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Tag Archives: Wall Street

Tax Games Corporations Play

Big U.S. corporations shift profits to foreign tax havens to cut their US taxes to zero. US loses about $100 billion annually from corporate tax games by Apple, Google, Coke, Nike, Caterpillar, others while.Billionaires enjoy a boom – $1 trillion in new wealth in 2020. Biden calls for corporate minimum tax to restore fairness, fight inequality..

Taking on Economic Inequality

Washington – Behind the hollow sparring over the border wall and government shutdowns, the ground is shifting under President Trump and the political pendulum is swinging toward a new economic agenda. Even conservative Fox News reports that American voters, by a huge margin, now want to reverse the Trump tax cut of 2017 and increase […]

Engine of Growth: Strong Middle Class Wages

Over the last three decades, we’ve lost something precious and essential in the American concept of capitalism – the idea that shared prosperity is good business and smart economics because it generates long-term economic growth and competitiveness for the nation as a whole. High economic inequality is a drag on economic growth, economic studies show. […]

Tax Cuts – Middle Class Boost or “Fake Math”?

Washington – With Republicans surfacing more details of their tax-cut package and debate sharpening over its likely impact, Trump’s top economist forecasts a boost of $4,000 in annual income for the typical American family but most economists don’t buy that estimate and Senate Democratic Leader Chuck Schumer derides it as “fake math.” In fact, one […]

Inside The Tax-Cut = Job Growth Myth

Washington – Riding a tide of tax cuts and rising profits over four decades, the captains of Corporate America have shifted $1 trillion each year from the paychecks of middle class Americans into massive payoffs to Wall Street investors and CEO pay packages. And now they want you to believe, once again, that cutting corporate […]

Election Focus – The Middle Class

Olga, WA – If Donald Trump can get over his nonsense about President Obama being the “Founder” of ISIS and his hassling Gold Star families and fellow Republicans,  Campaign 2016 can get to America’s core issue – economic inequality and the rival pitches of Clinton and Trump of a better deal for the middle class. […]

Boosting The Middle Class – America’s “Job Creators”

Washington – Economists call it “the Virtuous Circle of Growth.” It’s the dead opposite of “trickle down economics.” The core idea is that a well-paid middle class is the engine of America’s economic growth. In other words, America’s job creators are the 99%, not the 1%. That was the economic concept that powered America’s remarkable […]

Campaign 2016 – The Rise of Wedge Economics

Washington – Given Donald Trump’s gutter politics – his foul mouth, his racist bigotry, his dark nativism, you have to ask yourself, “How does he keep winning?” and “Why does he so alarm the Republican Establishment?” And the answer lies not so much in personality politics, but in something more explosive:  Trump’s heresy against orthodox […]

What Fires Anger in Grass Roots America?

Washington – If you want to see what fires the grass roots passion for Donald Trump and Bernie Sanders and the populist rebellion against the U.S corporate and political elite, take a look at the latest case of an American corporation’s gaming the system for handouts and bailouts and then walking out on Uncle Sam and […]

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