Thursday, July 24, 2014

When Corporations Abandon Their Corporate Citizenship

Talk about not paying a fair share of taxes for the benefits received.  Some corporations who do most of their business in the US are scheming to "locate" in other countries to avoid taxes.

Norm Ornstein explains how in this piece from The Atlantic:

http://www.theatlantic.com/business/archive/2014/07/corporations-still-not-people/373889/

Condensed Guides to Inequality in the US

You might be one of the many who haven't the time or the inclination to read the latest best seller on the topic of how the economics game in the US is rigged in favor of the super rich.  If so, you might want to check out this summary by Nicholas Kristof:

http://www.nytimes.com/2014/07/24/opinion/nicholas-kristof-idiots-guide-to-inequality-piketty-capital.html

And if you prefer a humorous approach to the topic, John Oliver has just the thing for you in this video:

https://www.youtube.com/watch?v=LfgSEwjAeno

Tuesday, July 15, 2014

Monday, June 30, 2014

Because They Believe Our Country is More Important than Their Money


Did you know there's a group called Patriotic Millionaires?

They recently sponsored a lively discussion between economist and author Thomas Piketty and Senator Elizabeth Warren.  It's definitely worth watching.

http://www.youtube.com/watch?v=uEYAS5U5Wuk

I agree with Senator Warren: Inequality is not inevitable.  Right now the game is rigged for and by the super-rich.  But, we have our voices and our votes as leverage for change.

Saturday, June 28, 2014

How Big Money Endangers Democracy

This video by Robert Reich* recently came to my attention.  In 3 minutes, it provides the premiere example of how big money endangers democracy.

http://youtu.be/QJip9qX-Qy8

It's an easy way to get informed about this important issue.  You might want to take a look at Reich's YouTube videos on other topics such as raising the minimum wage, too.

* Robert B. Reich (currently a Professor of Public Policy at University of California at Berkeley) has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He also served on President-Elect Obama’s transition advisory board. He has written twelve books, including The Work of Nations, which has been translated into 22 languages; the best-sellers The Future of Success and Locked in the Cabinet,Supercapitalism, Aftershock and Beyond Outrage.

Tuesday, June 24, 2014

Raise the Minimum Wage - Advice to US from the IMF

There are steps Congress can take to counter the effects of an economic game that is rigged to favor the richest among us.
The International Monetary Fund is calling on our lawmakers to raise the minimum wage. Last week, the IMF issued their annual review of the U.S. economy, and they said that there is a lot more we can do to fight poverty. Our federal minimum wage puts us at number 11 on the list of developed nations, and our social safety net ranks even lower in comparison to other countries. We're the richest nation on Earth, yet we allow millions of people to remain in poverty. In addition to raising wages, the IMF says that tax credits that benefit low-income families should be permanently extended, and expanded to cover more Americans. The Earned Income Tax Credit and the Child Tax Credit are set to expire in 2017, despite the fact that they have the highest impact on low-income families. These recommendations could help lift millions of Americans out of poverty, but they both require that our broken Congress actually gets something done. Republicans refuse to listen to economists in our country, but maybe they'll take heed to the IMF's important advice.  (Source: transcript from "On the News with Thom Hartmann)
When we elect Representatives and Senators in November, let's throw our support behind candidates who will follow these recommendations - Democrats.

Friday, June 13, 2014

Why Inequality Matters

The CEO of one of the worlds richest banks, Lloyd Blankfein, was recently interviewed by CBS news and had this to say: “...too much of the GDP of the country has gone to too few of the people...If you grow the pie but too few people enjoy the benefits of it, the fruit, then you’ll have an unstable society.”

Read an analysis of the issue and watch a video of the full interview at the link. The income inequality comments are at 4:30 minutes into the interview.
http://thinkprogress.org/economy/2014/06/13/3448679/goldman-sachs-income-inequality/

It's important to vote for candidates who understand why inequality matters and will work to do something about it.