By Avenging Angel
Tax Day 2012 has been a busy one for the propagandists of the Republican Party. After the GOP successfully filibustered the Buffett Rule in the Senate, House Speaker John Boehner claimed that Republicans are “listening to the American people.” Of course, what Boehner, Mitch McConnell, Mitt Romney and their allies don’t mention is that the Democratic proposal to implement a minimum 30 percent tax [...]
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Wealth inequality can be described as the unequal distribution of assets within a population. The United States exhibits wider disparities of wealth between rich and poor than any other major developed nation.
We equate wealth with “net worth,” the sum total of your assets minus your liabilities.
Examples of assets: checking and savings accounts, vehicles, a home that [...]
By: Gretchen Morgenson, The New York Times
Some people say it doesn’t really matter how much companies pay their executives, at least as far as the shareholders are concerned. Whether investors prosper depends on the executives’ management skill, not on penny-ante items like pay, this argument goes.
To this, Albert Meyer, a money manager at Bastiat Capital in Plano, Texas, responds with a resounding “phooey.”
Executive pay is not [...]
For the past thirty years the rich have been waging war on the middle class. It’s been astonishingly effective, partly because it has been undeclared. But even that pretense is now being abandoned. The President’s National Deficit Commission has effectively declared that the rich will now go after what is left of working and middle class wealth and will take whatever steps are necessary to seize it. If [...]
Many of us have been struck by the huge increase in income inequality in the United States in the past thirty years. The rich have gotten much richer, while just about everyone else has had very modest income growth.
Some dismiss inequality and focus instead on overall growth — arguing, in effect, that a rising tide lifts all boats. But assume we have a thousand boats representing all [...]
After weeks of enormous demonstrations in Wisconsin, Ohio, Indiana as well as other states, people from all walks of life challenged Republican governors attempting to weaken workers’ rights. Union activists protested across the country on April 4 in what they called “We Are One” rallies. Over 1,000 protests, teach-ins and other events marked the day 43 years ago when Dr. Martin Luther King Jr. was assassinated in Memphis, [...]
When I was a small boy I was bullied more than most, mainly because I was a foot shorter than than everyone else. They demanded the cupcake my mother had packed in my lunchbox, or, they said, they’d beat me up. After a close call in the boy’s room, I paid up. Weeks later, they demanded half my sandwich as well. I gave in to that one, too. [...]
I was there in 1995 when the government closed because of a budget stalemate. I had to tell most of the Labor Department’s 15,600 employees to go home and not return the next day. I also had to tell them I didn’t know when they’d next get a paycheck.
There were two shutdowns, actually, rolling across the government in close succession, like thunder storms.
It’s not the way [...]
APR 8, 2011 10:01 EDT | Reuters |
Now that federal budget wars are threatening an adult-sized time-out for the principals involved, it’s a good time to examine what’s at stake for most of America.
Not doing anything to reduce the size of government debt will be catastrophic. Not much quibble there. But acting hastily and cutting the wrong things can be even more costly [...]
By Robert Scheer
April 06, 2011 “TruthDig” — A “working class hero,” John Lennon told us in his song of that title, “is something to be/ Keep you doped with religion and sex and TV/ And you think you’re so clever and classless and free/ But you’re still fucking peasants as far as I can see.”