Monday, April 15, 2013

A Tax System Stacked Against the 99 Percent - NYTimes.com

A Tax System Stacked Against the 99 Percent - NYTimes.com: by Jospeh Stiglitz, winner of the Nobel Prize
LEONA HELMSLEY, the hotel chain executive who was convicted of federal tax evasion in 1989, was notorious for, among other things, reportedly having said that “only the little people pay taxes.”
As a statement of principle, the quotation may well have earned Mrs. Helmsley, who died in 2007, the title Queen of Mean. But as a prediction about the fairness of American tax policy, Mrs. Helmsley’s remark might actually have been prescient.



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