My grandfather (a 1917 Norwegian immigrant) frequently and proudly described himself as a socialist. When I asked him what he meant, he always pointed me to FDR, the New Deal, and his proposed Second Bill of Rights. And here we are again.
Readers Comments: Unhinged at UN; Jimmy Kimmel, Suing the Media, Attack on Free Speech; Recognition of Palestine Is a Big Deal; Take Action: Public Health Workers End Genocide in Gaza; Pressure on Sinclair and Nextstar; Pass a Millionaires’ Surtax;
With a new executive order and model state legislation criminalizing homelessness, the richest people in the U.S. are making it easier to lock up the poorest. Today in Washington, DC the order is out - lock up the unhoused.
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.
Dean Baker
Center for Economic and Policy Research
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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