Declines in government spending are holding back GDP growth at a time governments at all levels should be hiring to create jobs.
Recession or Depression? The FOMC expects current conditions to last at least until 2014.
Despite right-wing rhetoric to the contrary, the size of America’s governments has been shrinking for more than 35 years.
The economy isn’t in depression. It’s just you. It’s the Realonomy.
By defunding the IRS Congress has virtually eliminated the audit threat for the wealthy, in effect handing dishonest individuals a massive tax cut.
Twenty million Americans need jobs. Government regulation and government employment are key to putting them back to work. We must reregulate the realonomy.
Leaving aside the wealthy 1%, the other 99% Realonomy has been in recession for a dozen years or more.
At long last the jobs figures are improving — or are they?
Retail sales are up this holiday season in the top 1 percent plutonomy, but down in the realonomy where the other 99 percent live. And it’s not just the poor who are struggling. Even high-income, college-educated professionals have seen no income growth in over a dozen years.
Congress should stop playing politics with the payroll tax cut and make it permanent by extending Social Security taxes to everyone.
Posted in Inequality news Tagged Bush tax cuts, CEO pay, Deficits, inequality, Millionaires, progressive taxation, Social cohesion, tax avoidance, Tax cuts, tax fairness, Tax rates
All workers should pay Social Security taxes, including those with six, seven, and eight figure incomes.
Government workers are standing against a wave of austerity that threatens to swamp us all.
It’s time to tax and spend
If the United States were to update the way we measure poverty, we’d find that about 28 percent of American families of four are now living in poverty.
Here in the United States, corporations treat their workers as adversaries. Not so in Finland.
The MF Global Bankruptcy is bad news for MF Global’s employees, account holders, and creditors. Is it bad news for Jon Corzine?
Americans have long experience of companies cutting benefits, cutting wages, and trying to prevent workers from joining unions. Few workers in America have been hit harder than aviation workers.
As the economic news in the United States gets worse and worse every week, a lot of Americans are saying “at least we’re not Europe.” To read the press accounts, it sounds like Greece is plunging Europe into a second Great Depression. Greece is having trouble paying its debts, and many people are worried that […]
Posted in Inequality news Tagged Deficits, global inequality, Hedge funds, inequality, Millionaires, progressive taxation, public services, Social cohesion, tax fairness, Wall Street, worker compensation
Occupy Wall Street protests in lower Manhattan have struck at the heart of American corporate capitalism. What about Occupy Greenwich?