Home Blog Page 53
No one wants to pay taxes. But when we have to choose between a tax break for those making over $110,100 a year or a tax increase for those making over $110,100 a year, the choice is clear.
The United States had the highest level of inequality among G-7 countries both in 1980 and in 2008. France is the only G-7 country to have experienced declining inequality over that period. Inequality rose in all of the other six.
The war on workers in the wake of the global financial crisis isn’t limited to one country. It is a worldwide effort to reduce government services and restrict worker rights. In today’s globalized world, when workers anywhere take a stand, they stand for all of us.
Occupy movements have now sprung up in at least 20 countries, and probably more. They all speak, in one way or another, for the other 99 percent. But the other 99 percent means different things in different places.
A flat Social Security tax would generate over $100 billion more every year than the current regressive tax. In a time of high debt and budget deficits, that's money the government could desperately use.
Now that the Deficit Reduction Supercommittee has apparently failed to reach a consensus on how to cut the trillion-dollar federal budget deficit, the field is open for new ideas.
Latvia will have to follow one of the three paths that other middle-income countries around the world have used to grow (or try to grow) into the top tier of the world-economy.
Since 1969 the poverty line has not been updated for changes in the standard of living. When we say that a family lives in poverty today, what we really mean is that that family lives in what was considered to be poverty in 1969.