Monthly Archives: April 2011

The Moment of Truth

(Return to the Contents Topics page.) In December 2010 The National Commission on Fiscal Responsibility and Reform issued a report entitled, ironically, “The Moment of Truth.”  Before discussing the report, let’s recap the economic reality we have found. Our moment of … Continue reading

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Budgets

(Return to the Contents Topics page.) Is There Any Good News In the Deal On Debt?:  Guest blogger Janet Spitz discusses some good news in the debt reduction package signed by the President this month, including the long overdue treatment … Continue reading

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State & Local Government

(Return to the Contents Topics page.) Decimating Court Mediation Services: Huge budget cuts in New York reduce vital services and repress the economy, in the interest of avoiding tax cuts for the rich. Funding the Corporate Attack: Michigan’s “Financial Martial Law”: … Continue reading

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Regressive Tax System Unfair, but Also Incredibly Destructive

(Return to the Contents Topics page.)           The current tax system is unfair.  But it’s not just about fairness, it’s a matter of survival.  A recent Associate Press article by Stephen Ohlemacher appearing in the Albany Times Union (4/18/11) under the headline “Tax day … Continue reading

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To Be Perfectly Clear – Part 3

(Return to the Contents Topics page.)         From 1980-2007 corporations were making higher profits and accumulating wealth more quickly, while at the same time through reduced corporate and personal income taxes of the very wealthy, returning much less of it to government to be … Continue reading

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To Be Perfectly Clear – Part 2

(Return to the Contents Topics page.) Now we’re going trace how the purring machine got out of control and become a destructive beast.  First we must ask:  What if wealthy people, who averaged about 30 times as much income and wealth as … Continue reading

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Econ 101

(Return to the Contents Topics page.) It’s the Marginal Efficiency of Capital, Stupid! – We’re almost out of Keynesians; read it and weep. Don’t Tax the Job Creators?  – Explaining why this mantra, a variation of the trickle-down Reaganomics pitch – … Continue reading

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To Be Perfectly Clear – Part 1

(Return to the Contents Topics page.)            Some friends tell me they turn off at the mention of the word “economics” and fear they are getting into something a bit too heavy.  Okay, I hear you:  It’s really not that … Continue reading

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Reaganomics

(Return to the Contents Topics page.) Running Out of Gas – Current indications confirm that trickle-down economics has caused the loss of growth and prosperity and widening inequality, and is dragging America inevitably into Great Depression #2. Be Afraid – The same … Continue reading

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Corporations

(Return to the Contents Topics page.)           The Flight of Corporations:  Corporations are increasingly avoiding tax liability to the United States government.           Texas Instruments Acquisition: M&A in semi-conductor area.           GE and Jobs: Russ Feingold on Immelt, GE … Continue reading

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Wealth and Income Inequality

(Return to the home page.) Most Recent: Climate Change and the Economy: Facing Reality – Naomi Klein’s just-released book This Changes Everything: Capitalism and Climate should be high on our reading lists. In related articles, she argues points out that climate change … Continue reading

Posted in Blog Contents, Wealth and Income Inequality

Taxation

(Return to the Contents Topics page.) Raise the top rate back up to 70%: Wealth transfers to the top 1% are increasingly doing us in, as explained in Mike’s letter to the Albany Times Union on August 9, 2012. Don’t Tax the … Continue reading

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The Flight of Corporations

(Return to the Contents Topics page.)            Here’s the chart MoveOn put together of Bernie Sanders list of the top ten corporate tax dodgers.  Actually, their tax avoidance may be entirely within the “law” – they made the law:            We discuss General … Continue reading

Posted in Corporations, Taxation

Labor & Unions

 (Return to the Contents Topics page.) Economic Pain not coming from Unions: John Schmitt attributes economic pain to growing inequality of wealth, not public sector unions. The Mindset that Survived the Triangle Shirtwaist Fire: Harold Meyerson on the tragedy and … Continue reading

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Federal Debt

(Return to the Contents Topics page.) Trillions of Debt: A new Perspective on the magnitudes involved in inequality and debt. Is There Any Good News In the Deal On Debt?:  Guest blogger Janet Spitz discusses some good news in the … Continue reading

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