How our tax code is messed up in one chart
This graph compares taxes paid by individuals and corporations. It show us a few things. First, the overall trend shown here is a divergence between individual and corporate tax revenues. Secondly, revenue from individual taxes have rebounded substantially since 2008, meanwhile revenue from corporate taxes are still significantly lower. More of the tax burden is being pushed away from corporations and onto individuals like you and me. Worst of all, this is happening during a time when corporate profits are soaring and wages are stagnant.

How our tax code is messed up in one chart

This graph compares taxes paid by individuals and corporations. It show us a few things. First, the overall trend shown here is a divergence between individual and corporate tax revenues. Secondly, revenue from individual taxes have rebounded substantially since 2008, meanwhile revenue from corporate taxes are still significantly lower. More of the tax burden is being pushed away from corporations and onto individuals like you and me. Worst of all, this is happening during a time when corporate profits are soaring and wages are stagnant.

To judge from the conduct of the opposite parties, we shall be led to conclude that they will mutually hope to evince the justness of their opinions, and increase the number of their converts by the loudness of their declamations and by the bitterness of their invectives. — Alexander Hamilton

Ideas on Fixing the Eurozone

A number of stories about the future of the eurozone have been written. These are five that I found particularly interesting. 

Three steps to resolving the eurozone crisis,” George Soros, Financial Times.  

Three Easy Steps Could Put An End To This Crisis This Weekend,” Jim O’Neil, Business Insider.

Five Steps to Solving Europe’s Debt Crisis,” Peter Thal Larsen, The New York Times.

How to solve European debt crisis? Create a European treasury to back EU bonds,” Jacques Attali and Haris Pamboukis, The Christian Science Monitor.

How to Save the Eurozone in Few Easy Steps,” Vihar Georgiev, European Union Law.

These articles offer a variety of ideas that could go a long way to fixing Europe’s problems. Although there seems to be an agreement on a few:

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They do not perceive that this ticket given them by the capitalist class is fixed, that labor, whether manual or intellectual, has no chance to do more than earn its daily pittance, and that the more capitalism goes on developing, the more do the chances of an individual raising himself out of his class go on diminishing. — Paul Lafargue - The Intellectuals.