Talking Taxes: What’s Your Fair Share? - WSJ. Washington is embroiled in a big debate about taxes, and of course Republicans and Democrats disagree about some very big, fundamental issues.
Few questions loom larger in the political debate than this: What do the wealthiest Americans pay and is it fair? To answer it’s important to start with an understanding of how the tax system is set up now, at the most basic level. Whether you believe the rich should pay more or less, you should start by knowing just how much income they earn and what share of federal taxes they pay. Talking Taxes: What’s Your Fair Share? - WSJ. Ben Carson Says Poverty Is A 'State of Mind" Secretary of Housing and Urban Development Ben Carson appeared on SiriusXM's Town Hall hosted by Armstrong Williams earlier this week.
Larry French/Getty Images for SiriusXM hide caption toggle caption Larry French/Getty Images for SiriusXM Secretary of Housing and Urban Development Ben Carson appeared on SiriusXM's Town Hall hosted by Armstrong Williams earlier this week. When it comes to poor Americans, the Trump administration has a message: Government aid is holding many of them back. Office of Management and Budget (OMB) Director Mick Mulvaney said as much when presenting the administration's budget plan this week to cut safety net programs by hundreds of billions of dollars over the next 10 years.
How Our Tax Code Makes Inequality Worse - BillMoyers.com. Editor’s Note Economic inequality in the United States may seem inevitable, but it’s not.
As we’ve documented on this website many times, the distribution of wealth in the United States has become increasingly concentrated as a result of government policies that began in the Reagan era. According to the Center on Budget and Policy Priorities, the best survey data show that in the 21st century, “the top 3 percent of the distribution hold over half of all wealth.”
Donald Trump to Hungry Seniors: Drop Dead – BillMoyers.com. Joseph Horecky, 90 and with a vision impairment, makes a call from his kitchen after receiving a "Meals on Wheels" delivery from the Sullivan County Office for the Aging on Sept. 21, 2012 in Barryville, New York.
The nutrition program is for residents age 60 and older and is funded by federal, state and county grants. (Photo by John Moore/Getty Images) How Companies Turn Your Facebook Activity Into a Credit Score. DEAUVILLE, FRANCE - MAY 26, 2011 : Facebook CEO Mark Zuckerberg Press conference at the summit G8/G20 about new technologies - Deauville, France on May 26 2011Photo Credit: Frederic Legrand - COMEO / Shutterstock.com Nicole Keplinger, 22, had long seen ads on Facebook promising financial relief, but she always ignored them and assumed that they were scams.
Keplinger was drowning in student debt after obtaining a worthless degree from the for-profit Everest College, whose parent corporation, Corinthian Colleges Inc., had recently collapsed under accusations of fraud and predatory lending. Trump's infrastructure proposal: Let Wall Street run everything. George Frey/Getty Images As recently as Monday, few campaign promises looked deader than Donald Trump’s trillion-dollar infrastructure plan.
Jared Kushner’s life as a predatory capitalist. Dominique A.
Pineiro/DoD via Getty Images It’s a common observation that poverty is expensive. That living on the margins—or close to them—means higher costs for basic necessities like housing, food, and transportation. That living paycheck-to-paycheck makes ordinary banking more difficult—overdraft fees aren’t a particular problem for middle-income and affluent people—and puts affordable credit out of reach. Oxfam: Combined Wealth Of 5 Richest Nigerians Could Lift Country Out Of Poverty. Women who say they have not been fed for five days line up for food in Aug. 2016 at the Bakassi camp in Maiduguri, Nigeria.
Sunday Alamba/AP hide caption toggle caption. In poverty, groceries can be five times more expensive, as this video stunt shows. A hidden camera in a San Francisco grocery store last year captured patrons' reactions when their items ring up as five times more expensive, adjusted to reflect the cost of living near the poverty line.
In "Poverty Line Prices," above, people are shocked when they see their totals. When you're poor, milk can have an adjusted cost of $24. The video comes from Tipping Point Community, an organization that combats poverty in the Bay Area, and advertising agency Goodby Silverstein & Partners. In San Francisco, the average annual family income is $153,000, five times the $24,300 a year that families living on the poverty line earn (or roughly 1 in 10 families in San Francisco). At LA airport's new private terminal, the rich can watch normal people suffer. British Brexit robbery: how democracy was hijacked in UK & US. “The connectivity that is the heart of globalisation can be exploited by states with hostile intent to further their aims.[…] The risks at stake are profound and represent a fundamental threat to our sovereignty.”
Alex Younger, head of MI6, December, 2016 “It’s not MI6’s job to warn of internal threats. It was a very strange speech. Was it one branch of the intelligence services sending a shot across the bows of another? Don't Be Fooled: 'Generation Wealth' Is More About Wanting Than Having. Jackie and friends with Versace handbags at a private opening at the Versace store, Beverly Hills, California, 2007. Lauren Greenfield/INSTITUTE hide caption toggle caption Lauren Greenfield/INSTITUTE. A 'Forgotten History' Of How The U.S. Government Segregated America. Federal housing policies created after the Depression ensured that African-Americans and other people of color were left out of the new suburban communities — and pushed instead into urban housing projects, such as Detroit's Brewster-Douglass towers.
