Posts Tagged ‘economic inequality’

Equal Pay Day 2018

April 10, 2018

Equal Pay Day 2018

It’s Pay Equality Day, last of the 99 extra days into 2018 that American women worked to finally make the same amount of wages that men made by Dec. 31, 2017. The concept originated with the National Committee on Pay Equity in 1996 as a way to point out the economic injustice of  American women earning 82 cents when men are earning a dollar. Want to change that inequity? Look here.

In a timely decision, the 9th U.S. Circuit Court of Appeals ruled yesterday that employers can’t use workers’ salary histories to justify paying women less.

More:

“When Is Equal Pay Day? 2018 Is The Year Women Can Help Close It Once & For All,” Sarah Friedmann, Bustle

 

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Top image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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Steve Mnuchin Inadvertently Tells the Truth

April 9, 2018
Steve Mnuchin Inadvertently Tells the Truth

Steve Mnuchin and wife  view the tax refunds of average Americans.

“… government operates for the disproportionate benefit of oligarchs and government elites,” admits U.S. Treasury Secretary Steven Mnuchin.

Mr. Mnuchin was referring to the Russian government, but we fail to see any distinction from the way he and other Trump Administration billionaires operate in the USA. “Oligarchy” is not just a Russian word.

And the world’s oligarchs are globalized:

“U.S. sanctions ensnare Russians with ties to Trump world,” John Hudson and Paul Sonne, Washington Post

“Mueller’s team questioning Russian oligarchs,” Kara Scannell and Shimon Prokupecz, CNN

“NRA’s ‘Man in Moscow’ Hit by New U.S. Sanctions,” Daily Beast

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Dr. Martin Luther King, Jr. on Health Care

January 15, 2018

Dr. Martin Luther King, Jr. on Health Care

“Of all the forms of inequality, injustice in health is the most shocking and inhumane.”

— Dr. Martin Luther King, Jr. addressing the Medical Committee for Human Rights, 1966

Image source: Library of Congress.

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Trump to Meet Real Billionaires at Davos

January 12, 2018

Trump to Meet Real Billionaires at Davos

Serial bankrupt and reality-TV star Donald Trump will meet some real billionaires when he joins the global titans of business, finance, and economic policy in two weeks at the 48th World Economic Forum Annual Meeting in Davos-Klosters, Switzerland. Mr. Trump, an ethnocentric isolationist who publishes his economic policy on baseball hats, will converse with Nobel laureate economists, world leaders, and international financiers on the theme “Creating a Shared Future in a Fractured World,” which “will make a case for renewed commitment to international collaboration as a way of solving critical global challenges.” Since this is the kind of elite crowd and Globalist agenda Mr. Trump campaigned against, his presence at the Forum is baffling, especially since the Davos golf season ended in October.

The 2018 Forum is co-chaired by 7 powerful womenSharan Burrow (General Secretary, International Trade Union Confederation), Fabiola Gianotti (Director-General, European Organization for Nuclear Research – CERN), Isabelle Kocher (CEO of French multinational electric utility company ENGIE), Christine Lagarde (Managing Director, International Monetary Fund — IMF), Ginni Rometty (Chairman, President and CEO, IBM Corporation), Chetna Sinha (Founder and President, Mann Deshi Mahila Bank and Mann Deshi Foundation), and Erna Solberg (Prime Minister of Norway). Mr. Trump’s last meeting with women of so many nations involved a swimsuit competition, and didn’t have a code of conduct.

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Gloves, Because Poor People Touch These Things

November 21, 2017

Gloves, Because Poor People Touch These Things

Hedge fund manager and foreclosure king Steve Mnuchin, the current Secretary of the Treasury, recently visited the U.S. Mint to see newly-printed currency with his name on it. Mr. Mnuchin was clad in a plain dark suit, accessorized with a red tie and his newly-minted wife, the minor film star Louise Linton. Ms. Linton once represented a Scottish leather goods company, and was disappointed that her name could not be printed on the bills next to her husband’s as the Treasury’s “Brand Ambassador.”

