Walmart Is The Corporate Embodiment Of America’s Growing Inequality

I have a secret to reveal. I used to regularly shop at Walmart. I live in the outer stretches of Philadelphia’s western suburbs, and Walmart happened to be the closest place to go food shopping. I was never enthusiastic about shopping at Walmart, and as my social and political views evolved, I grew even more uneasy with contributing my money to a company in opposition to my values. So nearly three years ago I stopped food shopping at Walmart, and in fact, I don’t think I’ve stepped foot inside a Walmart since then.

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Fact of the Day: The Social Security Wage Cap For 2013 Is $113,700

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.

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Mitt Romney Tax Return Scrutiny Calls Attention To Progressive Taxation

It’s quite possible the real reason Mitt Romney does not want to release more years of tax returns is that he knows it will only serve to put a sharper focus on progressive taxation in the United States. In fact he and his wife Ann have all but said that. They haven’t spelled out the specifics but they have said they won’t release more returns because it will result in more criticism.

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Supply Side (Trickle Down) Economics Doesn’t Work. Can We Move On Now?

This topic will never die on The Left Call, at least not until people stop believing the lie that is trickle down economics. This idea that we need to give rich people more money in the form of tax cuts before they will create more jobs would make for a nice laugh if it wasn’t so damaging to the country and to the prospects of income and wealth equality. And when I say equality, I don’t mean totally equal, I’m talking about getting back to something more reasonable, a time when CEOs only made 30 times the average worker instead of 300 times.

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