Tax Billionaires, Save Lives: California’s Proposition 40 Is Met With a Heap of Meritless Objections
A one-time tax on the super wealthy is an important step toward greater equality.
"Mark to market" is one of those confusing terms that's been thrown around discussions of the finance meltdown. It's basically an accounting rule that means that a company has to put value certain assets on its balance sheet (in other words, to "mark") at what the market says their worth.
Steven Pearlstein at the Washington Post has a nice description of the term, why getting rid of it has become an obsession of the anti-regulation crowd, and a sensible proposal:
Read next
The AI Safety War in My Back Yard
In the contest between Micah Lasher and “AI guy” Alex Bores, is Bores a wolf in sheep’s clothing?
Assessing Bidenomics
Is the Biden administration’s economic policy a break with neoliberal orthodoxy, or more of the same?