Democratic decline and inequality are not inevitable. But if restoring broad prosperity and social stability are the goals, they may require revisiting the New Deal-style policies.
Stock buybacks. Sales taxes. Loopholes. ... Let's count the ways that tax reforms to benefit the rich and big corporations have exacerbated inequality and drained resources from funding vital public programs.
Unprecedented wealth concentration – and the unbridled power that comes with it – distorts our democracy and drives societal and economic tensions. The Five & Dime tax would would break up concentrated wealth and generate substantial new revenue.
We won progressive taxes in our state by showing people just how unjust our tax code was. Other states can follow.
Economists have seriously failed the public in important areas over the last three decades. And these failures played a role in fostering the upward redistribution of income over the last four decades. People have a right to be angry.
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What is more wasteful, honestly, than giving huge tax breaks to people who don’t need them?
The outgoing president was right, in his farewell address, to warn of the dangers posed by the billionaires around the table
It is the purpose of this article to relate how this creeping stagnation has added its own force in contributing to the monopoly power associated with consolidation and to current wealth disparities.
The rich are growing astronomically richer while poverty reduction has ground to a standstill. In today’s world of widespread poverty and unprecedented wealth, how about raising the wages of the most poorly-paid workers?
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