Tax cuts in the recent past have primarily benefited the richest sections of the American population, with more than a third of all Bush administration tax cuts benefiting the richest 1 percent, leaving barely 20 percent for the lowest earning 60 percent of the population. The rationale driving such tax cuts that overwhelmingly benefit the rich is that once the owners of capital have less of a tax burden, they can invest in the economy, thereby setting in motion dynamics that trickle benefits such as jobs and wages downward to the rest of the population.
M. Estellie Smith Award Anthropology lost a bright star in 2005, with the death of M. Estellie Smith. The Society for Economic Anthropology (SEA) will celebrate Smith’s intellectual contributions and commitment to learning with the new M. Estellie Smith Fund, thanks to the generosity of her husband and fellow anthropologist, Charles Bishop. The M. Estellie […]