Business-beholden members of Congress are falsely boasting that their 2017 tax law has been responsible for less unemployment and slightly higher hourly wages. They praise themselves and President Donald Trump for cutting corporate rates from 35% to 21%, eliminating most taxes on dividends and capital gains, doubling the exemption for inheritance tax, and dropping the … Continue reading Higher wages, more jobs not from Trump pro-business economy; instead credit goes to DOL for overtime exempt rule change
Two big lies have been fed to the American worker by media, think tanks and politicians: Raising the minimum wage to $15 only helps entry-level and very young workers. An increased minimum wage to $15 leads to fewer jobs and closed businesses. The first claim is usually presented as: Only 542,000 American workers are at … Continue reading Pains of poverty from slave pay are just ignored by politicians; Elite class uses phony arguments to fight $15 minimum wage
Why do we put up with nearly 750,000 pending immigration cases, where many detainees are forced into private jails for months, awaiting a ponderous bureaucracy to decide their fate? Let's follow the money... An entire industry has grown up around detainees, from employment for lawyers and judges, to nonprofits raising money for jazzy executive salaries. … Continue reading ICE use of private prisons is another example of our make-a-buck Congress and WH losing public trust
British Labor Party leader Jeremy Corbin is starting a campaign against inequality that should be emulated by all (five, ten?) American politicians not controlled by big business. “One proposal is pay ratios between top and bottom, so that the rewards don’t just accrue to those at the top,” he said. “Of the G7 nations only … Continue reading British want to fight inequality – it’s worse here!
It's so very wonderful to learn this week that "median household income" in 2014 was $53,657, even if it was down from $57,843 in 1999. You can still buy a nice basket of goodies on $50 grand a year. If only it were true. Most jobs pay about $31k. Many families have just one parent … Continue reading Rich look poorer, poor much richer – report distorted to make average Joe happy – despite Depression
One of the least discussed provisions of the minimum wage law in this country is how we treat workers under the age of 20 - those high school and college students deprecated on FOX News, for example, as overpaid burger flippers, toilet cleaners, gardeners, and other manual workers. The concept of raising their wages to … Continue reading Lies about minimum wage – it’s not even a lousy $7.25 an hour
In the Middle Ages an average duke or earl's property was about 38,000 acres, and the "little people" grew the food and paid taxes to these aristocrats of yore, and the humble were called serfs and lived like dogs to support the castles for the very few. The present crony capitalism is different. Our aristocrats … Continue reading Trump card is the minimum wage. My bet: he just lost any chance of winning the Republican Presidential nomination
British Health Secretary Jeremy Hunt thinks the British don't work hard enough because they have too generous tax credits - a benefit similar to the U.S. Earned Income Tax Credit (EITC). Hunt seemed like a money-grubbing rich person when he explained: “My wife is Chinese. We want this to be one of the most successful … Continue reading Tax credit cuts will make Britains work much harder – like Chinese or Americans – British Health Secretary tells the poor