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inequality
Posts tagged as: inequality

If Your Boss Makes Millions, It’s Not Because of the ‘Market’

| August 23, 2018

On average, America’s CEOs make 312 times what their workers take home — and that has nothing to do with supply and demand. Simply put, markets don’t set executive pay. Board rooms do.

No Love for Working Families This Valentine’s Day

| February 13, 2018

A secretary gets an extra $1.50 a week from the GOP tax bill. The Koch brothers get an extra $27 million (minus a $500,000 thank-you note that went to Paul Ryan’s re-election committee).

Not To Worry, Estate Planners: Help For Struggling Millionaires Is On The Way

| December 28, 2017

The estate tax was just slashed to exempt millionaire families up to $22 million, a doubling of the previous exemption, which had covered 99.8 percent of taxpayers.

3 Reasons The Trump Tax Plan Is a Disgrace

| December 17, 2017

Robert Reich’s three-step guide on the rubbish of the Trump-Republican tax plan for when you confront your Republican Uncle Bob during the holidays.

What You Should Know About Trump’s Rollback Of Contraception Coverage

| October 7, 2017

The rules will make sweeping changes to the law’s requirement that most employers provide coverage of birth control with no out-of-pocket costs to women.

Franklin D. Roosevelt’s Second Bill of Rights: For Workers

| September 4, 2017

At the end of his last State of the Union message to Congress in 1944, Franklin Delano Roosevelt outlined an ambition plan for a “Second Bill of Rights” to ensure “”economic security and independence.”

Upwards Mobility Bunk: Don’t Lie to Poor Kids About Why They’re Poor, And Will Stay Poor

| August 6, 2017

What happens when children born into poverty run face first into the crushing reality that the society they live in really isn’t that fair at all? Hard work has nothing to do with it.

In Some States, Sales Tax Holidays Lose Luster as Hype Overshadows Cost

| August 6, 2017

Tax holidays don’t increase buying but merely concentrate it around specific dates. They’re regressive. They’re more political than useful: in Florida, the Legislature turned down Gov. Scott’s request for 10 days.

There’s No Good Reason for Your Boss to Make 347 Times What You Do

| July 11, 2017

It’s business executives through outsized CEO pay — not movie stars, professional athletes, or heiresses — who grabbed the dollars that once flowed to the American worker.

Trump On Your Side? Repealing Obamacare Is a Tax Break For Rich at Poors’ Expense

| January 24, 2017

If Obama’s health law is reversed, taxes will go down for the rich and up for the poor, while millions lose coverage. It is redistribution for the wealthy.

The American Dream, Canada-Bound

| July 31, 2016

Our country has historically prided itself on being a socially mobile society, where your ability is more important than the race or class you’re born into. Not anymore. If you forgot to be born into a wealthy family, you’re better off today living in Canada or Northern Europe.

Give Tax and Spend a Chance

| April 15, 2016

The astonishing momentum of Bernie Sanders’s presidential candidacy reveals that millions of taxpayers are willing to entertain the idea that some of us aren’t taxed enough, and that it’s hurting the rest of us, argues Isaiah J. Poole.

Hillary Clinton’s $675,000 Paean to Marie Antoinette, and Goldman Sachs

| February 11, 2016

Hillary Clinton’s instinct for secrecy keeps getting her in trouble, while the sense of entitlement that she projects through her tone-deaf explanations betrays a lack of connection with the very people she claims to represent most.

Inequality in the Age of Uber

| October 31, 2015

For fairness as well as for efficiency reasons, rights and benefits should be attached to individuals, not to companies or employment status, and should be fully portable across sectors and jobs.

Why You’re Getting Poorer: iPhones Aren’t The Economic Engine Cars and Electricity Were

| August 31, 2015

Robert Gordon argues rising standards of living brought by cars, indoor plumbing and electricity can;t be replaced by iPhones and the internet. Martin Feldstein disagrees.

Millionaires Make Up Nearly One-Third Of the Florida Legislature, More in Senate

| July 13, 2015

Almost half of the Florida Senate is in the millionaires club, and more than two dozen senators saw their net worths grow in the past year.

Rick Gets Richer: Governor’s Net Worth Climbs $14 Million in 2014, Padded By Blind Trust

| July 1, 2015

Scott, who reportedly spent $13 million last year on his re-election, stated he generated $9.8 million last year from his blind trusts. Unlike last year, however, Scott did not disclose the assets of the blind trust in the most recent report.

