The Paris Hilton Tax
What he said:
If the Estate Tax were to be repealed completely, the estimated savings to just one family — the Walton family, the heirs to the Wal-Mart fortune — would be about $32.7 billion dollars over the next ten years.
The proposed reductions to Medicaid over the same time frame? $28 billion.
February 22nd, 2007 14:23
This is an excellent contrast, for it highlights the injustice wrought by the neoliberal political and economic program.
For insightful critiques of neoliberalism, check out these books:
1) Global Shadows: Africa in the Neoliberal World Order by James Ferguson
2) Neoliberalism as Exception: Mutations in Citizenship and Sovereignty by Aihwa Ong
3) A Brief History of Neoliberalism by David Harvey