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 [...]
Posts Tagged ‘Income’
Weak Economic Recovery is Because of the Mal-Distribution of Income and Wealth
Posted in Uncategorized, tagged April 2012, Income, redistribution, unemployment on Jam5000000amFri, 04 May 2012 10:17:34 +000012 10, 2010 | Leave a Comment »
Why Are Teacher Cut Backs Coming? Blame Free Trade Agreements
Posted in corruption, culture, Economics, Economics, recession, education, free trade, George W. Bush, income redistribution, Politics, Recessions, the Rigged Game, trade, trade deficit, wealth redistribution, tagged class sizes, cut backs, Franklin High School, free trade treaties, George W Bush, Income, Jimmy Carter, job creation, jobs, oregon, Portia Hall, Portland, President, redistribution, reductions, Steve Duin, tax base, Teacher, teachers, Trans Pacific free trade agreement, Wall Street on Jam4000000amTue, 17 Apr 2012 10:19:30 +000012 10, 2010 | Leave a Comment »
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 [...]
How badly has wealth and income been redistributed by the US government over the last thirty years
Posted in corruption, Economics, Politics, Uncategorized, tagged Income, redistribution, United States, wealth on Jpm3000000pmFri, 02 Mar 2012 17:20:13 +000012 10, 2010 | Leave a Comment »
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 [...]
Obama’s budget includes job creating tax increases on the rich
Posted in Economics, Economics, recession, taxes, the Rigged Game, Uncategorized, tagged election year, Income, maldistribution, obama, Rich, the Rigged Game on Jpm2000000pmTue, 14 Feb 2012 13:37:02 +000012 10, 2010 | Leave a Comment »
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 [...]
U.S. set for fourth year in a row of $1 trillion-plus deficit According to the Congressional Budget Office
Posted in "Dow Jones", Economics, Economics, recession, Federal Reserve, Politics, the Rigged Game, tagged Congressional Budget Office, Deficit, Income, redistribution, trillion, United States on Jpm1000000pmTue, 31 Jan 2012 15:03:23 +000012 10, 2010 | Leave a Comment »
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 [...]
Globalization is the Ultimate Income Redistribution Scam
Posted in "Dow Jones", "John Hively", Economics, Economics, recession, Politics, the Rigged Game, Uncategorized, tagged Davos, Globalization, Income, redistribution, scam on Jpm1000000pmWed, 11 Jan 2012 15:57:27 +000012 10, 2010 | 1 Comment »
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 [...]
Obama Announces A New, Leaner, US Corporate Welfare Program for the Rich via the Military
Posted in Uncategorized, tagged Income, Leaner, Military, obama, redistribution, United States on Jpm1000000pmThu, 05 Jan 2012 13:57:21 +000012 10, 2010 | Leave a Comment »
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, [...]
Growing wealth widens distance between Corporate Drone lawmakers and real people
Posted in Uncategorized, tagged congress, corruption, growing, Income, lawmakers, maldistribution, United States, wealth on Jpm12000000pmThu, 29 Dec 2011 14:19:49 +000011 10, 2010 | 1 Comment »
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 [...]
Hey Rich Dummies! The Middle Class Grows the Economy While the Affluent Weaken It
Posted in Uncategorized, tagged 1 percent, 99 percent, Income, middle class, redistribution, Rich on Jpm12000000pmThu, 22 Dec 2011 13:44:28 +000011 10, 2010 | 1 Comment »
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 [...]
