There are good and bad ways to make the wealthy pay more tax. Here's our guide to soaking the rich. Effectively. (Clue: The answer is not a 50% top rate of income tax) http://econ.st/1zkZFN2#econarchive
Unlike tangible commodities like T-shirts or plastics, most digital content doesn’t generate much new demand as its price falls toward zero. Even with no admission fee, videos, blog posts and online games soak up users’ time, and time has a hard limit.
A Defining Moment for Treasury Secretary By JACKIE CALMES
Questions about why Timothy F. Geithner did not know sooner about the A.I.G. bonuses and act to stop them could threaten the president's economic agenda.
Exceedingly rare in the blood-soaked history of Amazon exploration, Hemming’s attempt to end the centuries-old cycle of violence has become one of the defining moments of his career. In the nearly 50 years that have followed his first, ill-fated expedition, he has become a powerful advocate for the rain forest and, even more, for its native inhabitants.
defining moment noun [C]
the point at which a situation is clearly seen to start to change:
The end of the Cold War was a defining moment for the world in more ways than one.
soak (MAKE WET) Show phonetics
1 [I + adverb or preposition; T] to make very wet, or (of liquid) to be absorbed in large amounts:
The wind had blown the rain in and soaked the carpet.
You'd better wipe up that red wine you've spilt before it soaks (= is absorbed) into the carpet.
Blood had soaked through both bandages.
2 [I or T] to leave something in liquid, especially in order to clean it, soften it, or change its flavour:
You can usually soak out a stain.
Leave the beans to soak overnight./Let the beans soak overnight.
Soak the fruit in brandy for a few hours before you add it to the mixture.
soak Show phonetics
when something is put into a liquid for a long period of time:
Most dried beans need a soak before they're cooked.
Showers are all right but there's nothing like a good long soak in the bath.
soaked Show phonetics
I'm going to have to take these clothes off - I'm soaked to the skin!
My shoes are soaked (through).
His T-shirt was soaked in sweat.
soaking Show phonetics
It's so hot outside - I've only been walking ten minutes and my shirt is soaking (wet)!
soak up1. Absorb, take in, as in I lay there, soaking up the sun, or She often went to hear poets read their work, soaking up every word. This usage, alluding to absorbing a liquid, dates from the mid-1500s.
2. Drink to excess, as in She can really soak up her beer.