Posts Tagged ‘ income inequality ’

Washington Post: (Not) spreading the wealth

June 20, 2011
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Washington Post: (Not) spreading the wealth

This morning’s Washington Post (6/20/11) features an article and series of charts “(Not) spreading the wealth” which nicely illustrate how America’s hijacked economy has funneled all of the wealth created by American workers’ productivity gains over the last 3 decades into pockets of the richest of the rich. Note that the graph above excludes capital…

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Stocks Are Up, Are You Feelin’ the Love?

May 14, 2011
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Stocks Are Up, Are You Feelin’ the Love?

Graph from The Haves and Have Nots of the Stock Market by Charles Hugh Smith. (H/T DylanRatigan.com) The stock market isn’t about building middle class wealth, and the middle class seems to have finally figured that out. The equity market is all about concentrating wealth and managing perception – if the top 10% is doing…

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How Ayn Rand’s Elite Were Like Lenin’s Elite

April 21, 2011
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How Ayn Rand’s Elite Were Like Lenin’s Elite

Like many Americans, I read The Fountainhead and Atlas Shrugged in high school. At the time, fueled by the invincibility of youth and daddy’s money, the black and white simplicity of Rand’s message appealed to me. I imagined myself to be one of her fiercely independent supermen. Then I grew up and learned the realities…

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We Have a Revenue Problem

April 16, 2011
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We Have a Revenue Problem

Take a good look at this graph of declining federal tax rates and pin it to the back of your mind during the upcoming budget/deficit debates. Source: VisualizingEconomics.com I’m not saying we don’t need to be careful about spending, but the line the Republicans are pushing, that we have spending problem, not a revenue problem,…

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President Obama Is Finally Talking Like a Democrat

April 15, 2011
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President Obama Is Finally Talking Like a Democrat

If the President’s actions match his words, there’s hope yet. Finally, finally President Obama has come off the fence in defense of core Democratic values. In his Wednesday (4/13) speech on the budget deficit, he laid out his general plan and didn’t pull any punches in pointing out that the Republican/Paul Ryan plan would make…

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Without Taxes America Will Disappear. Duh.

April 7, 2011
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Without Taxes America Will Disappear. Duh.

If we follow conservative tax cutting mania to its logical extreme, the United States of America will cease to exist. Whoosh, gone. Lights out. Ovva. Without revenue there is no government. Without government, our borders are open to any and all immigrants or invaders. Rule of law stops. Policing – other than walking the perimeter…

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Toppings For Bill Maher’s Pizza Analogy

March 22, 2011
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Toppings For Bill Maher’s Pizza Analogy

On his HBO show Real Time with Bill Maher (embed below),  Maher was talking about the massive income disparity perpetuated by the American economy. Say 100 Americans get together and order a 100 slice pizza. The pizza arrives, they open the box, and the first guy takes 80 slices…. And if someone suggests, “Why don’t…

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So You Think You’re Getting Screwed?

March 20, 2011
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So You Think You’re Getting Screwed?

Yep, You’re Getting Screwed. NEWSFLASH: If you earn your living in the form of a paycheck, rather than bonus, stock options, dividends and capital gains, America doesn’t work for you. PolicyGrinder.com Notes: Reaganomics took the country in the early 1980′s, has not let go after 30 years of failure. The Economic Policy Institute produced the…

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UNSPEAKABLE: 81% of Americans Would Tax Rich to Cut Deficit

March 19, 2011
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UNSPEAKABLE: 81% of Americans Would Tax Rich to Cut Deficit

When a Feb. 24 NBC/WSJ poll asked Americans to pick the top ways that they would tackle the U.S. deficit, 81% chose to add a surtax on income over $1 million. I repeat: 81% of Republicans, Democrats, tea partiers and independents said, “Tax the Rich.” Folks, you couldn’t get 81% of Americans to agree that…

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