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Posts Tagged ‘Income’

The US unemployment rate fell to 8.1 percent in April as the economy created a modest 115,000 jobs, official figures showed Friday, the eve of President Barack Obama’s maiden reelection rally. Despite the meager job creation, the Labor Department data showed unemployment at the lowest level in over three years. But the report will do [...]

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The Oregonian writer Steve Duin wrote a nice piece about teacher cutbacks at Franklin High School coming in the next few months. He only told the effects, and I asked him to write about what has caused these cutbacks. Below is a link to his well written column, and below that is my response. At [...]

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How unequal is the redistribution of income and wealth in US? The Guardian of the United Kingdom has posted the story and animated the key data – see what it says. But before you begin, let it be stated unequivocally; income and wealth distribution is primarily brought about by the golden rule of politics. He [...]

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Let’s get one thing right now. Tax cuts for the rich destroy jobs. I show how this is so in my book, The Rigged Game. Obama has decided to raise the taxes of the wealthy. That means they’ll have less income with which to pressure CEO’s to offshore middle class jobs; it means they’ll have [...]

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The United States isn’t heading for a economic disaster, not yet anyway since were still in one, but it is heading toward another trillion dollar deficit. You’d think the folks in Washington would figure out that redistributing income and wealth from productive working people to the unproductive parasites of the affluent class reduces the demand [...]

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The economy is tanking in the long term, and barely holding stable in the short-term. The Republicans plan to enact more of the same policies that they’ve been doing for the last thirty years, and that has brought us to this disastrous point in history. Here’s the dirty little secret. Obama plans the same thing. [...]

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By now it’s obvious globalization has just been a way to redistribute income from those who work for a living to the rich. The corporations of the rich send jobs from higher wage nations to the lowest wage countries, and the difference between the old wages and the new is pocketed by the rich. It’s [...]

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The US has the most bloated, corruption inspired military in the world. It’s a massive welfare and income redistribution program for rich people. Every missile built represents profit for the one percent. Likewise, every soldier killed represents profit for the one percent. When that soldier dies, or is maimed and unable to kill effectively anymore, [...]

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BUTLER, Pa. — One day after his shift at the steel mill, Gary Myers drove home in his 10-year-old Pontiac and told his wife he was going to run for Congress. The odds were long. At 34, ­Myers was the shift foreman at the “hot mill” of the Armco plant here. He had no political [...]

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The demand for goods and services creates jobs and nothing else matters, more or less. That’s why the middle and lower classes, or as we like to say, the 99 percent, are the jobs creators. The rich are the job destroyers. That’s why thirty years of trickle down economics has gotten us into another Republican [...]

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