By Jesse Eisinger, Jeff Ernsthausen and Paul Kiel | – The Secret IRS Files ( ProPublica) – Inside the Tax Records of the .001% In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, […]
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Inequality
Biden’s modest corporate tax increases to fund public infrastructure projects are wildly popular — except among CEOs
By Jim Hightower ( Otherwords.org) – “Outrageous,” screeched the U.S. Chamber of Commerce. “It doesn’t feel fair,” whimpered a top corporate executive. The wailing by those who run corporate America is not for the plight of the workaday families who’ve seen their incomes stagnate and even plummet to zero during the pandemic. Rather, this chorus […]
On How there is no Restaurant Worker Shortage, only a Shortage of Safe Jobs with Adequate Pay
From the earliest days of the Pandemic relief initiatives business lobbies and conservative pundits have griped about the $600 Federal Unemployment Insurance supplement. They complained that combined state and federal programs would give many employed workers more income than they received in their current jobs. Workers would have an incentive to stay home to sit […]
Let Lebanon be Lebanon: Paris should Stop Threatening Beirut with EU Sanctions
John Hickman “Governing Lebanon is surely more daunting than governing France.”[1] That pearl of wisdom in an essay defending consociational democracy by University of Pennsylvania political scientist Brendan O’Leary has never been more accurate. A delicate balance of domestic interests with institutional vetoes at the best of times, Lebanese politics has been stalemated for months […]
Congress needs to pass Labor Laws Protecting Union Drives and right to Strike
By Rebekah Entralgo | – ( Otherwords.org) – Following one of the most high-profile union votes in history, workers at an Amazon warehouse in Bessemer, Alabama ultimately rejected efforts to form a union. But for labor advocates, this fight is far from over. “The Amazon workers who voted for a union in Bessemer are already […]
Pfizer and Big Pharma need to waive Patents on Covid-19 Vaccine to Save the World
Southwest Harbor, Maine (Special to Informed Comment) – It is a familiar story. A Pharma giant sells life- saving vaccine , which costs no more than 7 dollars a dose, to most nations at almost 20 dollars per shot. Knowing that unseemly profits in the midst of a global pandemic may elicit outrage and perhaps […]
Just how Bold is Biden’s Plan to Pay for Infrastructure by Making Rich Pay their Fair Share?
( Inequality.org) – President Joe Biden has made no secret of his admiration for Franklin D. Roosevelt. He’s even given a painted portrait of FDR the most prominent place of honor in the White House Oval Office. A bit more significantly, Biden has just announced the most ambitious gameplan — since FDR’s New Deal — […]
Systemic Racism won’t End with One Trial, But Biden-Harris can enlist Government in addressing Economic Inequality at its Root
Ann Arbor (Informed Comment) – African-Americans face aggressive policing in part because, on average, they lack resources. Household wealth allows a family to donate to political campaigns, to ensure a good education for their children, and to join influential civic clubs and organizations. The Center for American Progress reports that in 2019, before the distortions […]
For Workers struggling to Unionize at Amazon, it is a Matter of Life and Death
Southwest Harbor, Maine (Special to Informed Comment) – That unions lost the battle to organize Amazon’s Bessemer, Alabama plant should and did come as no surprise. The workers were up against one of the world’s most affluent and powerful corporations. Yet despite the 2 to 1 loss, the organization effort did help to reveal Amazon’s […]