Hey, wealthy readers, step right up

It’s time to soak the rich! [View in browser](~/AAAAAQA~/RgRfhKpJP4QTAWh0dHBzOi8vbWVzc2FnaW5nLWN1c3RvbS1uZXdzbGV0dGVycy5ueXRpbWVzLmNvbS90ZW1wbGF0ZS9vYWt2Mj91cmk9bnl0Oi8vbmV3c2xldHRlci9lNjc1MGNlNS0yNjk4LTQ1MDQtOTA5NC1mMDU3M2ZmYTRhMjYmdGU9MSZubD1uaWNob2xhcy1rcmlzdG9mJmVtYz1lZGl0X25rXzIwMTkxMDEyP2NhbXBhaWduX2lkPTQ1Jmluc3RhbmNlX2lkPTEzMDM5JnNlZ21lbnRfaWQ9MTc4MzcmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkNyZyZWdpX2lkPTc3Njc0OTUyVwNueXRCCgAfSSWiXeARLt1SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAA~~)|[nytimes.com](~/AAAAAQA~/RgRfhKpJP0SyaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) ~/AAAAAQA~/RgRfhKpJP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTYxOTkwJmxpPU5LJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1OS18yMDE5MTAxMlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~ [NYTimes.com/Kristof](~/AAAAAQA~/RgRfhKpJP0TIaHR0cDovL3d3dy5ueXRpbWVzLmNvbS9jb2x1bW4vbmljaG9sYXMta3Jpc3RvZj90ZT0xJm5sPW5pY2hvbGFzLWtyaXN0b2YmZW1jPWVkaXRfbmtfMjAxOTEwMTI_Y2FtcGFpZ25faWQ9NDUmaW5zdGFuY2VfaWQ9MTMwMzkmc2VnbWVudF9pZD0xNzgzNyZ1c2VyX2lkPWFhNDkxZWY3ZjFkOTY0ZTQ5NzlmYjc4NGU3NGUwMWQ3JnJlZ2lfaWQ9Nzc2NzQ5NTJXA255dEIKAB9JJaJd4BEu3VIbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAA) October 12, 2019 Warren Buffett, one of the richest men in America, understands who’s winning class warfare. Johannes Eisele/Agence France-Presse — Getty Images [Author Headshot](~/AAAAAQA~/RgRfhKpJP0TJaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vY29sdW1uL25pY2hvbGFzLWtyaXN0b2Y_dGU9MSZubD1uaWNob2xhcy1rcmlzdG9mJmVtYz1lZGl0X25rXzIwMTkxMDEyP2NhbXBhaWduX2lkPTQ1Jmluc3RhbmNlX2lkPTEzMDM5JnNlZ21lbnRfaWQ9MTc4MzcmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkNyZyZWdpX2lkPTc3Njc0OTUyVwNueXRCCgAfSSWiXeARLt1SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAA~~) By [Nicholas Kristof](~/AAAAAQA~/RgRfhKpJP0TJaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vY29sdW1uL25pY2hvbGFzLWtyaXN0b2Y_dGU9MSZubD1uaWNob2xhcy1rcmlzdG9mJmVtYz1lZGl0X25rXzIwMTkxMDEyP2NhbXBhaWduX2lkPTQ1Jmluc3RhbmNlX2lkPTEzMDM5JnNlZ21lbnRfaWQ9MTc4MzcmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkNyZyZWdpX2lkPTc3Njc0OTUyVwNueXRCCgAfSSWiXeARLt1SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAA~~) Opinion Columnist What could be a more infuriating statistic than this: Last year, for the first time on record, the 400 wealthiest households paid taxes at a lower rate than any other group of Americans. Grrrr! We have more than 100,000 kids who are homeless each night, suicides are at a post-World War II high — and Trump tax cuts have allowed billionaires to pay a new low in tax rates. That’s a statistic I use in [today’s column](~/AAAAAQA~/RgRfhKpJP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAxOS8xMC8xMi9vcGluaW9uL3N1bmRheS90YXhlcy13ZWFsdGgtcG92ZXJ0eS5odG1sP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) to plunge into an argument that there’s a rot in our system, resulting from the way immense wealth translates into great political power, which then multiplies both the wealth and the power — while exacerbating the suffering of those at the bottom. It’s legal corruption. Some people warn against “soaking the rich” and “class warfare.” But as Warren Buffett [has