Unhappy Returns

January 27th, 2012 | Leave a comment

Stei120128

In F. Scott Fitzgerald's "The Great Gatsby," Nick Carraway observes that "the rich are different from you and me." Mitt Romney's tax returns confirm it. The rich have access to deductions, evasions, loopholes and favorable rates we working stiffs can only dream of. The absurd truth is that the wages earned by those of us who get paychecks from employers are taxed at the highest rate of any income. The lucky stiffs who run hedge funds and private equity firms get to take income as carried interest, whatever that means. In tax terms, it means they get to make lots of money for investing other people's money and have it taxed at obscenely low rates compared to what we working stiffs pay. Then there are the Cayman Islands accounts and Swiss banks. Show of hands, please. How many of you have Swiss bank accounts? I don't resent wealth; like most Americans, I aspire to it. What I deeply resent is a political system that jiggers tax law to favor the rich over the rest of us, feeding the income inequality that destroys opportunity and stagnates growth. The wealth disparity in America already rivals that of many Third World countries and our storied social mobility is rapidly becoming a fondly remembered relic of bygone days.

Recent Toons

Shining City

January 25th, 2012 | 2 Comments

Stei120126

I’ve noticed that as the primaries heat up, all the Republicans are channeling the sainted Ronald Reagan. In the last debate before the South Carolina vote, Mitt Romney used the famous “shining city on a hill” line, and Indiana Governor Mitch Daniels repeated it in his rebuttal to Obama’s State of the Union address. Somehow, [...]

Blocked

January 18th, 2012 | 3 Comments

Stei120119

It looks as though Congress, in the face of numerous protests, including the Wikipedia shutdown, is backing off passage of SOPA and PIPA, the laws which would have allowed the government to block or shut down websites suspected of posting pirated material. The laws, written on behalf of the film, music and publishing industries, had [...]

What They Did

January 12th, 2012 | 2 Comments

Stei120113

  Every once in a while, we cartoonists find a happy accidental convergence that makes for a fun cartoon. I came up with Romney’s line first, and the other two just fell into place. The historical irony here is that Al Gore never actually claimed to have invented the internet. He rightly took credit for [...]