Sports Teams: The Everlasting Tax Shelter for Billionaires

Remember the Everlasting Gobstopper from Willie Wonka’s chocolate factory? It was a candy for children with “very little pocket money.” It lasted forever, never getting smaller, and was perpetually flavorful. There’s a non-fiction equivalent, except it’s not for children — or anyone else — with “very little pocket money.” Or even average pocket money. Actually, … Read more

The GOP Legislature Deceives Us with Tax Cuts

“Those who cannot remember the past are condemned to repeat it,” said George Santayana. He must have been talking about Arizona’s so-called middle-class tax cuts. Or the famous Republican trickle-down economic theory that tax cuts for the wealthy and corporations would inevitably “trickle-down” to workers. On the contrary, there is ample evidence showing that wealth has … Read more