Robert Reich: All flat-tax proposals benefit the rich more than the poor for one simple reason: Today’s tax code is still at least moderately progressive. The rich usually pay a higher percent of their incomes in income taxes than do the poor. A flat tax would eliminate that slight progressivity.
Robert Reich: Without bold alternatives, Americans desperate for big solutions are attracted to bold crackpot ideas like Herman Cain’s “9-9-9” proposal, which would raise taxes on the poor and cut them for the rich.
Robert Reich: Eric Cantor, Paul Ryan, Rick Perry, Michele Bachmann and the other tribunes of today’s Republican right aren’t really conservatives. Their goal isn’t to conservative what we have. It’s to take us backwards.
Ellen Brown: California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage, by providing the credit needed to realize its potential.
Robert Reich: During periods when the very rich took home a much smaller proportion of total income — as in the Great Prosperity between 1947 and 1977 — the nation as a whole grew faster and median wages surged.
Walter Brasch: “There are four million words in the IRS Code,” said Marshbaum. “Lower-class and middle-class Americans get a few thousand of those words. The rest of the code is a roadmap to help the wealthy and their corporations avoid paying taxes.”
Seymour Slavin: Ultimately, the way to overcome the fog of misstatements is to bring the truth to the American people. Thus, the attack against public sector unions can be viewed in its true light—protect the super rich and disarm the voice of the people—the trade union movement.
Mark Dempsey: After having reduced taxes without reducing spending, the Republicans can now get Jerry Brown and the California Democrats to do the politically unpopular work of terminating programs that would otherwise be too popular to touch. It’s clever, but hardly non-partisan.
Carole Bartolotto: The problem with concluding that GMOs are safe is that the argument for their safety rests solely on animal studies. These studies are offered as evidence that the debate over GMOs is over. Nothing could be further from the truth.
Dan Bacher: Reservoir storage does not equate to water supply,” said Jay Lund, lead author of the report and director of the UC Davis Center for Watershed Sciences. “Reservoirs cannot supply water without a water supply to fill them first.”