RATIONAL RESISTANCE
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Biden is the clear choice when it comes to compassionate and decent leadership. In a battle of heart, mind, and character Joe Biden wins by a landslide. We n...
What’s The Deal With Trump Followers?
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Five years ago when Donald Trump road that escalator and announced his candidacy, everyone including most people who are now Trump-for-lifers, believed it was a stunt, and he was clearly unqualifie...February 15, 2017
Since 1988, when Taylor Dayne sang “Tell It To My Heart,” Republicans won the presidential popular vote just once. It’s twice if you include 1988. That’s over 28 years!
November 9, 2013
In a “Fact of the Day” article last November, I wrote that, “eliminating the [Social Security] wage cap while keeping the benefits cap produces a Social Security surplus.” But you don’t have to take my word for it as this is a fact backed up by the Congressional Research Service. But it’s also just common sense. If you lift the revenue limiter (the wage cap) but you pay out the same benefits, obviously Social Security will be solvent for some time to come.
July 23, 2013
Obviously I’ve had my head buried in the sand, because I was totally unaware that corporations can deduct executive pay from their federal income taxes. So what this means is, average tax payers are subsidizing a tax deduction for some of the richest corporations on the planet. And that might be fine if it was a tax deduction meant to spur something for the good of society. But no, it’s just a tax deduction that helps wealthy fucks pay other wealthy fucks large sums of money. — Robert Reich explains it with a lot more restraint than I.
April 2, 2013
It might only be four years and change since the worst economic downturn since the Great Depression, but you wouldn’t know it if you looked at corporate profits of late. In the 3rd quarter of 2012, corporate profits hit an all-time high of 11.1% of Gross Domestic Product (GDP). This is at the same time that the unemployment rate is still nearly 8%, and wages are stagnant or worse.
December 14, 2012
Today’s Fact of the Day comes from the Brady Campaign to Prevent Gun Violence:
December 12, 2012
According to a white paper by the Economic Policy Institute, (“Right-to-Work 101“), union and non-union workers in states that have right-to-work laws earn an average of $1500 less per year.
December 7, 2012
From 1990 to 2011, Medicare’s average solvency projection was just over 14 years. This is according to the Kaiser Family Foundation and the annual reports from the Boards of Trustees of the Federal Hospital Insurance and Federal Supplemental Medical Insurance Trust Funds.
November 29, 2012
According to the Economic Policy Institute (EPI) website (“The State of Working America“), “inequality has risen sharply over the last several decades.” In fact, the EPI reports that 38.3% of all wealth growth from 1983 to 2010 went to the top 1%, and 74.2% went to the top 5%. What happened to the bottom 60%? They saw their wealth decline.
November 21, 2012
What is the Social Security “wage cap”? It’s the maximum income level taxed at the 6.2% rate for Social Security benefits. All income above the cap ($113,700 in 2013) is free and clear of Social Security (payroll) taxes. Yes, you read that correctly. All income above the wage cap is exempt from Social Security tax. It’s safe to say this is quite a regressive tax.
November 12, 2012
This is a bonus Fact of the Day and it comes from a conservative commentator.