Richard Eskow: Without any changes at all, Social Security would be capable of paying a majority of its current benefits … forever. That’s because it will continue to collect revenue forever (or at least the foreseeable future).
s California’s housing crisis worsens, the state’s allocation of $400 million for affordable housing is on life support. That’s because the $400 million was conditioned upon passage of Governor Brown’s housing “as of right” plan, and a labor, environmental and tenant coalition is battling the proposal without a backup plan to secure the desperately needed new […]
Richard Wolff: Many system-critics of today’s capitalism are focusing increasingly on an economic transition from hierarchical capitalist enterprise organization to enterprises organized more horizontally as democratic worker cooperatives.
Robert Reich: Even a one tenth of 1% transaction tax would raise $185 billion over 10 years according to the non-partisan Tax Policy Center.
RJ Eskow: It’s rare to see Trump put much effort into anything, so it was almost likable to watch him work so hard to read his speech from a Teleprompter. All that concentration! It was like watching a child learn to draw.
Richard Eskow: There’s a recovery going on, but a lot of people can’t feel it. The middle class is dying. Inequality is getting worse. Wages are stagnating. Labor force participation remains low.
Ellen Brown: The Japanese test case could finally resolve a longstanding dispute between monetarists and money reformers over the economic effects of government-issued money.
Bill Raden: At a time when the income chasm between California’s wealthiest and poorest residents continues to be one of the widest in the nation, 2016 might become a watershed year in California’s ongoing struggle to achieve income equity for the state’s nearly 4.8 million low-wage households.
Richard Eskow: Inequality interferes with economic growth, robs people of opportunity (and with it, hope), dooms millions to poverty or near-impoverished conditions, and offends that part of the human spirit that constantly searches for fairness and equality.
Richard Wolff: Capitalists’ incomes and wealth are determined by their particular, unique and superior contributions to production. In mainstream economic theory, capitalists are not just ripping off their employees.
Debra A. Varnado: Allowing Nurse Practitioners to have full practice authority could help meet the demand for primary care services under the newly enacted Affordable Care Act and Covered California.
Ellen Brown: Brexit could trigger a $500 trillion derivatives meltdown, by forcing the EU to allow insolvent member governments and banks to write down debt. Italy is in financial crisis and is already petitioning for that concession. How to avoid collapse of the massive derivatives house of cards? Alternatives are considered.
RJ Eskow: Although Tony Blair laments the failure of the “political center,” this didn’t happen because he and his colleagues failed. It happened because they succeeded.