Sunday, January 23, 2011

EFCA or taxes?

Many years ago as a young management labor attorney I subscribed to Mother Jones. That raised a few eyebrows at my first employer/law firm, but I found it very helpful to understand leftist and in particular pro-labor viewpoints found in the magazine. After all much of my work involved representing employers undergoing union organizing efforts. More than a few times the information derived from Mother Jones was helpful in providing advice to employers. Kevin Drum has an interesting piece in the online edition. He poses the question of what choice would employers make if forced to choose between passage of EFCA or a return to Clinton era tax rates on high income. He not only answers the question, he also provides compelling reasons for the choice. There is also a fascinating chart showing the distribution of wealth since 1979.