Tag: tax the rich

  • Passing the Buck: Why We Pay More But Make Less Part 7: Phone and Internet

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    Part 7 of Passing the Buck, a 15-part series on why we make less but pay more. This installment is about phone and internet service, which has become the cleanest example in modern American life of what happens when a utility-style market is allowed to deregulate into an oligopoly. It is the most unavoidable monthly…

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    Even that’s Odd

  • Passing the Buck: Why We Pay More But Make LessPart 5: The Auto Trap

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    Part 5 of Passing the Buck, a 15-part series on why we make less but pay more. The first four installments traced cost shifts inside relatively well-defined transactions — wages versus productivity, employer-to-worker benefit transfers, overdraft fees, credit card interest. This one is harder, because the cost being passed to households is built into the…

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    Even that’s Odd

  • Passing the Buck: Why We Pay More But Make Less. Part 4: Credit Cards

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    Part 4 of Passing the Buck, a 15-part series on why we make less but pay more. Part 3 looked at the overdraft side of consumer banking. This one looks at the other side of the same relationship — the credit card. Most of the largest credit card issuers in the United States are also…

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    Even that’s Odd