July 9, 2012
Republicans Are Fiscally Reckless
I know Republicans like to say Democrats are reckless when it comes to the federal budget, but it is in fact Republicans who are reckless.
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June 23, 2012
Income Inequality: Top One Percent Share Of Total Pre-Tax Income, 1913-2007
There will be naysayers who cite causality when they see a chart like the one below, and that is fine. I agree, we cannot directly correlate the top one percent’s share of total pre-tax income with all things that ail this country, but is anyone going to make the case that income inequality of this magnitude is healthy for the future of the United States?
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May 26, 2012
Video: ‘Death Spiral Of Falling Demand’ – Venture Capitalist Nick Hanauer On Viewpoint with Eliot Spitzer
Venture capitalist Nick Hanauer explains why people create the demand which then creates the jobs. He says he makes 1000 times more than the average worker but that doesn’t translate to 1000 times the consumerism of the average worker. He can’t makeup the difference. So with more wealth accumulating within a small pool of wealthy people, that means less wealth spread across the rest of the country. It means less purchasing power and less demand for products and services from tens and hundreds of millions of Americans. This is why supply side (trickle down) economics doesn’t work. We’ve tried it for 30 years. How many more years do we need to continue failed economic policy before we wake up and realize it will never work?
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May 25, 2012
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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May 25, 2012
Invention by Republican: CEO Pay And Corporate Profits Break Records – Proves GOP Narrative Is Bunk
We already know the Republican narrative of “too much government regulation” and “a president that is hostile towards business and capitalism” is nonsense, but now we have even more evidence that Republicans are full of shit.
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May 17, 2012
Big Business Has A Gun To Our Head And Republicans Like It
Republicans say if big business is uncertain about Washington leadership and future tax policy they won’t invest, they won’t create jobs, and in fact, they will take their business overseas.
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May 8, 2012
Federal Government Posts First Monthly Budget Surplus In Three Years
It’s a bit misleading, but the federal government had a $58 billion surplus in April according to the Congressional Budget Office (CBO). The surplus is due to tax season, which results in an April surplus most years even if the yearly numbers are still deep in the red. It’s notable because there hasn’t been a surplus month in three years and it could be a sign of an improving economy.
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May 1, 2012
Stephen King Scribes Tirade Against Right-Wing Anti-Tax Idealogues
In a Daily Beast op-ed, author Stephen King blasts the anti-tax crowd that controls the Republican party. King believes it is the patriotic duty of the rich to contribute more and if inequality is not addressed the rich, and their bought politicians, may ultimately face an unpleasant backlash.
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April 24, 2012
Tax Cuts, Especially For The Rich, Have No Significant Impact On Economic Growth
I have some news for Republicans and other fellow Americans who believe tax cuts for the rich will help the economy. If you think the rich are “job creators” and that their wealth will trickle down to the rest of us then you took the bait and swallowed it whole. The rich, along with their bought politicians, have you hook, line, and sinker. How much more evidence do you need that tax cuts, especially tax cuts for the rich, do not have any significant impact on economic growth? I don’t care what prominent Republican politicians and right-wing pundits are saying, it is entirely possible they are wrong. It’s also entirely possible they might not have your interests in mind when it comes to tax policy.
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