Salvatore Babones: European Austerity: Who Should Pay?
Europe’s big banks and vulture hedge funds should pay the price for austerity, not government workers and the poor.
Articles by Salvatore Babones
Salvatore Babones: European Austerity: Following in America’s Footsteps
Europeans must decide whether their societies are to be governed by the people, for the people or by the market, for the market.
Salvatore Babones: Gun-Toting Vigilante Lunatics versus Tree-Hugging Bleeding Hearts
If only the three big forces of American politics would faithfully serve their constituents, the 2012 election could be about real choice. Instead we have Mitt Romney versus Barack Obama.
Salvatore Babones: Why the Jobless Recovery?
Economists will give you all sorts of answers based on technical factors, but in the end it all comes down to one word: inequality.
Salvatore Babones: When Did America Give Up on Progress?
It’s not popular today to stand up for the poor, the homeless, the addicted, or the imprisoned. But progress means progress for everyone. There’s no such thing as progress for a few.
Salvatore Babones: The Invisible Recession: How Forty Years of Stagnant Incomes Got Lost in the Shuffle
Would it be such a terrible thing if fast food workers got a twenty percent raise this year while executives took a pay cut? It’s not our economy that needs rethinking; it’s our ethics.
Salvatore Babones: Austerity is not the Answer; Employment is the Answer
Austerity is a political decision, not an economic one. It benefits the few at the expense of the many.
Salvatore Babones: Why Have Levels of Income Inequality Risen So Much?
The fact that the average American household today has an income of $50,000 instead of $100,000 can be attributed entirely to the fact that inequality has risen over the past four decades instead of declining.
Salvatore Babones: The Problem Isn’t Growth — The Problem Is Inequality
The US economy has been growing since July 2009. So why aren’t things improving in the US realonomy?
Salvatore Babones: Should We Reduce the Corporate Income Tax?
To keep corporate income taxes low, either we have to keep individual income taxes high or we have to cut back on government services. In other words, it’s corporations versus people. That’s not class warfare. That’s simple arithmetic.