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Anne Alstott

Entries by Anne Alstott

Democratizing Wall Street?

(151) Comments | Posted October 12, 2011 | 9:59 AM

With Beltway Democrats flirting with millionaire taxes, Occupy Wall Street is raising a more existential question: the economic crisis is crushing the hopes of the younger generation. Unemployment in 2010 was 9.6%, but it was 15.5% for Americans between 20-24 and 10.9% for those between 25-29. Astonishingly, people...

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Class Warfare?

(1044) Comments | Posted September 27, 2011 | 9:07 AM

President Obama's "millionaire tax" has generated two sound-bite replies. Not only is he engaging in "class warfare," but he is indulging in sheer political posturing -- there simply isn't a lot of money to be raised by targeting the super-rich. Both charges are mistaken.

Taxation aimed at the rich doesn't...

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