The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay

Author: Emmanuel Saez
Publisher: W. W. Norton & Company
ISBN: 1324002735
Category : Business & Economics
Languages : en
Pages : 232

Book Description
America’s runaway inequality has an engine: our unjust tax system. Even as they became fabulously wealthy, the ultra-rich have had their taxes collapse to levels last seen in the 1920s. Meanwhile, working-class Americans have been asked to pay more. The Triumph of Injustice presents a forensic investigation into this dramatic transformation, written by two economists who revolutionized the study of inequality. Eschewing anecdotes and case studies, Emmanuel Saez and Gabriel Zucman offer a comprehensive view of America’s tax system, based on new statistics covering all taxes paid at all levels of government. Their conclusion? For the first time in more than a century, billionaires now pay lower tax rates than their secretaries. Blending history and cutting-edge economic analysis, and writing in lively and jargon-free prose, Saez and Zucman dissect the deliberate choices (and sins of indecision) that have brought us to today: the gradual exemption of capital owners; the surge of a new tax avoidance industry, and the spiral of tax competition among nations. With clarity and concision, they explain how America turned away from the most progressive tax system in history to embrace policies that only serve to compound the wealth of a few. But The Triumph of Injustice is much more than a laser-sharp analysis of one of the great political and intellectual failures of our time. Saez and Zucman propose a visionary, democratic, and practical reinvention of taxes, outlining reforms that can allow tax justice to triumph in today’s globalized world and democracy to prevail over concentrated wealth. A pioneering companion website allows anyone to evaluate proposals made by the authors, and to develop their own alternative tax reform at taxjusticenow.org.

Tax the Rich!

Author: Morris Pearl
Publisher: The New Press
ISBN: 1620976641
Category : Political Science
Languages : en
Pages : 273

Book Description
A powerfully persuasive and thoroughly entertaining guide to the most effective way to un-rig the economy and fix inequality, from America's wealthiest “class traitors” The vast majority of Americans—71 percent—believe the economy is rigged in favor of the rich. Guess what? They’re right. How do you rig an economy? You start with the tax code. In Tax the Rich! former BlackRock executive Morris Pearl, the millionaire chair of the Patriotic Millionaires, and Erica Payne, the organization’s founder, take readers on an engaging and enlightening insider’s tour of the nation’s tax code, explaining exactly how “the rich”—and the politicians they control—manipulate the U.S. tax code to ensure the rich get richer, and everyone else is left holding the bag. Blunt and irreverent, Tax the Rich! unapologetically dismantles the “intellectual” justifications for a tax code that virtually guarantees destabilizing levels of inequality and consequent social unrest. Infographics, charts, cartoons, and lively characters including “the Werkhardts” and “the Slumps” make a complicated subject accessible (and, yes, sometimes even funny) and illuminate the practical reforms that can put America on the road to stability and shared prosperity before it’s too late. Never have the arguments in this book been more timely—or more important.

Cruel Fate

Author: Hughie Callaghan
Publisher: Univ of Massachusetts Press
ISBN: 9780870239878
Category : Biography & Autobiography
Languages : en
Pages : 316

Book Description
Explores how the Francophone and Anglophone communities in Quebec have responded to the shift in power between them as a state- based nationalism has become established over the past quarter century. Laczko (sociology, U. of Ottawa) draws on public opinion survey data and theoretical literature dealing with language, ethnicity, nationalism, and social change to examine the restructuring of relations between the two communities, the acceptance by English-speakers of their minority status, and the behavior of French-speakers as the new socially and politically dominant group. Compares Quebec to other places where such shifts rarely occur without violence. Annotation copyright by Book News, Inc., Portland, OR

Tax Fairness and Folk Justice

Author: Steven M. Sheffrin
Publisher: Cambridge University Press
ISBN: 0521195624
Category : Business & Economics
Languages : en
Pages : 263

Book Description
Much of the discussion of tax fairness today focuses on distribution - who gets what. But this is too limited a focus. To the average person, tax fairness means something else: primarily receiving benefits commensurate with the taxes one pays, being treated with basic respect by the law and the tax authorities, and respecting legitimate efforts to earn income. The average person is not totally indifferent to inequality, but concerns for redistribution are moderated by the extent to which income and wealth have been perceived to be earned through honest effort. This book demonstrates how an understanding of "folk justice" can deepen our understanding of how tax systems actually work and how they might potentially be reformed.

The Hidden Wealth of Nations

Author: Gabriel Zucman
Publisher: University of Chicago Press
ISBN: 022624556X
Category : Business & Economics
Languages : en
Pages : 142

