February 3, 2014

Robert Reich Says We Should Set A ‘Maximum Wage’ For Top Executives

The minimum wage has not kept pace with inflation, this is a fact that not even Republicans attempt to refute, at least not that I’ve seen. But do you know what has far outpaced inflation? Executive pay. According to a Facebook post by former labor secretary Robert Reich, when minimum wage was first enacted in 1935 it was “intended to represent society’s sense of minimally decent pay.” Reich says at that time “executives were paid about 20 to 30 times the average wage.” But we all know what has happened over the decades.

∼ Continue Reading ∼

• • •

October 21, 2012

Demonizing Wealth? Have You Paid Attention To Who Is Prospering Lately?

I’ve written about this topic before in response to an article comment, and I’m going to write about it again in response to another comment. — There are a number of average Americans willing to step up to the plate and defend the wealthy. They believe there is a class war against the rich. They believe President Obama is against wealth. They believe Democrats and liberals are against success. But where does this belief come from? I have serious doubts that so many average Americans simultaneously came to this conclusion. No, they believe wealth is being demonized because wealthy powerful people are saying just that, and they choose to believe it. And I don’t know why.

∼ Continue Reading ∼

• • •

August 15, 2011

We Need The Trickle To Stop

I’ve written before about the failed ideology of trickle-down economics. It amazes me that so many prominent Republicans can continue to support this lie despite a mountain of evidence to the contrary. If tax cuts create jobs then how do we explain the past 10 years of the Bush tax cuts? If increasing taxes kills jobs then how do we explain the 1990s? If higher tax rates mean that investors will flee then how do we explain the much higher tax rates in the many decades leading up to the 1980s? You probably heard that billionaire Warren Buffett famously said that his secretary pays a higher percentage in taxes then he does. Warren is again raising awareness to the failed ideology of trickle-down economics in a New York Times Op-Ed article. Below is an excerpt from that article.

∼ Continue Reading ∼

• • •