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The Sun Magazine

Economics

Capitalism

The Dog-Eared Page

A Time Of Unexampled Prosperity

Every now and then the world is visited by one of these delusive seasons, when the “credit system,” as it is called, expands to full luxuriance; everybody trusts everybody; a bad debt is a thing unheard of; the broad way to certain and sudden wealth lies plain and open; and men are tempted to dash forward boldly, from the facility of borrowing.

The Sun Interview

Capitalism And Its Discontents

Richard Wolff On What Went Wrong

Now let’s look at the history of the individual income tax. In the 1950s and 1960s the top income-tax bracket for an individual was 91 percent. That means that for every dollar an individual earned over a certain amount — let’s just say one hundred thousand dollars — he or she had to give Uncle Sam ninety-one cents. Even in the 1970s it was still 70 percent. What is the tax rate for the richest Americans today? Thirty-five percent. Think of it: the tax rate for the richest Americans went from 91 percent down to 35 percent. Now, that’s a tax cut the likes of which has never been enjoyed by the vast majority of Americans.

The Sun Interview

Against The Grain

Peter Coyote On Buddhism, Capitalism, And The Enduring Legacy Of The Sixties

Politicians are not leaders; they are followers. They think that, because they can plunder the public treasury, they are leading. In fact they are terrified of the people. The people are a problem for them to manage, and when they can no longer manage them, they must follow them, or oppress them.

Essays, Memoirs, and True Stories

After All This Is Over

We got dressed up to go to the courthouse. It was strange to be out of school, and even stranger to be heading off to appear before a judge to prove that our family was broke, but our mother insisted we kids come along. My brother and I sported polyester suit coats handed down from our cousins in Terre Haute, and the girls wore the same dresses they had worn for our grandparents’ funerals.

The Sun Interview

Prophet Of Modest Profit

Woody Tasch On How Not To Get Rich Quick

We use the power of entrepreneurship but support the entrepreneurs who design businesses to solve social and environmental problems and are committed to bioregions and communities. I’m especially interested in agriculture as a place to create that change. We’re not investing enough in small-scale, organic agriculture. Rapid economic growth has created tons of cheap food with a long shelf life, but it’s destroyed family farms, which are vital to rebuilding and preserving soil fertility.

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