No better way to end the work week than with a recent title written by one of our law professor colleagues or just so insightful it deserves a shout out. This week’s selection, my first, was released this month and fittingly is about tax law. It’s by Boston College Law Professor Ray Madoff and sports the lively title The Second Estate: How the Tax Code Made an American Aristocracy. Swiftly, cogently, and without needless invective, Professor Madoff explains why the U.S. Tax Code fails to place any meaningful tax burden on the wealthiest Americans. The main points include the ability of rich people to avoid income taxes by accumulating wealth without generating taxable income and to avoid the estate tax through a bevy of loopholes that survive because estate taxes have lost public support (death taxes, anyone?) You can learn more here: https://press.uchicago.edu/ucp/books/book/chicago/S/bo256019296.html Don’t miss it.