observed](~/AAAAAQA~/RgRfhKpJP0TcaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAwNi8xMS8yNi9idXNpbmVzcy95b3VybW9uZXkvMjZldmVyeS5odG1sP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~): “There’s class warfare, all right. But it’s my class, the rich class, that’s making war, and we’re winning.” Americans are understandably focused on the impeachment process, but let’s recognize that these are problems that predated President Trump and will outlast him. One way of tackling these broader problems is the tax code, and [my column argues](~/AAAAAQA~/RgRfhKpJP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAxOS8xMC8xMi9vcGluaW9uL3N1bmRheS90YXhlcy13ZWFsdGgtcG92ZXJ0eS5odG1sP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) that we’d be better off with a higher marginal tax rate on the very wealthy and also a small wealth tax of the kind that Senator Elizabeth Warren proposes — partly to finance high-quality preschool and other investments in human capital and American kids. “Soak the rich” sounds a bit harsh, and etymologically it derives from “sock it to” someone. I’m not in favor of socking anyone. But it’s ridiculous that people like Jeff Bezos pay a lower tax rate than a struggling family with several kids to feed. So should we soak the rich to help disadvantaged kids and make America a fairer and more equitable country? You bet! [Here’s my take](~/AAAAAQA~/RgRfhKpJP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAxOS8xMC8xMi9vcGluaW9uL3N1bmRheS90YXhlcy13ZWFsdGgtcG92ZXJ0eS5odG1sP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~)[.](~/AAAAAQA~/RgRfhKpJP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAxOS8xMC8xMy9vcGluaW9uL3N1bmRheS90YXhlcy13ZWFsdGgtcG92ZXJ0eS5odG1sP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) [My column](~/AAAAAQA~/RgRfhKpJP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAxOS8xMC8xMi9vcGluaW9uL3N1bmRheS90YXhlcy13ZWFsdGgtcG92ZXJ0eS5odG1sP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) draws partly on a book coming out next month: By M.I.T.’s Abhijit Banerjee and Esther Duflo, the incisive and illuminating “Good Economics for Hard Times” expertly guides the reader through issues like trade, automation and how best to help the needy. My copy is full of underlines and scribbled notes. ADVERTISEMENT ~/AAAAAQA~/RgRfhKpJP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTYxOTg3JmxpPU5LJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1OS18yMDE5MTAxMlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~ ~/AAAAAQA~/RgRfhKpJP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTYxOTg5JmxpPU5LJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1OS18yMDE5MTAxMlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~ ~/AAAAAQA~/RgRfhKpJP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTYxOTg4JmxpPU5LJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1OS18yMDE5MTAxMlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~ Nobel Peace Prize Congratulations to Abiy Ahmed, the leader of Ethiopia, on his Nobel Peace Prize. Abiy has introduced far-reaching democratic reforms within Ethiopia while also reaching out to negotiate peace with Eritrea. And he has been helpful in trying to bring peace to other countries including to South Sudan and Somalia. Ethiopia is an enormously important nation with more than 100 million people, and if it can be a beacon of peace and democracy in East