Historic evidence confirms what Progressives have always believed: Trickle-Down economic theory does not work. Yet, the GOP continues to base their plan for economic recovery on this discredited idea. We've addressed this issue multiple times in our blog, and in reviewing these articles we chose Broken Compact for a link to this post for readers who might like more on the subject. There are ot ...
This is a great chart by the Organization for Economic Co-operation and Development (OECD) that compares the income inequality and disparity from country to country. You can easily see that the US ranks very high in disparity, with only Portugal, Turkey and Mexico having higher rates of income inequality. We've become a banana republic!
Has There Been a Change in America's Distribution of Income in Recent Decades? Between 1979 and 2007 average US household income --- adjusted for inflation --- grew by 62%. But that growth was unequally distributed across the population. Income for families at the upper end of the income scale rose much more rapidly than income for households in the middle and at the lower end of the scale. ...
Check out this great graph which shows clearly that the union busting culture of the last 50 years in America has contributed to an ever larger income inequality for the nation. This slow degradation of our middle class has done more than just decimate a wide swath of our population --- it has severely impacted our ability to grow our economy. And this fact has hurt our people and our futu ...
Taking to the streets and 'getting in the way of power' has moved our nation forward at many critical moments in our history --- mobilized groups of citizens coming together in a struggle to improve society and promote justice are important themes in America's history. The social movements for abolition and women’s suffrage, civil rights and the minimum wage, the campaigns for clean air and ...
Federal regulations are strangling our economy ... NOT! John McCain claims that Federal regulations are causing the loss of billions and billions of jobs --- in a country with a population of just over 300 million! Hmmmm? How ever over-zealous McCain is in his rhetoric, the GOP claim that “over regulation” has cost jobs has already been thoroughly debunked. The AP recently did a fact check ...
When Social Security was first created it was thought of as "Worker's Insurance." It was set up as a fund all workers paid into, and that insured that if the family's bread winner was no longer able to provide for the family --- either through incapacitation, death or old-age --- that there would be income for that family which would replace the money that could no longer be provided by the breadw ...