Louise Linton was clad in about $10,000-worth of black leather Michael Kors garb she ordered straight from the catalog. The gloves alone cost $625; it would take more than a dozen of those uncut $1 bill sheets she’s holding to buy them.

Mr. and Mrs. Mnuchin previously raised the public eyebrow when they took a government plane to view the total eclipse from the roof of Fort Knox, the U.S. Government gold depository. “Glad gold is safe!” tweeted the Secretary later, probably because his wife wasn’t carrying a bullion-sized purse. Ms. Linton wore Hermes, Tom Ford, and Valentino for that occasion.

More:

“‘Like Bond villains’: What happened when Steven Mnuchin and his wife posed with a sheet of money,” Eli Rosenberg, Washington Post

“Louise Linton Clearly Wants America to Hate Her as Much as Possible,” Lizzie Crocker, Daily Beast

“Louise Linton Gets Mocked for ‘Disney Villain’ Style After Previous Tone-Deaf Outfit Controversy,” Jillian Ruffo, People

“With Long Leather Gloves, a Sheet of Money, and a Smize, Louise Linton Strikes Yet Another Pose in DC,” Kaitlin Menza, Vogue

“The Treasury Secretary’s Wife,” Kevin D. Wiliamson, National Review

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Tax Rates: Adam Smith Speaks

November 8, 2017

Tax Rates: Adam Smith Speaks

“The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess …. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

The Wealth of Nations, Adam Smith, 1776

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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com

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How Tax Breaks Help the Rich

November 3, 2017

“The gap between the rich and the poor in America looks more like developing countries than other Western nations.” A Vox explainer.

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Americans Think Hard Work Gets You Nowhere

June 7, 2017

Americans Think Hard Work Gets You Nowhere

“A new poll from the Strong, Prosperous and Resilient Communities Challenge (SPARCC), an initiative to bolster local economies, found that Americans are quite skeptical of the narrative connecting wealth with personal agency. SPARCC found that 74 percent of those surveyed believed that most poor people work hard, but aren’t able to work their way out of poverty due to the lack of economic opportunities. In the U.S., 19 percent of income inequality is attributed to predetermined circumstances such as a person’s race, gender, and parental income. The SPARCC report also points to past research showing that economic mobility and health outcomes are greatly affected by geography as evidence that individual hard work won’t ensure success because opportunities aren’t evenly distributed.”

–“Americans Are Pretty Skeptical That Hard Work Will Pay Off,” Bourree Lam, The Atlantic

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Top image derived from Urban Folklore from the Paperwork Empire, Alan Dundes and Carl R. Pagter (1975)

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Judge Orders Bottled Water Delivery To Flint Residents

November 11, 2016

Judge Orders Bottled Water Delivery To Flint Residents

Federal Court Judge David M. Lawson has ordered Michigan state and local governments to provide home delivery of at least four cases of water a week to each resident of Flint, unless officials verify that the household has a properly installed and maintained water filter. Deliveries must continue until the city’s water lead hazard ends.

Bottled water had previously been available for pick-up at various locations throughout the city, but restrictive access hours and limits per family placed the burden on residents, 40 percent of whom live below the poverty line. Many do not own cars, and had to walk to and from the water supply centers.

As Judge Lawson observed:

“In modern society, when we turn on a faucet, we expect safe drinking water to flow out. As the evidence shows, this is no longer the case in Flint. The Flint water crisis has in effect turned back the clock to a time when people traveled to central water sources to fill their buckets and carry the water home.”

The water became tainted with lead in 2014 when the Republican state government privatized Flint’s water utility, which then instituted cost-cutting measure while charging residents some of the highest rates in the nation.

More:

“Federal judge orders delivery of bottled water in Flint,” Paul Egan, Detroit Free Press

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Flint: Fear the Water

March 18, 2016

A New Yorker video, produced by Zackary Canepari and Jessica Dimmock.

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