A Veteran's Opinions on Veterans Day

 

• Both of the following can be true at the same time: (1) A significant portion of white working class folks are racist, and (2) a significant portion of the working class has been abandoned by the Democratic Party.

• Online NY Times ought to have an option to somehow show articles without the headline and sub-headline. So many times the article itself is pretty good but the headline ruins the whole thing, like it's totally unrelated to the article it's attached to.

• The problem with taxing "income" instead of "capital" and "wealth" is that lots of income (especially for rich people) can be hidden in trusts, partnerships, etc. If you own stock, there is an accepted value of that at any given time. It seems to me it would be harder to hide and manipulate your way out of that.

• Speaking of which,  the fact that trusts and other tax avoidance vehicles even exist--and at the end of the day, tax avoidance is really their raison d'etre--just shows that, even today, the tax code is written by and for rich people. The carried interest loophole still survives today, through Congresses and White Houses of both parties.