Tuesday, January 29, 2019

Robert Reich: 7 Suggestions for Surviving the Rest of Trump's Presidency

The Fall of Davos Man

The Fall of Davos Man: Global elites must either commit to pushing for broader prosperity and democracy, or watch as trade wars, capital controls, and isolationism erode global prosperity.

Robert Reich

Robert Reich’s survival guide to 2 more years of Trump

Robert Reich’s survival guide to 2 more years of Trump: It's doubtful Trump will be leaving anytime soon. Even an impeachment will drag out for a long time. Here are 7 suggestions for what to do to survive in the meantime.

Thursday, January 24, 2019

Elizabeth Warren's Tax Plan

here's something to think about:

Right now, an heir with $500 million in yachts and fine art and a public school teacher with no savings can pay the same amount in federal taxes.

The reason? Because people pay federal taxes on their income, not on their wealth. So if that heir and that teacher both make $50,000 in a year, the federal government sees no difference between them.

This isn’t an oversight,  it’s on purpose. It’s because the rich and powerful run Washington, and they make sure the rules are written to benefit themselves.

The top 0.1% of American families – the richest 1 in 1,000 – now have nearly the same amount of wealth as the bottom 90% of American families combined. Meanwhile, for everyone else, opportunity is slipping away.

This is bad for our society, bad for our economy, and bad for our democracy. We need structural change to fix it.

Elizabeth Warren has a big new idea: The Ultra-Millionaire Tax
Here's how it works: It only affects the richest 0.1% of Americans - about 75,000 families
Taxes 2% of wealth over $50 million
and 3% of wealth over $1 billion
To raise nearly $3 trillion over 10 years. We can invest that money in rebuilding the middle class:
Universal childcare, Student debt relief, and fighting climate change with a Green New Deal.
Leading economists call it 'essential,' 'inspiring,' 'well-crafted,' and 'very smart.' But we've got to fight to get this done. Are you in?
That’s why today I’m proposing a tax on the wealth of the richest Americans. It will only affect the tippy-top 0.1% of the wealthy, those with a net worth of over $50 million. I’m calling it the “Ultra-Millionaire Tax,” and we can use the significant revenue it creates to start rebuilding our middle class.

A lot of rich and powerful people won’t like it, but I don’t work for them. We’ll only get this done if this grassroots movement demands it. Sign our petition if you agree: It’s time to tax the wealth of the top 0.1%.

Tuesday, January 22, 2019

The Rich grow richer.

The top 26 billionaires own $1.4 trillion — as much as 3.8 billion other people


Billionaires, who now number a record 2,208, have more wealth than ever before, according to an Oxfam International report published Monday. Since the global financial crisis a decade ago, the number of billionaires has nearly doubled.
The annual study was released ahead of the yearly World Economic Forum in Davos, Switzerland, which brings together some of the wealthiest and most influential people on Earth. The 106-page report is meant to call attention to the growing gap between rich and poor.
Oxfam report