Sam Pizzigati

Articles by this author

"Societies that believe themselves democracies can do better. They taxed the rich progressively, at high rates, and endeavored to democratically decide how to spend the tax revenue that progressive tax rates raised." (Photo:JD Lasica/flickr/cc) Views
Wednesday, January 17, 2018
Enormously Lucky Man? Or Ultra-Deserving Deep Pocket?
Eric Schmidt, a top executive at Google ever since he joined the company as CEO back in 2001, is stepping down later this month. He’s leaving his latest executive slot about $14 billion richer than when he began his Google career. Expect a digital avalanche of praise for Schmidt over the next few...
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Saturday, January 06, 2018
The Free Market Made Us Do It!
Apologists for the many millions in compensation that America’s largest corporations regularly dole out to their top executives have essentially one basic, all-purpose go-to defense. America’s corporate giants, this defense goes, are just paying the going “market rate” for top-notch executive...
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"The rich who dominate politics are altering humankind’s age-old bargaining dynamics – and right on America’s grandest political stage!" Views
Friday, December 15, 2017
The Grand Tax ‘Bargain’ Is Just a Bigger Bonus for the Rich
Did you ever bargain with an auto dealer over the price of a car? Most of us have, at one time or another, so we know how this drill works. The car has a sticker price. We want a lower price, so we make an offer. Sometimes the dealer doesn’t budge. More typically, dealer and buyer agree on a price...
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The Senate-passed tax bill, as Intercept Washington bureau chief Ryan Grim catalogs, raises $1.3 trillion “by going after deductions for state and local taxes, mortgage interest, charitable contributions, interest on student loans, medical expenses, teachers’ out-of-pocket expenses for paper and pencils for students, and a bunch of other nickel-and-diming of the middle class.” Views
Thursday, December 07, 2017
GOP Tax Cuts Hardwire Inequity for Poor and Middle Class
The U.S. Senate has now passed the most significant tax “reform” legislation since 1986. The legislation, most pundits believe, will likely become the new law of the land within weeks. What will that mean? We already have all sorts of numbers from reputable researchers on who will now see really...
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Democrat John Nance Garner from Texas sits with Governor Roosevelt in September 1932. (Photo via National Archives and Records Administration/Wikipedia) Views
Saturday, November 25, 2017
How to Stop a Tax Plan Rigged for the Rich
The Earth doesn’t quite shake when lawmakers in Washington, D.C. take one of their periodic votes on tax “reform.” But sometimes history does turn, and this coming week’s expected vote on the Senate version of the GOP tax plan could be one of those rare times that history actually turns for the...
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Murphy may prove to be an excellent governor, who moves New Jersey toward significantly greater equality. Or he may come be seen as a blundering know-it-all, whose incompetence discredits the progressive positions he now champions. Views
Wednesday, November 15, 2017
Phil Murphy’s Victory and the Goldmanization of Government
The voters of New Jersey just elected a former Wall Street banker as their new governor. Just what America needs, right? Many onlookers are undoubtedly thinking that the last thing our country needs at this troubled time another well-heeled Wall Streeter in a powerful political position. In the...
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Representatives of progressive political activist groups join members of the Congressional Progressive Caucus for a news conference outside the U.S. Capitol in Washington, D.C. on Oct. 4, 2017. (Photo by Chip Somodevilla/Getty Images) Views
Thursday, October 26, 2017
Trump’s ‘Reform’ Tilts Tax Code to Favor the Rich
How much did your paychecks total last year? You know the answer, of course. So does the Social Security Administration. The totals for every American’s paycheck income are sitting in Social Security’s computers. Once every year, Social Security does a serious data dump out of those computers to...
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Life in this entitlement environment shapes how the awesomely affluent interact with the world. They come to see their privilege as the proper order of the universe. The wealthy deserve to be served. Those without wealth do not. If those without wealth did rate as deserving, after all, wouldn’t they already be wealthy? Views
Friday, October 06, 2017
Why Do So Many Super Rich Despise the Poor?
Only days after the horrific aftermath of Hurricane Maria in Puerto Rico, Donald Trump unleashed a tweet that outraged many but surprised few. With millions of Puerto Ricans without minimal food, water, and fuel, Trump lashed out against those islanders literally begging for more federal help. “...
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Monday, August 28, 2017
Wisconsin’s Foxconn Deal Enriches Billionaires With Taxpayer Cash
Taiwanese billionaire Terry Gou every once in a while likes to think “outside the box.” Back in 2010, for instance, the giant electronics manufacturer that Gou runs — Foxconn — was facing what corporate flacks like to call a major “PR problem.” Working conditions inside Foxconn’s massive Chinese...
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Wednesday, December 21, 2016
Waging Class War in Comfort
In a typical corporate board of directors meeting, what do CEOs see when they look out across their richly lacquered boardroom tables? They see . . . lots of other CEOs. That’s no accident. CEOs today purposively pack their corporate boards with their pals, who often turn out to be current or...
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