“When Ronald Reagan took office, affluent Americans paid a 70 percent tax rate on all income above $216,000. In the decades since, our country’s highest earners have seen their annual pay skyrocket, while the median household’s has barely budged. As a result, America’s 160,000 richest families now lay claim to 90 percent of its wealth. Studies suggest that this kind of inequality erodes social trust, abets plutocracy, and depresses economic growth. Politicians from both major parties routinely suggest that they see inequality as a major problem.”
Economic research and opinion polling suggest there’s nothing “extreme” about taxing incomes over $10 million at pre-Reagan rates.
Sham democracy, sham republic, sham country
Critics of the North Carolina’s congressional maps, ruled unconstitutional by a court, said they provided a “protective sea wall” for Republican members during a pro-Democrat national environment.
-34 percent of all American workers made less than $20,000 last year.
-48 percent of all American workers made less than $30,000 last year.
-59 percent of all American workers made less than $40,000 last year.
-68 percent of all American workers made less than $50,000 last year.
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I guess North Carolina is missing out on making America great again…
North Carolina will receive less than 1 percent of the federal funds it requested to cover damages associated with Hurricane Matthew, which hit the East Coast in October.
“Just 100 companies have been responsible for 71 percent of greenhouse gas emissions since 1988, but only *YOU* can stop climate change!”
Matt Lubchansky Comics / The Nib
So unemployment is at a supposed 49 year low, yet wages remain stagnant. Our economy is fixed. All the gains flow to the top. Until we build a more equatable economy, normal workers won’t feel any gain from these “good times”
The U.S. unemployment rate fell to 3.7 percent in September.
President Trump on Monday imposed tariffs of 30 percent on imported solar panel technology in a bid to protect domestic manufacturers while signaling a more aggressive approach toward China.
It should be higher, but we support this
“Top White House adviser Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year, with the revenue paying for tax cuts for the rest, according to three people who’ve spoken to him recently.”
Steve Bannon is pushing for tax reform to include a new 44 percent top marginal tax rate, hitting people who earn more than $5 million a year.