This is what a real America first trade policy would look like. Don’t want to produce your goods here? That’s fine we won’t enforce your patents and let others build those products here. Want to use slave labor and dump pollution in other countries, well we’ve got a tax for that.
“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.
Worker ownership is the only way to reverse the trend of income inequality. This is the future
“Simply put, when employees have an ownership stake in their company, they will not ship their own jobs to China to increase their profits; they will be more productive, and they will earn a better living,”
Sens. Bernie Sanders, I-Vt., and Kirsten Gillibrand, D-N.Y., have both pushed employee stock ownership plans, a potential tool to reduce income inequality.
Democratic Party – “why don’t more working class people vote for us?”
Also the Democratic Party – “let’s allow our billionaire donors to craft our policy positions!”
“In an exclusive interview with CNBC, Schwartz, a CEO of private investment firm BLS Investments LLC, said he’s held private dinners and meetings with House Speaker-designate Nancy Pelosi, Senate Minority Leader Chuck Schumer, state governors, donors and nonprofit executives to make his pitch.”
Democratic megadonor Bernard Schwartz says he’s had private dinners and meetings with House Speaker-designate Nancy Pelosi, Senate Minority Leader Chuck Schumer and other party officials to propose a unified economic policy platform for 2020.
Workers deserve a say in their companies management!
“Both historical evidence and common sense suggest that, had workers’ representatives been in every corporate boardroom this January, the Trump tax cuts might have actually trickled down into workers’ paychecks (instead of pooling in wealthy shareholders’ bank accounts). At a time of record corporate profits, and stubbornly tepid wage growth, co-determination is a simple way of rebalancing the gains of growth in ordinary Americans’ favor — without raising taxes by a single cent.”
Forcing companies to give workers representation on company boards is wildly popular, requires no tax hikes, and would almost certainly raise wages.
Modern Oligarchy began with Reaganomics, ie macroeconomic tax policy. Over the past 40 years, “trickle down” economics has created the largest disparity of wealth in American history.