Robert Reich: Wealth percolates upward from working people who are adequately educated, healthy, sufficiently rewarded, and who feel they have a fair chance to make it in America.
Robert Reich: Now that Mitt Romney is the presumed Republican candidate, it’s fair to ask how he made so much money ($21 million in 2010 alone) and paid such a low tax rate (only 14.9 percent).
Robert Reich: I have never been as concerned as I am now about the future of our democracy, the corrupting effects of big money in our politics, the stridency and demagoguery of the regressive right, and the accumulation of wealth and power at the very top.
Robert Reich: We’ll avoid a double-dip, but the most likely scenario in coming months is a continuation of the same – an anemic jobs recovery.
Robert Reich: The Romney-Ryan plan, by the way, is the most radical reverse-Robin Hood proposal propounded by any political party in modern America.
Robert Reich: In the most recent Mega Millions game – whose winning tickets were drawn last week and whose jackpot rose to $640 million – lottery ticket buyers shelled out some $1.5 billion, most of which went to state governments.
Robert Reich: The reverse-Robin Hood budget plan just announced by Paul Ryan and House Republicans (and endorsed by Mitt Romney) would make the lopsidedness far worse – dramatically cutting taxes on the rich and slashing public services everyone else depends on.
Robert Reich: With a bit of political jujitsu, the President could turn any such defeat at the Supreme Court into a victory for a single-payer healthcare system – Medicare for all.
Robert Reich: There will be too many videos of Willard “Mitt” Romney during the primary saying things that were designed to appeal to increasingly far-right, far-out GOP primary voters – but will strike most Americans as bizarre if not despicable.
Robert Reich: It doesn’t even matter that the new Republican tax cut plan would probably raise taxes on many lower-income Americans, All that matters is the headlines.
Robert Reich: If you took the greed out of Wall Street all you’d have left is pavement. The problem is endemic abuse of power and trust.
Robert Reich: Although the nation is now producing more goods and services than it did before the slump began in 2007, we’re doing it with six million fewer people.
Robert Reich: Public higher education has been the gateway to the middle class but that gate is shutting – just when income and wealth are more concentrated at the top than they’ve been since the 1920s, and when America needs the brainpower of its young people more than ever.