Don Gonyea speaks with Columbia Law School's Michael Graetz (update at 10 a.m. ET: he's also a professor emeritus and lecturer at Yale law School) about the history of the tax for Morning Edition. Graetz is co-author of the book Death by a Thousand Cuts: The Fight Over Taxing Inherited Wealth. [...] Graetz tells Don that the estate tax in its current form was passed by Congress in 1916, just three years after the start of the federal income tax. Roosevelt supported the tax as an instrument for enforcing the equality of opportunity in the U.S. by making it more difficult to pass great fortunes from one generation to another. Graetz says that the public accepted the tax as a another progressive-era reform. "It was the beginning of the progressive era," says Graetz. "The income tax had just come in, in 1913. So, the public was very interested in progressive taxation and the estate tax was a natural piece of that kind of system." Significant opposition first appeared in the 1920s when Andrew Mellon of Gulf Oil tried to repeal the estate tax during his stint as secretary of the Treasury during the Coolidge administration. Then, in the 1940s, Graetz says that opponents started labeling it the "death tax" in a bid to gain wider support for the repeal movement. The movement never succeeded. But the 1990s saw a resurgence in efforts to kill the tax, with an emphasis on how it affects family farms and small businesses. Graetz tells Gonyea, however, that the estate tax has rarely affected these types of small family operations and that opponents eventually fell back to the position of advocating a complete repeal. In the end, Graetz says the debate over the tax seems more symbolic than anything else in light of the fact that it has never produced more than 2 percent of federal revenues in any individual year since World War II.Read the full Two-way post here. There was also this Morning Edition radio show on the topic. "Symbolic." Politics is all symbolism these days, and so much of the inflated U.S. economy is about political gestures, i.e. purely symbolic gestures, in an attempt to win a philosophical argument or debate: we buy organic to make a statement, more than anything else; we buy books; we use certain sorts of social media. This book cuts to this symbolism, and at that, there's a pairing here. There's a paring with the pragmatism of Obama, which is best understood through the book, Reading Obama.
Showing posts with label The Two-way (NPR blog). Show all posts
Showing posts with label The Two-way (NPR blog). Show all posts
Thursday, December 16, 2010
Symbolism and Pragmatism: "How We Got From Estate Tax To 'Death Tax'" from NPR's The Two-way
Thursday, November 25, 2010
"George W. Bush Memoir Has Sold 1.1 Million Copie"s by THE ASSOCIATED PRESS
George W. Bush has joined Bill Clinton and Barack Obama in an exclusive club: presidential authors who have sold at least a million copies of their books. The Crown Publishing Group announced Wednesday that Bush's memoir, "Decision Points," has sold more than 1.1 million copies. It was released Nov. 9.NPR syndicated this AP bit, which can be found here. In the book, he defends the use of water-boarding to extract critical information from terrorists: The Times (UK) reported this earlier this month:
George W. Bush has claimed that information extracted from terrorist suspects by “waterboarding” saved British lives by preventing attacks on Heathrow and Canary Wharf. In an exclusive interview with The Times, the former US President offered a vigorous defence of the coercive interrogation technique: “Three people were waterboarded and I believe that decision saved lives.” He denied that waterboarding, which simulates drowning, amounted to torture. Asked if he authorised the use of waterboarding to get information from the captured al-Qaeda leader Khalid Sheikh Mohammed, he was unequivocal: “Damn right!” In his new book he writes: “Their interrogations helped break up plots to attack American diplomatic facilities abroad, Heathrow airport and Canary Wharf in London, and multiple targets in the United States.”Read the full Times article here. There's also this NPR All Things Considered podcast with and about the former president. See also: A Charge to Keep
Tuesday, October 26, 2010
Navy Puts Out Graphic Novel About Corpsmen, The Medics Who Also Fight - NPR (blog) - Bill Chappell -
The U.S. military has used video games to help train their personnel — and to help boost recruiting. Now the experiences of Navy corpsmen have spawned a new graphic novel, published by the U.S. Navy's Bureau of Medicine. As the KPBS blog Home Post reports, The Docs was born out of a desire to prepare new corpsmen for the mental stress of combat. And that stress is substantial. Corpsmen are often called on both to fight and to try to save the lives of wounded Marines. As Jamie Reno of KPBS writes, surveys of U.S. combat personnel show that "at the height of Operation Iraqi Freedom in 2007, corpsmen were exposed to more intense combat than any other Navy component."
You can read the NPR blog post here, and you can read the full "graphic novel" for free, here.
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