States pay hundreds of thousands of dollars every year to keep each juvenile offender behind bars. A new report calculates that long-term costs of incarceration could add up to $21 billion annually.
Patrimonial capitalism—and the landed or urban gentry living off of inherited wealth—was dealt a mortal blow by the Great Depression and World Wars. But it's making a comeback, and the only way to stop it might be a worldwide tax on capital.
Projected revenue figures for Colorado on marijuana taxes have been revised up and up and up, and Governor John Hickenlooper plans to put almost all of that money toward public health and addiction prevention programs.
A tiny fee charged to the biggest banks could generate hundreds of billions of dollars every year for social services, but what effect would it have on Wall Street?