Iwan Morgan: Trump’s claim that substantial tax cuts, largely skewed towards the wealthy, will kick-start the US economy on the road back to greatness should also be treated with skepticism.
Robert Reich: In a society of widening inequality, the winners are often wealthier than the losers, so even if they fully compensate the losers, as the winners gain more ground, the losers may feel even worse off.
Robert Reich: Apple is America’s most profitable high-tech company and also one of America’s biggest tax cheats. It maintains a worldwide network of tax havens to park its global profits, some of which don’t even have any employees.
Joseph Palermo: Mylan’s price gouging has nothing to do with the costs of “research and development” or supply and demand. This obscene price hike is nothing more than a “rent,” pure and simple. Mylan is extorting Americans who depend on the drug because it can.
Hannah Petrie: I couldn’t call myself an affordable housing advocate if I became a supplier of short-term rentals. If we ever do soup up the carriage house it will be so someone can call it home.
Steve Hochstadt: Palaces require much more than personal wealth. Russian emperors used funds they collected from millions of Russian peasants to construct homes that spoke of their unearthly power.
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.