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on Tuesday, January 31st, 2012 at 9:01 pm and is filed under Economic Growth, Financial Markets, New Posts.
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Mr Bernstein,
First, thanks for your service to folks who are interested in a more progressive agenda – creating an economy based on shared, sustainable prosperity.
Second, in the absence of major campaign finance reform, why aren’t people like Warren Buffet prepared to write checks to progressive super PACs to get folks elected who will enact some major tax reform?
Wouldn’t you agree that he, and other billionaires are being a little bit insincere when they ask Congress to raise marginal rates, or to increase capital gains taxes?
I think Dylan Ratigan uses a stat on his shows that indicates 94% of Congressional elections are won by the people that spend the most money, so if we are going to enact some serious reform, why not just build a massive progressive super PAC?
Thanks for your work on behalf of progressive causes.
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Jared Bernstein’s areas of expertise include federal and state economic and fiscal policies, income inequality and mobility, trends in employment and earnings, international comparisons, and the analysis of financial and housing markets. Read more
Mr Bernstein,
First, thanks for your service to folks who are interested in a more progressive agenda – creating an economy based on shared, sustainable prosperity.
Second, in the absence of major campaign finance reform, why aren’t people like Warren Buffet prepared to write checks to progressive super PACs to get folks elected who will enact some major tax reform?
Wouldn’t you agree that he, and other billionaires are being a little bit insincere when they ask Congress to raise marginal rates, or to increase capital gains taxes?
I think Dylan Ratigan uses a stat on his shows that indicates 94% of Congressional elections are won by the people that spend the most money, so if we are going to enact some serious reform, why not just build a massive progressive super PAC?
Thanks for your work on behalf of progressive causes.