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Tag Archives: Featured Stories

The Tax-Cut Framework Won’t Create Jobs and Digs the Inequality Ditch even Deeper

The Tax-Cut Framework Won’t Create Jobs and Digs the Inequality Ditch even Deeper Marcus Ryu, a self-described Silicon Valley entrepreneur who created, with others, a company now worth $5 billion on the New York Stock Exchange, argues in today’s Op-Ed section of the New York Times that “Tax Cuts Won’t Create Jobs“, NY Times (Oct. 9, 2017), at A23 (the title in the digital edition is different from the print title:  Why Corporate Tax Cuts Won’t Create...

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Right Wing Propaganda Tank IPI Likes the Trump Tax-Cuts-for-the-Rich “framework”

Right Wing Propaganda Tank IPI Likes the Trump Tax-Cuts-for-the-Rich “framework” There’s no surprise here.  The Institute for Policy Innovation (IPI) is a right-wing “think” (i.e., propaganda) tank that has consistently argued for tax policies that favor multinational corporations and the wealthy.  So IPI has a posting on Sept 29 that is supportive of the so-called “tax reform framework” put out by the Trump administration. As an earlier post noted...

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Worse Than The Usual Hypocrisy: Trump, Puerto Rico, And The Jones Act

Worse Than The Usual Hypocrisy: Trump, Puerto Rico, And The Jones Act The Jones Act was passed 97 years ago to protect US shipping within the US from foreign-made ships.  I doubt I ever would have supported such an act, but at least back then there were plenty of US-made ships to fulfill the demand. Despite the Jones Act, the US shipping industry has collapsed in the last century so that the number of such ships is far below demand in normal...

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Insanely Concentrated Wealth Is Strangling Our Prosperity

Dan here…Angry Bear Steve Roth’s clear and thorough writing continues…please go to the original for more graphs…I could not include the largest in the Angry Bear format in its proper place.  Go straight to read more to view the whole post…. By Steve Roth (originally published at Evonomics) Insanely Concentrated Wealth Is Strangling Our Prosperity Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in...

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Insanely Concentrated Wealth Is Strangling Our Prosperity

Dan here…Angry Bear Steve Roth’s clear and thorough writing continues…please go to the original for more graphs…I could not include the largest in the Angry Bear format in its proper place.  Go straight to read more to view the whole post…. By Steve Roth (originally published at Evonomics) Insanely Concentrated Wealth Is Strangling Our Prosperity Remember Smaug the dragon, in The Hobbit? He hoarded up a vast pile of wealth, and then he just hung out in...

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A thought for Sunday: the most important issue in the 2016 election was…

A thought for Sunday: the most important issue in the 2016 election was . . . This is a post I’ve been meaning to write for several months. For a while after the election last year, there was a debate about whether the “economic anxiety” in the (white) working class was the most important factor vs. was it simply a matter of racism. The consensus has nearly settled on the narrative that racism was decisive, to the point where “economic anxiety” has...

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A thought for Sunday: the most important issue in the 2016 election was…

A thought for Sunday: the most important issue in the 2016 election was . . . This is a post I’ve been meaning to write for several months. For a while after the election last year, there was a debate about whether the “economic anxiety” in the (white) working class was the most important factor vs. was it simply a matter of racism. The consensus has nearly settled on the narrative that racism was decisive, to the point where “economic anxiety” has...

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The asterisk in real median household income

The asterisk in real median household income This is a follow-up to the post I wrote last week about the latest data on real median household income. One of the things I notes is that “households” includes the millions that are composed of retirees, a burgeoning demographic due both to healthier longevities and the demographics of the Boomer generation. This morning Jared Bernstein helpfully includes a graph of real median household income excluding...

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Sessions, Krugman, DACA and the Lump-of-Labor Fallacy

Now may be a good time to remind people that there can be bad arguments for good causes. There may even be good arguments for bad causes. Sessions is wrong: The effect of this unilateral executive amnesty, among other things, contributed to a surge of unaccompanied minors on the southern border that yielded terrible humanitarian consequences. It also denied jobs to hundreds of thousands of Americans by allowing those same jobs to go to illegal...

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Whats In the News . . .

Quite a few things going on requiring some type of commentary. Trump can certainly get people going in different directions away from him. It is important to recognize these issues without losing sight of what Trump has done in stealing an election. Just a few things I have noticed in the news. DACA “But today, that shadow has been cast over some of our best and brightest young people once again. To target these young people is wrong – because they have...

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