In Praise of Taxes by Nicola Liebert (tags)
Our tax system p[romotes private wealth and impoverishes the community. Even if no one pays them gladly, most are aware taxes int he interest of the community are sensible. "Taxes are what we pay for a civilized society" (Oliver Wendell Holmes, former Supreme Court justice).
Philippines: Duterte’s gravy TRAIN for the rich (tags)
The tax system in the Philippines is biased towards the rich. The Duterte government’s new tax reform package House Bill (HB) 5636 or the Tax Reform Acceleration and Inclusion Act (TRAIN), recently adopted by the Lower House of Congress, further burdens the poor – the unemployed and under-employed -- and low-income earners.
Video: Panel Discussion on Income Inequality, 53 min (tags)
Panel Discussion on Income Inequality Kathryn Edin, author of $2.00 a Day: Living on Almost Nothing in America, and Stefanie DeLuca, co-author of Coming of Age in the Other America, talked about income inequality. They spoke at the 15th annual Annapolis Book Festival.
Economic Inequality Divides Economics and Society (tags)
An unequal distribution of income paralyzes the whole economy... Redistribution from top to bottom in a national economy ultimately depends on which social groups can enforce their interests more strongly.
For 40 years, the Bremen study group has published memorandums. The council of experts promoted the profits of businesses, not aggregate economic demand. Mass unemployment surpassed the 5 million mark because of neoliberal structural reforms.
Institutionalized Inequality in America (tags)
class war
Economists Argue over Distribution Question (tags)
More and more economists take distribution questions seriously. When inequality becomes too great in a national economy, the economy becomes unstable. Private indebtedness and income inequality massively increased in the US Financial markets uncoupled from real economy
Inequalities, Taxes, and More Inequalities (tags)
Thanks to Occupy, most working people are well aware of the growing inequalities in wealth. But for those who lack the specifics, former Secretary of Labor Robert Reich provides a useful overview: “…the rich have been getting a larger and larger portion of total income. From 9 percent in 1980, the top 1 percent’s take increased to 23.5 percent by 2007. CEOs who in the 1970s took home 40 times the compensation of average workers now rake in 350 times.” (“Confessions of a Class Warrior,” August 22, 2010).
Income Inequality Undermining American Democracy (tags)
This is NOT a study of my own, merely a pointer to a piece published by the New York Times, dealing with growing income inequality, undermining US democracy.
Economists Rediscover the Distrribution Question (tags)
Higher taxes for the rich-traditionally a horror to liberal economists-appear in a new light as state transfers to poorer sectors. Those richer than 95% pocket around 20% of the total income. It was less than half as much at the end of the 70s.
BTL:"Trickle-Down" Economics, Tax Cuts for the Rich Exacerbate Income Inequality (tags)
BETWEEN THE LINES - A four-time winner of the Connecticut Associated Press Broadcast Award for Best Feature in the non-commercial category, this syndicated, half-hour program provides a platform for individuals and spokespersons from progressive organizations generally ignored or marginalized by the mainstream media. Between the Lines covers a wide range of political, economic and social topics.
BTL:Growing Income Inequality in U.S. All But Ignored in Presidential Campaign (tags)
Interview with Ellen Frank, senior economist, Poverty Institute at Rhode Island College conducted by Between the Lines' Scott Harris