Book Description
We are well aware of the rise of the 1% as the rapid growth of economic inequality has put the majority of the world’s wealth in the pockets of fewer and fewer. One much-discussed solution to this imbalance is to significantly increase the rate at which we tax the wealthy. But with an enormous amount of the world’s wealth hidden in tax havens—in countries like Switzerland, Luxembourg, and the Cayman Islands—this wealth cannot be fully accounted for and taxed fairly. No one, from economists to bankers to politicians, has been able to quantify exactly how much of the world’s assets are currently hidden—until now. Gabriel Zucman is the first economist to offer reliable insight into the actual extent of the world’s money held in tax havens. And it’s staggering. In The Hidden Wealth of Nations, Zucman offers an inventive and sophisticated approach to quantifying how big the problem is, how tax havens work and are organized, and how we can begin to approach a solution. His research reveals that tax havens are a quickly growing danger to the world economy. In the past five years, the amount of wealth in tax havens has increased over 25%—there has never been as much money held offshore as there is today. This hidden wealth accounts for at least $7.6 trillion, equivalent to 8% of the global financial assets of households. Fighting the notion that any attempts to vanquish tax havens are futile, since some countries will always offer more advantageous tax rates than others, as well the counter-argument that since the financial crisis tax havens have disappeared, Zucman shows how both sides are actually very wrong. In The Hidden Wealth of Nations he offers an ambitious agenda for reform, focused on ways in which countries can change the incentives of tax havens. Only by first understanding the enormity of the secret wealth can we begin to estimate the kind of actions that would force tax havens to give up their practices. Zucman’s work has quickly become the gold standard for quantifying the amount of the world’s assets held in havens. In this concise book, he lays out in approachable language how the international banking system works and the dangerous extent to which the large-scale evasion of taxes is undermining the global market as a whole. If we are to find a way to solve the problem of increasing inequality, The Hidden Wealth of Nations is essential reading.

Picking Cotton

Author: Jennifer Thompson-Cannino
Publisher: St. Martin's Press
ISBN: 9781429962155
Category : Biography & Autobiography
Languages : en
Pages : 304

Book Description
The New York Times best selling true story of an unlikely friendship forged between a woman and the man she incorrectly identified as her rapist and sent to prison for 11 years. Jennifer Thompson was raped at knifepoint by a man who broke into her apartment while she slept. She was able to escape, and eventually positively identified Ronald Cotton as her attacker. Ronald insisted that she was mistaken-- but Jennifer's positive identification was the compelling evidence that put him behind bars. After eleven years, Ronald was allowed to take a DNA test that proved his innocence. He was released, after serving more than a decade in prison for a crime he never committed. Two years later, Jennifer and Ronald met face to face-- and forged an unlikely friendship that changed both of their lives. With Picking Cotton, Jennifer and Ronald tell in their own words the harrowing details of their tragedy, and challenge our ideas of memory and judgment while demonstrating the profound nature of human grace and the healing power of forgiveness.

Tax Havens

Author: Ronen Palan
Publisher: Cornell University Press
ISBN: 0801468566
Category : Law
Languages : en
Pages : 280

Book Description
From the Cayman Islands and the Isle of Man to the Principality of Liechtenstein and the state of Delaware, tax havens offer lower tax rates, less stringent regulations and enforcement, and promises of strict secrecy to individuals and corporations alike. In recent years government regulators, hoping to remedy economic crisis by diverting capital from hidden channels back into taxable view, have undertaken sustained and serious efforts to force tax havens into compliance. In Tax Havens, Ronen Palan, Richard Murphy, and Christian Chavagneux provide an up-to-date evaluation of the role and function of tax havens in the global financial system-their history, inner workings, impact, extent, and enforcement. They make clear that while, individually, tax havens may appear insignificant, together they have a major impact on the global economy. Holding up to $13 trillion of personal wealth-the equivalent of the annual U.S. Gross National Product-and serving as the legal home of two million corporate entities and half of all international lending banks, tax havens also skew the distribution of globalization's costs and benefits to the detriment of developing economies. The first comprehensive account of these entities, this book challenges much of the conventional wisdom about tax havens. The authors reveal that, rather than operating at the margins of the world economy, tax havens are integral to it. More than simple conduits for tax avoidance and evasion, tax havens actually belong to the broad world of finance, to the business of managing the monetary resources of individuals, organizations, and countries. They have become among the most powerful instruments of globalization, one of the principal causes of global financial instability, and one of the large political issues of our times.

Grave Injustice

Author: Richard A. Stack
Publisher: Potomac Books, Inc.
ISBN: 1612341632
Category : Law
Languages : en
Pages : 366

Book Description
On September 21, 2011, the controversial execution of Georgia inmate Troy Davis, who spent twenty years on death row for a crime he most likely did not commit, revealed the complexity of death penalty trials, the flaws in America's justice system, and the rift between those who are for and against the death penalty. Davis's execution reignited a long-standing debate about whether the death penalty is an appropriate form of justice. In Grave Injustice Richard A. Stack seeks to advance the anti-death penalty argument by examining the cases of individuals who, like Davis, have been executed but a

Enduring Injustice

Author: Jeff Spinner-Halev
Publisher: Cambridge University Press
ISBN: 1107017513
Category : Law
Languages : en
Pages : 247

Book Description
Argues that understanding the impact of past injustices faced by some peoples can help us understand and overcome injustice today.

More than Just Race: Being Black and Poor in the Inner City (Issues of Our Time)

Author: William Julius Wilson
Publisher: W. W. Norton & Company
ISBN: 0393073521
Category : Social Science
Languages : en
Pages : 205

Book Description
A preeminent sociologist of race explains a groundbreaking new framework for understanding racial inequality, challenging both conservative and liberal dogma. In this timely and provocative contribution to the American discourse on race, William Julius Wilson applies an exciting new analytic framework to three politically fraught social problems: the persistence of the inner-city ghetto, the plight of low-skilled black males, and the fragmentation of the African American family. Though the discussion of racial inequality is typically ideologically polarized. Wilson dares to consider both institutional and cultural factors as causes of the persistence of racial inequality. He reaches the controversial conclusion that while structural and cultural forces are inextricably linked, public policy can only change the racial status quo by reforming the institutions that reinforce it.