Don’t-Raise-Taxes-on-the-Rich Crowd Getting Desperate

taxes

Robert Reich: In truth, the most important variable explaining the rise and fall of tax revenues as percent of GDP has been the business cycle, not the effective tax rate.

Why We Must Raise Taxes on the Rich

richest

Robert Reich: 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.

Why Inequality Matters

lawrnence strike 1912

Ann Robertson and Bill Leumer: The only alternative available to working people that offers real prospects for success are mass mobilizations in the streets and strikes – the kind of militant struggles that scored so many gains in the 1930s.

What’s at Stake in Tax-Cut Deal

tax cuts for rich

Norman Solomon: More than two weeks after President Barack Obama announced his decision to make a tax-cut deal with Republican leaders, the shock waves continue to buffet many Democrats and others who are stunned by the grim implications.

Why the Tax Deal Is an Abomination

Robert Reich: The deal the President struck with Republican leaders is an abomination. It’s larger than the bailout of Wall Street, GM, and Chrysler put together, larger than the stimulus package, larger than anything that’s come out of Washington in years. The president needs new advisors.

Now Greenspan Tells Us!

Whoops! My bad. Sorry. In effect, this is what former Fed chair Alan Greenspan is telling members of the House Committee of Government Oversight and Reform today by admitting he was wrong about unfettered free markets regulating themselves.

We’ve Invested in Wall Street, Now It’s Time to Invest in the Rest of America

The global economy has been put into the economic equivalent of a full nelson by a financial system threatening to collapse under the weight of a complicated pyramid scheme. The Bush administration sounded dire warnings and cobbled together a vaguely flushed-out rescue plan promising the injection of up to $700 billion of taxpayers’ dollars into [...]

Senate Plot-Plop, Fizz-Fizz

$700,000,000,000… oh what a relief, it is! With apologies to Alka-Seltzer, one chamber crawled out of the sandbox and reached an unpopular but bipartisan decision to save global credit markets last night as banks held a Russian Roulette pistol with six chambers full to our heads and yelled, “Stop me before I shoot.” Crisis over? [...]

Creating a Quality Economy, Part 2

Line Chart with Rats

By Mark Pash, with Brad Parker – Capitalism does significantly raise the standard of living but not for all and not enough for many. Therefore, it is up to government to take a more active role in the economy in order to overcome these flaws with as little hindrance as possible. In other words, one [...]

Creating a Quality Economy, Part 1

Batman Cartoon

by Mark Pash, with Brad Parker — The economic philosophy of the Progressive Democratic Party is designed to advance human commerce for the betterment of all, while protecting the business environment from itself and the government. Commerce is not perfect and is vulnerable to both human nature and the major flaws of capitalism.

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