Noam Chomsky on Why This is the Most Dangerous Point in Human History (tags)
We live in a world facing existential threats while extreme inequality is tearing our societies apart and democracy is in sharp decline. The U.S., meanwhile, is bent on maintaining global hegemony when international collaboration is urgently needed to address the planet’s numerous challenges.
Capial in the 2020s (with Thomas Piketty) (tags)
Inequality is not an accident. It’s not like the weather. It actually is being driven by the way capitalism is functioning. You know what we need? We need state intervention, we need government action, and we need that to be very, big. He proposes a wealth tax of 2 percent.
Bernie Sanders, Elizabeth Warren and the Wealth Tax (tags)
Warren's proposal earmarks a 2% tax on wealth between $50 million and a billion dollars and a 3% tax on wealth over a billion. Between 1930 and 1980, top incomes were taxed at 81% and top inherited wealth at 74%. Obviously, this did not destroy American capitalism.
"The Public Trust Doctrine," Wealth Inequality, and Iraq (tags)
"The Public Trust Doctrine" is a fundamental precursor to modern environmental law. The doctrine has often been characterized as an attribute of sovereignty that carries constitutional force.
Social Inequality Today (tags)
The neoliberal rollback has created growing instabilities. An advancing process of de-democratization and social re-feudalization is connected with the rise of the new "super-rich." Piketty warned of the growing inequality between rich and poor.
America
The empirical-historical analysis of the top incomes and their wealth are in the center with Thomas Piketty's "Capital" (2014). The share of the top 10% was never below 60% from 1917 to 2012. A wealth tax is vital to reverse the exploding inequality.
No Redistribution Without the Social State (tags)
In Austria 30 percent of the gross domestic product is spent on social services (not including education spending)...Since the 1990s social security has been increasingly discussed as a financial burden and less as a social achievement
The Middle Class Continues Shriveling (tags)
A century ago people said a progressive income tax would never happen. Today it is reality. The top tax rate in the US between 1930 and 1982 was 82 %. That was a very interesting experiment because very high incomes were covered.
America's Economic Dark Side (tags)
class war
America's Great Divide Between Rich and Poor (tags)
class war
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.
Is Growth Only Possible Through Inequality? (tags)
Does capitalism make the rich richer and the poor poorer instead of creating prosperity for everyone as promised? Inequality declined considerably between 1930 and 1970 in western industrial states.
Census Bureau Confirms Rising Poverty, Falling Incomes, and Growing Numbers of Uninsured (tags)
growing poverty and despair in America
Growing Poverty and Despair in America (tags)
what the dominant media won't tell you