, psychologist, optimist, Harvard professor, and author.
  • When it comes to writing, he's a student and a teacher.
  • Here's are his 13 rules for writing better, more simply, and more clearly.
Keep reading Show less

Want to age gracefully? A new study says live meaningfully

Thinking your life is worthwhile is correlated with a variety of positive outcomes.

Surprising Science
  • A new study finds that adults who feel their lives are meaningful have better health and life outcomes.
  • Adults who felt their lives were worthwhile tended to be more social and had healthier habits.
  • The findings could be used to help improve the health of older adults.
Keep reading Show less