His plan would sock it to the ‘working rich,’ whose taxes are already high, not billionaire investors. The Biden administration is trying to sell its Build Back Better agenda by demonizing the superwealthy, but that’s just the sales pitch. The actual product is a tax bill sent mostly elsewhere, to the already highly taxed “working rich.” ...

Beware of critics who are 'talking their book' about trading that lowers costs. A few nights ago, CBS's "60 Minutes" provided a forum for author Michael Lewis to announce that Wall Street is "rigged" and for the sponsors of a new trading venue called IEX to promise to unrig it. The focus of the TV segment was high-frequency trading, or HFT, ...

The bond market shows that people focus on after-tax cash flows when making investments..

There are important questions we need to answer about taxes. How progressive or regressive? How should rates vary on different forms of income? How much of fixing our fiscal problems should come from raising revenue versus cutting spending? I have my opinions and you are ...