If world’s big corporations prefer to sit on trillions of dollars in order to avoid paying taxes, let them. If they won’t invest, we should.
How can sales of super-luxury cars grow at super-fast rates during a recession? The answer is simple: it’s not a recession for everyone.
Call it vote-buying if you want, but when a government effectively buys the votes of 80 or 90 percent of the population, I call that government of the people, by the people, for the people.
How can things be so much worse now when the economy is essentially in the same place it was five or six years ago? The answer in two words is: Rising inequality.
In the real economy – the place where the 99% live and work – it’s hard to take Mitt Romney’s plan seriously; but let’s try to make sense of it anyway, unhindered by logic, arithmetic or the laws of time, space and gravity.
Real national income has grown in every quarter since July 2009. The problem isn’t a lack of growth. The problem is where that growth is going.
America has finally started talking about a financial transactions tax on Wall Street. But in the post- Citizens United era of unlimited corporate campaign spending, expect corporate dollars to trump the public good.
Median household income fell more than 6% in the last decade, yet national income per household grew 6%. Where did all that money go?
The fundamental problem in the eurozone isn’t Greek debt or Spanish banks. It’s low German wages.
Economists will give you all sorts of answers based on technical factors, but in the end it all comes down to one word: inequality.