More on Inequality

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Economic Inequality Quotes

When you say fiscal responsibility, it seems to me that you really mean rich people keeping their money. —Alice Adams

I will always have enough money to last the rest of my life…as long as I don’t buy anything. —Ed Asner, Postal Press Association Conference, 8/2/03

Every year, the compensation representatives at the various plants were instructed to compute and estimate the Workmen’s Compensation costs [...]

Do the rich really pay an unfair share?

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Misconceptions and Realities About Who Pays Taxes

By Chuck Marr and Chye-Ching Huang || Updated September 17, 2012 || Center on Budget and Policy Priorities

Executive Summary

Close to half of U.S. households currently do not owe federal income tax.  The Urban Institute-Brookings Tax Policy Center estimates that 46 percent of households will owe no federal income tax for 2011. [1]   A widely cited figure [...]

The Truth About Taxes

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Basics

The income tax on individuals and the payroll tax, which is deducted from workers’ wages and used to help finance Social Security and Medicare, each made up about 40 percent of federal revenues in 2010. The federal government also collects revenue from corporate taxes, excise taxes, and other sources.

Policy Basics: - The Child Tax CreditThe 2001 and 2003 Tax CutsWhere Do Our Federal Tax Dollars Go?The Estate [...]

10 Things Republicans Don’t Want You to Know About Taxes

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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 [...]

Mitt Romney, Jon Stewart, and the Non-Existant War on Job Creators

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Mitt Romney has a habit of falling under the bus, not only for his delightfully out of touch with regular Americans ways, but also because of the line of work he was in before getting grandfathered into politics. Mitt Romney’s perception in the public is kind of adistillation of America’s strange relationship with wealth and work and nepotism.

And in an earlier post, one of our writers suggested that [...]

Inequality = Unhealthy Economy

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Why Economic Inequality is Not Good for the Economy

by ROB URIE

The nineteenth and twentieth centuries saw multiple discourses on the relationship between concepts of ‘truth’ and power—social, political and economic. The ‘view from nowhere,’ the rhetorical device of science and economics used to claim that truth exists in ‘the world’ outside of social relations has faced challenges from Marxian materialists, phenomenologists, cultural anthropologists and post-modern deconstructionists. It persists [...]

A Good Fight

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 || — By Robert Reich — September 19, 2011 ||

So the really big fight, perhaps the defining battle of 2012, won’t be over Medicare. It won’t even be over Obama’s jobs program.

It will be over whether the rich should pay more taxes.

The President has vowed to veto any plan to tame the debt that doesn’t increase taxes on the rich. The Republicans have vowed to [...]

Tax Day 2011: “The More You Make, the Less You Pay”

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by: Chuck Collins, Yes! Magazine |

At a time when federal and state lawmakers are grappling with huge budget deficits, the impact of corporate tax dodging is getting vigorous attention.

Public outrage is growing over reports that General Electric paid no taxes in 2010. Other global companies such as Boeing, Verizon, Bank of America also haven’t chipped in a dime to Uncle Sam.

At the center of the movement to change [...]

We Don’t Need to Shut Down the Government | Tax the Wealthy and Deadbeat Corporations to Close Budget Gaps

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If corporations and households with $1 million income paid at the same levels they did in 1961, the Treasury would collect an additional $716 billion a year. By Chuck Collins |

Before any government shutdown–or drastic state and federal budget cuts –we should reverse huge tax cuts for the wealthy and deadbeat corporations.

When you hear politicians lament that “we’re broke,” consider this fact: If corporations and households [...]

Why We Must Raise Taxes on The Rich – By Robert Reich

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It’s tax time. It’s also a time when right-wing Republicans are setting the agenda for massive spending cuts that will hurt most Americans.

Here’s the truth: The only way America can reduce the long-term budget deficit, maintain vital services, protect Social Security and Medicare, invest more in education and infrastructure, and not raise taxes on the working middle class is by raising taxes on the super rich.

Even [...]