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L’ÉTRANGER
For this week’s issue, Lauren Collins travels to France, where the actor Gérard Depardieu’s decision to become a Russian citizen and escape the Socialist party’s threatened tax increases is causing shock and turmoil: http://nyr.kr/12qc6pd
(Source: newyorker.com)
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Republicans Apologize to Top 1.5 Per Cent→
WASHINGTON (The Borowitz Report)—In the aftermath of the fiscal-cliff deal, Republicans in Congress issued a heartfelt apology to the top 1.5 per cent richest people in America, offering “messages of profound condolence” for allowing their taxes to increase slightly. Continue reading: http://nyr.kr/YTHeah
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"A negotiating process that started eighteen months ago with talk of trillions of dollars in deficit reduction ended in an agreement that will hardly reduce the deficit at all. From a historical perspective, indeed, the overall impact of the compromise is to bestow another big and costly tax cut on the American populace."
— John Cassidy on the fiscal-cliff deal as a tax cut for all: http://nyr.kr/YQZssI(Source: newyorker.com)
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Amy Davidson on how the cliff deal raises payroll taxes on low income & middle class—and internalizes GOP delusions: http://nyr.kr/WecEWG
Photograph: Chip Somodevilla/Getty
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Cartoon by Paul Noth. For more from this week’s issue: http://nyr.kr/Xjc93v
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Lunch with Warren Buffett
No longer just America’s favorite investor, in recent years he’s become a kind of public sage…
James Surowiecki talks to Buffett about the economy, his investments, & his position on taxes: http://nyr.kr/Rp3qLz
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Will the G.O.P. Push Grover off the Cliff?
John Cassidy on the G.O.P. rejections of Republican Grover Norquist’s pledge not to raise taxes: This leaves Norquist “in a pretty awkward position, I would say.” Continue reading.
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Shouts & Murmurs - Ian Frazier on taxing the rich: “…you’ll actually have less money than before, because the rich will simply move their money, and they’ll stop creating catering and florist jobs, and all the jewelled-egg factories will close, and millions if not billions will be thrown out of work—I mean literally, physically thrown.” Continue reading.
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Romney's Flawed Lesson in Political Economy→
There are all sorts of qualifications that Romney should have mentioned before heaping forty-seven per cent of the population into the pile marked “dependency culture” and dismissing them…
John Cassidy Mitt Romney’s lack of clarity: http://nyr.kr/PxdBZG
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Seven Takeaways from Gawker's Romney Files→
Click-through for John Cassidy’s seven takeaways from the the nine hundred and fifty pages of internal financial documents from Bain Capital that Gawker released on Thursday: http://nyr.kr/PC7LrN
