Julia Ott, Associate Professor in the History of Capitalism and the co-director of the Robert L. Heilbroner Center for Capitalism Studies at the New School for Social Research and Eugene Lang College at the New School, writes for Dissent Magazine about how the tax code’s preferential treatment of capital gains reflects the fact that both Democrat and Republican policymakers have prioritized the interests of the wealthiest in recent decades, and she explores the historical reasons for it and its consequences in reinforcing white privilege and wealth accumulation for the elites.
Read it all here.
