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Tag Archives: wedge economics
Washington – The most lethal damage to American society embedded in the Republican tax plan now being rushed through Congress is that it will metastasize the cancerous economic inequality that has been eating away at the health and fabric of American democracy over four decades – an issue some Democrats plan to take to voters […]
Washington – With his cabinet of billionaires and trickle-down CEOs, President-elect Donald Trump has set the stage for the second “Revolt of the Bosses,” ignoring that the first “Revolt of the Bosses” starting in the late 1970s fueled the gaping inequalities of income and wealth that now plague America and that infuriated Trump’s working class […]
Washington – From its raw beginnings to its stunning finale, the presidential campaign of 2016 has been a political earthquake, a broad populist rebellion that has shattered the landscape of power within both major political parties. The entire narrative of this campaign has been driven by a revolt from the bottom up, by two candidates […]
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 […]
Washington – The political earthquake now shaking the foundations of the Republican Party throws into bold relief the unique feature of Campaign 2016 – the fault-line this year is not the typical polar clash of Left vs Right, but a far more fundamental Up-Down cleavage between rank and file Americans and what C. Wright Mills […]