The Tax Debate We Need

Source: Marshall Steinbaum, Jacobin, October 20, 2017

Progressive taxation curbs the power of the wealthy — and that’s exactly why the Right hates it. ….

…. Given the Republicans’ control of every branch of government, their plan has a high probability of becoming law. This article will forecast the contours of the “tax debate” in the coming months, as they attempt to shepherd their legislative obscenity to passage.

But it will then take a step back and consider the role that progressive taxation plays in the economy, and why it must be at the top of any left-oriented policy agenda: because without progressive taxation, the privileged have never been peacefully toppled from their position of power over the economy. ….