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Tag Archives: income inequality
Washington – Unless you tuned out Donald Trump on his final frenetic campaign blitz, you remember seeing him barnstorming across Florida, stoking the fears of Latino voters with his nightmare threat that Joe Biden & Company would “turn America into Communist Cuba or Socialist Venezuela.” Fearmongering pure and simple, but it worked with a big […]
Washington – While you and I have focused on the economic havoc of job losses, pay cuts and business failures caused by the corona pandemic, we missed noticing that the tiny sliver of super-super-rich at the apex of our economy was simultaneously fattening their already phenomenal fortunes, thanks to the pandemic. A surprise perhaps because […]
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 […]