Robert Reich: the President explained why the way to create more jobs and to get the economy back on track is to strengthen the middle class, in sharp contrast to Romney’s trickle-down redux.
Kim Tso: I based my analysis on one simple principle: Children should not be made to pay for the mistakes of grown-ups. With that in mind, this is what I decided.
Robert Reich: omney admits to an income of over $20 million a year for the last several decades. Which makes his 13 percent — or even 20 percent — violate the principle of equal sacrifice that lies at the core of our notion of tax fairness.
Steve Hochstadt: One obvious conclusion is that high, even very high tax rates on the wealthiest taxpayers do not impede economic growth.
Michele Waslin: If all unauthorized workers in the Houston region were legalized and they and their employers paid Social Security, Medicare, unemployment insurance, and federal income taxes, additional tax revenues would exceed $1.4 billion.
Robert Reich: The First Amendment is being stood on its head. Money speaks, and an unlimited amount of it can now be spent bribing and cajoling politicians. Yet peaceful assembly is viewed as a public nuisance and removed by force.
Robert Reich: Democrats should propose eliminating payroll taxes on the first $20,000 of income, and making up the revenue loss by applying payroll taxes to incomes above $250,000.
Whoops! My bad. Sorry. In effect, this is what former Fed chair Alan Greenspan is telling members of the House Committee of Government Oversight and Reform today by admitting he was wrong about unfettered free markets regulating themselves.
The global economy has been put into the economic equivalent of a full nelson by a financial system threatening to collapse under the weight of a complicated pyramid scheme. The Bush administration sounded dire warnings and cobbled together a vaguely flushed-out rescue plan promising the injection of up to $700 billion of taxpayers’ dollars into […]
By Mark Pash, with Brad Parker — Capitalism does significantly raise the standard of living but not for all and not enough for many. Therefore, it is up to government to take a more active role in the economy in order to overcome these flaws with as little hindrance as possible. In other words, one […]
by Mark Pash, with Brad Parker — The economic philosophy of the Progressive Democratic Party is designed to advance human commerce for the betterment of all, while protecting the business environment from itself and the government. Commerce is not perfect and is vulnerable to both human nature and the major flaws of capitalism.