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governance

Upstairs Subsidies: Bailouts, Class, and the American Idea of Capitalism

In U.S. crises, public money moves fastest through pipes that already exist for capital. Banks receive oxygen in hours; households receive forms. The result is a recovery that tilts upward. This essay maps the architecture of those upstairs subsidies, the class and political consequences, and a.

Jan 28, 202622 min

governance

The Vanishing Rungs: How U.S. Taxes Tilted, Why Inequality Grew, and What to Fix (1970s → 2025)

A good tax code is a ladder you can climb and a floor you can stand on. Since the 1970s, we've quietly shaved rungs off the ladder at the top—capital income taxed more gently, corporate rates falling—and replaced them with tacks on the floor. This essay maps that drift with numbers, not slogans,.

Sep 29, 202520 min