We face a second insurrection today, and most people have no idea how closely it’s modeled on the first one. The new GOP motto might as well be, “We don’t need no stinkin’ issues; we just want power and revenge for the heroes of the Old South.”
Not on this planet. The wealthiest of our wealthy, a just-released report from Americans for Tax Fairness points out, are doing their best to keep these good times — for America’s rich — rolling.
The inflation panic is causing some Democrats to pivot from social spending to deficit reduction. That’s exactly the wrong approach.
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Biden is not going to quadruple anybody’s taxes, but he will increase the tax burden on the very rich. The richest 5 percent of taxpayers would bear almost the entire burden of Biden’s plan, which would raise $2.8 trillion over the next decade...
Billions are going to zillionaires under the guise of pandemic relief. While President Trump and his allies in Congress seek to tighten access to food stamps, they are showing compassion for one group: zillionaires.
Michael Bloomberg has already spent more of his own money than Trump or Tom Steyer. He’s making a joke of our democracy – and Democrats should be appalled. Some Democrats, are inviting him on the debate stage.
Our country's greatest failing, the true disaster, of our time: the scourge of growing inequality, economic and political. It is despicable as the very wealthy convert their financial might into political power to guard that wealth while exacerbating inequality further. This is the vast difference between a society whose arrangements serve all its citizens or one whose institutions have been converted into a stupendous fraud - democracy in name only.
The typical millionaire receives about $145,000 in public tax benefits, while working families get a grand total of $174 on average. In 2043, minorities will be the majority and the will have doubled. The lingering effects of generations of discriminatory and wealth-stripping practices have left black and Latino households far behind white families, and may impact their economic trajectories in the decades to come.
When you dare to do big things, big results should be expected. The Sanders program is big, and when you run it through a standard model, you get a big result. - James K. Galbraith (former Executive Director of the Joint Economic Committee - the congressional counterpart to the CEA). Paul Krugman in The New York Times has attacked Sanders' economics. Here a number of prominent economists respond, showing how big a change the proposals actually are. They are HUUUGE.
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