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economic equality

China’s companies win the race for producing employment giants, dwarfing American firms like GM, Apple or Exxon

When you don’t count Walmart, the largest employers in the world, are in China, not the United States. And the biggest firms in China are industrial and manufacturing companies, not a low-wage retailer China National Petroleum (1,636,532), China State Grid (913,546), Foxconn (803,126) and Sninopec (667,799) together employ 4,021,003 workers. Foxconn is well known in the U.S. for producing Apple phones in Longhua Town, Shenzhen, in the south of China. […]

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Seven men together are twice as rich as 16,800,000 median Black households, or 42,000,000 citizens

They are all white. They are all men. They are all rich. But you never hear politicians, professors or protestors criticize these richest men in America, because wealth has its privileges and allows immense power. It’s not just being able to buy your children entrance into the best colleges, or owning a $100 million house that you visit for just one week in the summer, or traveling in private jets, […]

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The very rich cannot only pay for QM2-size yachts, they have enough $$ to purchase entire nations!

Instead of playing the lottery or completing my 2018 Income Tax, yesterday I imagined I was Jeff Bezos It was a typical day with nothing to do except harass the workers at Whole Foods, so I decided to buy a boat. But not just any boat. A big boat – in fact, a ship. Large enough to carry all my “friends” and impress the other rich folks, including Zuckerberg and […]

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Nickels, dimes and dreams – author urges that all workers be fairly valued for their time and effort

A Montana coal miner’s daughter recently found herself the honored guest of King Willem-Alexander at the Royal Palace in the Netherlands. It was a case of the guest being better-known than the host, despite title and wealth. Barbara Ehrenreich, Ph.D, who researched and wrote the best-selling Nickel and Dimed: On (Not) Getting By in America, enjoyed her triumph on Nov. 27, when she was awarded a 150,000 Euro ($169,500) prize […]

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If your family was as rich as the Waltons, you could easily buy Buckingham Palace over and over again

Some one million Walmart employees in the United States will have their meager pay supplemented this year with a bonus averaging $400, thanks to the lapse of usual parsimony by the owners of the world’s largest retailer – the Walton family. That total $400 million is $71 million less than the cost of the bottom two estates ($222 million and $249 million) in the above video of the five most […]

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Middle class seniors forced to pay for that 40% corporate tax cut with reductions to Medicare

Happy holidays came a few days early for big corporations and rich shareholders. Their income tax rate in 2018 will drop from 35% to 21% – exactly a 40% decrease. Next year, Medicare premiums will go from $109 to $134 per month – a 23% increase in one year. This additional deduction from Social Security benefits wipes out the proposed minimal 2% cost of living increase for most seniors, leaving […]

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Other countries want you as a university student – English-speaking classes with virtually no tuition

If you are not a resident of Pennsylvania you can still earn a nursing degree at Penn State University in four years at a tuition-only cost of $154,600. Or you could get the same education (with brat bun, not frat fun) free in Germany. Free? And you don’t have to speak German? Public universities in Germany charge no tuition to anyone, including Americans , ugly or otherwise. Classes are offered […]

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