Paul Sancya/AP hide caption toggle caption Paul Sancya/AP Federal housing policies created after the Depression ensured that African-Americans and other people of color were left out of the new suburban communities — and pushed instead into urban housing projects, such as Detroit's Brewster-Douglass towers. In 1933, faced with a housing shortage, the federal government began a program explicitly designed to increase — and segregate — America's housing stock.
Donald Trump's tax plan would turn the whole U.S. into Kansas. Photo by Mark Wilson/Getty Images It is hard to think of a more obvious recent public-policy failure than the tax cuts that Kansas Gov. Sam Brownback championed in 2012. The state has been mired in a perpetual budget crisis ever since the package passed, forcing its residents to swallow painful spending cuts in essential areas like education. Kansas' credit rating has been downgraded, as well. The financial wreckage has been so severe that Brownback's fellow Republicans are now staging a rebellion; in February, the GOP–run legislature voted to undo the cuts, and came close to overruling the governor's veto. In Surprise TED Talk, Pope Francis Asks The Powerful For 'Revolution Of Tenderness' Pope Francis speaks in a video at the TED2017 conference Tuesday in Vancouver, British Columbia. The audience gave him a standing ovation after the talk, which stressed the importance of humility among the powerful.
These Photographs Document The Global Obsession With Conspicuous Wealth. The Right-Wing Machine Behind The Curtain - BillMoyers.com. Former Sen. New database details White House officials' finances. On Friday night, the White House began releasing financial disclosures for scores of key employees — including familiar names such as Press Secretary Sean Spicer, Counselor to the President Kellyanne Conway and Chief Strategist Stephen K. Bannon. Reporters from dozens of news organizations, including the Associated Press, the New York Times, ProPublica and the Washington Post, then compiled and reported on the documents, which the White House released one-by-one. The Reclusive Hedge-Fund Tycoon Behind the Trump Presidency. Donald Trump Cuts Library Funding - Institute of Museums and Library Services FundingCut. GOP Obamacare repeal bill is a windfall for the wealthy - Mar. 11, 2017. How 90% of American Households Lost an Average of $17,000 in Wealth to Plutocrats in 2016 - BillMoyers.com.
How 90% of American Households Lost an [...] The average 1 percent household took an additional $3 million of our national wealth in one year while education and infrastructure went largely unfunded. Why We Ask to See Candidates’ Tax Returns. Photo. The Rise Of Saudi Arabian Billionaire Families BBC Documentary. What So Many People Don’t Get About the U.S. Working Class.
Trump’s First Test on Taxes - BillMoyers.com. Corruption Report: Turning to Populist Leaders May Make Things Worse. An anti-corruption watchdog is highlighting a link between inequality and government corruption with the release of its annual global index, saying people are increasingly looking to populist leaders who promise to tackle corruption, but are likely to make the situation worse.
Eight billionaires 'as rich as world's poorest half’ Kansas in grip of Republicans: Tax cuts do not equal more jobs =state is broke. Meet the lazy welfare recipients who have spent millions in food stamps: Military service members. Linda Taylor, welfare queen: Ronald Reagan made her a notorious American villain. Linda Taylor’s other sins were far worse.
Trump’s Cabinet - By Exxon, for Goldman Sachs, for the Kochs. Poverty/Wealth. Trump Transition Watch. The $100bn gold mine and the West Papuans who say they are counting the cost. What's It Like To Be Rich? Ask The People Who Manage Billionaires' Money. Secret Money Floods Judicial Elections. New Analysis: 2016 Judicial Elections See Secret Money and Heightened Outside Spending. 7 Things You Didn't Know About The Ultra Rich. How To Make $71 Billion A Year: Tax the Churches. Why So Many Poor Americans Don’t Get Help Paying For Housing. Nobody Is "Self-Made" Democrats Must Become the Party of Freedom - BillMoyers.com. We, the Plutocrats vs. We, the People - BillMoyers.com. California Deposes Its ‘Welfare Queen’ The School-to-Prison Pipeline Starts in Preschool. Home Health Care Workers Aren’t Guaranteed Minimum Wage or Overtime, and the Legacies of Slavery and Jim Crow Are the Reason Why.
All the Greedy Young Abigail Fishers and Me How the Carried-Interest Loophole Makes the Super-Rich Super-Richer. Charles Koch: U.S. system 'rigged' for wealthy. Here are the famous politicos in ‘the Wikileaks of the mega-rich’ The Estate Tax Is a Meritocratic Necessity. Talks for binge-watching. The Estate Tax Is a Meritocratic Necessity. Reaganomics were intended to do exactly THIS. Potter and Penniman: "The System Is Rigged Against Regular People" - BillMoyers.com. The U.S. doesn’t crack the top 10 happiest countries in the world. Labor 411 - Labor 411 a ajouté une photo. 10 Astounding Infographics Comparing Money Matters Around the World.
1 % explains their plight. A short comic gives the simplest, most perfect explanation of privilege I've ever seen. A world divided: Elites descend on Swiss Alps amid rising inequality. Mia Birdsong: The story we tell about poverty isn't true. Richest 62 people own same as half world's population - Oxfam.