or almost ten years now, the folks at Sojourners and other progressive evangelical outfits have been reminding us that “budgets are moral documents.” All well and good. I agree. But I will add that tax systems are at least as revealing, perhaps more so, when it comes to the ethical bearings of any state or […]
Jaime O’Neill: In Finland, they’ve initiated a program that grants a base level income for every citizen. It’s a bit of social experimentation that deserves planetary consideration.
Robert Reich: The rich aren’t overtaxed. The wealthiest 1 percent in the U.S. pay the lowest taxes as a percent of their income and total wealth of the top 1 percent in any major country.
Danny Feingold: “It’s not that the middle class has somehow shrunk or declined, it’s that the middle class is having a harder time over the last few decades getting ahead, and particularly ensuring that their kids do better than their parents.”
Robert Reich: Raising the debt ceiling is always a political football, used by whichever party is in the minority to extract concessions from the majority party or from the majority party’s president.
Robert Borosage: Here was the essential Trump, the confidence man, peddling a plan that does not yet exist on paper. Populist bluster was deployed to cover for what will be a one-percenter’s elixir.
Robert Borosage: The virtual unity of senate Democrats is impressive and important. But there is one glaring omission: Democrats did put corporate tax cuts inside their red line.
Richard Eskow: This budget is designed to serve the unbridled greed of the ultra-wealthy, offering them even more tax cuts and inflicting suffering on the least of us to do it.
Bobbi Murray: Community groups charge that general managers of city departments are dragging their feet in assessing vacancies and implementing the targeted local hire plan.
We need to start thinking outside the box, a Wall Street-imposed box that has trapped us in austerity and economic servitude for over a century.
Lawrence Wittner: The rise of the political Right, the adoption of pro-corporate public policies, and the decline of union strength have led to a situation in which the average CEO of America’s largest corporations has an annual income 347 times that of the average worker.
Sylvia Allegretto: While we can observe wages and employment directly in Seattle, we cannot observe how wages and employment would have evolved if Seattle had not implemented its minimum wage policies.
Ellen Brown: Higher interest rates will triple the interest on the federal debt to $830 billion annually by 2026, will hurt workers and young voters, and could bankrupt over 20% of US corporations, according to the IMF. The move is not necessary to counteract inflation and shows that the Fed is operating from the wrong model.