A pity party for America’s rich and powerful

Summary:   Brad DeLong often nominates people for the "stupidest man alive" award (e.g., here).  Here is a new nominee. The underlying issue is important and little-known: the US has a flat tax system, with the rich and poor paying taxes at the same percent of income. Second Quarter 2010 Investor Letter, Daniel S. Loeb, Third Point Partners LP, … Continue reading A pity party for America’s rich and powerful