Bushonomics

The US seems to have shifted from the socialist idea that the rich should subsidize the poor to the feudalist idea that the poor should subsidize the rich, without ever seeming to pause at a reasonable place in the middle. Two articles in today's NY Times show how billionaire hedge fund managers want to skip paying taxes and how Hollywood executives want to stop paying royalties to actors, writers and crew.

Tax Loopholes Sweeten a Deal for Blackstone

Hollywood Executives Call for End to Residual Payments