Africa, the entire continent will benefit. Military Folly The Trump administration has announced plans to send an additional 1,800 troops to Saudi Arabia to help defend it against Iran. I just don’t get it. We are betraying our loyal allies the Kurds in Syria, pulling out troops so that the Kurds will be massacred and Russia, Syria and Iran can gain in the region — and meanwhile we’re adding troops in a country that is committing war crimes in Yemen and murdered a Washington Post columnist? Hello? What’s the logic? ADVERTISEMENT ~/AAAAAQA~/RgRfhKpJP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTI4ODA4JmxpPU5LJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1OS18yMDE5MTAxMlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~ ~/AAAAAQA~/RgRfhKpJP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTI4ODA5JmxpPU5LJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1OS18yMDE5MTAxMlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~ ~/AAAAAQA~/RgRfhKpJP0RtaHR0cHM6Ly9saXZlaW50ZW50Lm5ld3lvcmt0aW1lc2luZm8uY29tL2NsaWNrP3M9MTI4ODEwJmxpPU5LJm09YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcD1OS18yMDE5MTAxMlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~ Farmer Kristof I’ve occasionally mentioned our crises on the family farm in Oregon, as we convert part of it from cherry orchard to apple orchard and Pinot vineyard. [Here’s an article](~/AAAAAQA~/RgRfhKpJP4RDAWh0dHBzOi8vd3d3Lm9yZWdvbmxpdmUuY29tL2xpZmUtYW5kLWN1bHR1cmUvZzY2bC0yMDE5LzEwL2E0MTkxZjM3ZjM0Nzc1L29yZWdvbi13aW5lLWNpZGVyLXNjZW5lLWdhaW5zLWEtcG93ZXItY291cGxlLXB1bGl0emVyLXdpbm5lcnMtbmljaG9sYXMta3Jpc3RvZi1zaGVyeWwtd3VkdW5uLmh0bWw_dGU9MSZubD1uaWNob2xhcy1rcmlzdG9mJmVtYz1lZGl0X25rXzIwMTkxMDEyP2NhbXBhaWduX2lkPTQ1Jmluc3RhbmNlX2lkPTEzMDM5JnNlZ21lbnRfaWQ9MTc4MzcmdXNlcl9pZD1hYTQ5MWVmN2YxZDk2NGU0OTc5ZmI3ODRlNzRlMDFkNyZyZWdpX2lkPTc3Njc0OTUyVwNueXRCCgAfSSWiXeARLt1SG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAAA~~) about it in The Oregonian, mentioning our current headache: the deer trapped INSIDE our deer fence. Sigh. Now [here’s my column](~/AAAAAQA~/RgRfhKpJP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAxOS8xMC8xMi9vcGluaW9uL3N1bmRheS90YXhlcy13ZWFsdGgtcG92ZXJ0eS5odG1sP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) on why, with apologies to my most affluent readers, we should soak the rich! [Please read.](~/AAAAAQA~/RgRfhKpJP0TlaHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAxOS8xMC8xMi9vcGluaW9uL3N1bmRheS90YXhlcy13ZWFsdGgtcG92ZXJ0eS5odG1sP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) What I’m Reading My New York Times colleague Gail Collins, who is as funny and warm in real life as she is in her columns, has a new book out: [“No Stopping Us Now: The Adventures of Older Women in American History.”](~/AAAAAQA~/RgRfhKpJP0TraHR0cHM6Ly93d3cubGl0dGxlYnJvd24uY29tL3RpdGxlcy9nYWlsLWNvbGxpbnMvbm8tc3RvcHBpbmctdXMtbm93Lzk3ODAzMTYyODY1NDEvP3RlPTEmbmw9bmljaG9sYXMta3Jpc3RvZiZlbWM9ZWRpdF9ua18yMDE5MTAxMj9jYW1wYWlnbl9pZD00NSZpbnN0YW5jZV9pZD0xMzAzOSZzZWdtZW50X2lkPTE3ODM3JnVzZXJfaWQ9YWE0OTFlZjdmMWQ5NjRlNDk3OWZiNzg0ZTc0ZTAxZDcmcmVnaV9pZD03NzY3NDk1MlcDbnl0QgoAH0klol3gES7dUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAAAA~) Gail is herself unstoppable, and I’m looking forward to this newest of her books on American womanhood. 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