Joseph Stiglitz, “one of the few members of the economics profession committed to scientific empiricism, not ideology or servitude to the rich,” as one reader put it, writes that the habit of tax avoidance typical of Mitt Romney’s class makes it difficult to publicly fund things like education, technology, and infrastructure, upon which modern economies depend to flourish.
Harry Reid has provoked outrage among liberals as well as conservatives, who seem to believe he has violated propriety by repeating gossip about Mitt Romney’s taxes. But Reid’s critics simply have no way of knowing whether he is telling the truth or not.
Across the U.S. over the last 20 years, deals struck between big businesses and state governments have diverted at least $5.5 billion in state income taxes from workers’ paychecks into their employers’ bank accounts. David Cay Johnston reports.