Disney’s CEO Makes $248 a Minute as Some of His Employees Go Homeless on $8.03 an Hour

| July 1, 2015

Even after a raise to $10 an hour, Disney employees can only expect to take home about $20,000 over the course of a year, not enough to live decently in Orlando. A $15-an-hour wage is more critical, argues Scott Klinger.

Guilty of Being Poor: Across the Nation, Courts Shake Down the Destitute

| April 2, 2015

From fines targeting the poor to civil asset forfeiture, courts have mounted odious means of seizing cash and property from people not charged with any crime and who can’t afford legal defense.

Scott’s Magical ‘Tax Cut Calculator’ Obscures Nation’s 2nd Most Unfair Tax System

| March 26, 2015

As Gov. Scott touts minor tax cuts for consumers, you could ask why that $43 a year saved on the cable bill compares so unfavorably with the $3-4 billion in corporate tax evasion he and his legislative allies let Florida’s biggest, most profitable businesses get away with each and every year, writes Daniel Tilson.

Visit Florida: Ferguson’s Seethe Is a Matter of Time for the Sunshine State

| August 21, 2014

Rose-colored Florida is a cynical myth, the stuff of marketing brochures, a developers’ conspiracy of enticing fiction to make their cash registers ring. The real Florida is a bitter, brooding reality beyond sugarcoating, argues Stephen Goldstein.

Hiding Behind Barricades of Indifference as Income Disparities Corrode the Social Contract

| May 25, 2014

The very rich, who are already less and less in touch with the lives of ordinary Americans, will further barricade themselves to avoid having to witness the decline of a country that is no longer about ensuring a decent standard of living for the greatest number of people.

Martin Luther King’s Nightmare: The Inequality Behind Forbes’ Richest 400

| January 19, 2014

The net worth of just 400 billionaires is on par with the collective wealth of our more than 14 million African- American households. Both groups possess some $2 trillion, about three percent of our national net worth, an economic injustice Martin Luther King would have decried, argues Bob Lord.

At Public Universities, More Aid Is Going To the Wealthy Than to The Neediest

| September 15, 2013

Attention has long been focused on the lack of economic diversity at private colleges, especially at the most elite schools. What has been little discussed is how public universities, which enroll far more students, have gradually shifted their priorities — and a growing portion of their aid dollars — toward wealthier students.

“Junk Health Insurance,” Favored by Retailers and Restaurants, Will Survive Obamacare

| August 26, 2013

Reform was supposed to do away with bare-bones health plans that could leave consumers who become seriously ill on the hook for tens of thousands of dollars in medical costs. It won’t, as plans with limited benefits may continue to be offered by some large businesses, especially those with low-paid workers such as restaurant chains and retailers.

Federal Government Approves Florida’s Medicaid Overhaul, Shifting Millions to HMOs

| June 17, 2013

The announcement was a victory for Gov. Rick Scott and Republican lawmakers who approved the proposal to move to statewide Medicaid managed care in 2011, amid controversy about whether the changes would best serve the needs of low-income Floridians.

Florida Senate Kills Obamacare’s Medicaid Expansion, But 3rd-Way Alternative Remains

| March 12, 2013

Florida lawmakers say they want to pursue an alternative plan, possibly expanding Healthy Kids, that would use federal money to help uninsured low-income people get coverage through private insurers. Democrats are not entirely opposed.

Obama II

| January 21, 2013

Far from a dud, as these second inaugurals tend to be, Obama’s today was bracing in its realism, and hopeful, ironically, for having finally shed the imagery of hope for hope’s sake, replacing it with an agenda for equality, little heard of since the days of the New Deal and the Great Society.

Florida’s Doctors Are Nation’s 3rd Worst When It Comes to Accepting Medicaid Patients

| August 7, 2012

Only 59 percent of doctors in Florida accept accept new Medicaid patients, well below a national average 69 percent. Better reimbursements would improve both rates, but that’s not about to happen in Florida, which is rejecting increased federal aid.

We Don’t Need Another Payroll Tax Cut

| December 15, 2011

We can all afford less tax coddling and more fiscal responsibility. But don’t expect to hear that from allegedly conservative Republican and our blandly, irresponsibly centrist president, who’s bribing his way to a second term.

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