Your tax dollars are subsidizing corporations that don’t pay emplotees a living wage. Robert Reich explains why raising the minimum wage is good business, and good for the economy.
Robert Reich website
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“Father Christmas” by Ray Davies, recorded by him with his group The Kinks in 1977. This video by Rick Rogan follows the lyrics, and Devotchka Duste’s video interpretation is also a good fit.
“Father Christmas, give us some money
Don’t mess around with those silly toys.
We’ll beat you up if you don’t hand it over
We want your bread so don’t make us annoyed
Give all the toys to the little rich boys.”
Note to Yanks: “Father Christmas” = Santa Claus.
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“More than 80 percent of the benefits of a tax change tucked into the coronavirus relief package Congress passed last month will go to those who earn more than $1 million annually, according to a report by a nonpartisan congressional body ….
The provision, inserted into the legislation by Senate Republicans, temporarily suspends a limitation on how much owners of businesses formed as ‘pass-through’ entities can deduct against their nonbusiness income, such as capital gains, to reduce their tax liability. The limitation was created as part of the 2017 Republican tax law to offset other tax cuts to firms in that legislation.
Suspending the limitation will cost taxpayers about $90 billion in 2020 alone, part of a set of tax changes that will add close to $170 billion to the national deficit over the next 10 years, according to the Joint Committee on Taxation (JCT), the nonpartisan congressional body.”
— “Tax change in coronavirus package overwhelmingly benefits millionaires, congressional body finds,” Jeff Stein, Washington Post
More:
“Coronavirus stimulus law has a tax loophole just for millionaires, report says,” Charles Duncan, McClatchy
“Millionaires to reap 80% of benefit from tax change in US coronavirus stimulus,” Amanda Holpuch, The Guardian
Related:
“White House, GOP face heat after hotel and restaurant chains helped run small business program dry,” Jonathan O’Connell, Washington Post
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“Sen. Bernie Sanders (I-Vt.) will soon introduce legislation that would require large employers such as Amazon, Walmart and McDonald’s to fully cover the cost of food stamps, public housing, Medicaid and other federal assistance received by their employees. The goal, he says, is to force corporations to pay a living wage and curb about $150 billion in taxpayer dollars that go to funding federal assistance programs for low-wage workers each year.”
— “Thousands of Amazon workers receive food stamps. Now Bernie Sanders wants the company to pay up.” Abha Bhattarai, Washington Post
Think about that on Labor Day Weekend.
More:
“Amazon urges employees to tell Bernie Sanders how much they love working there,” Summer Meza, The Week
“Amazon gets huge subsidies to provide good jobs—but it’s a top employer of SNAP recipients in at least five states,” H. Claire Brown, New Food Economy
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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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Women are expected to earn as much as men as early as January 2196, reports the World Economic Forum. WEF is the organization behind that annual gathering of radical populists at Davos.
The global gender pay gap has widened since 2015, when it was expected to close in 118 years. The United States has fallen in the rankings in the past year, from 23rd to 45th place in gender wage equality.
Download the report here.
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Short link: http://wp.me/p6sb6-oIR
Top image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.
Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine
“Father Christmas” by Ray Davies, recorded by him with his group The Kinks in 1977. This video by Rick Rogan follows the lyrics, and Devotchka Duste’s video interpretation is also a good fit.
“Father Christmas, give us some money
Don’t mess around with those silly toys.
We’ll beat you up if you don’t hand it over
We want your bread so don’t make us annoyed
Give all the toys to the little rich boys.”
Note to Yanks: “Father Christmas” = Santa Claus.
_____________
Short link: http://wp.me/p6sb6-mJA
Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.
Add to: Facebook | Digg | Del.icio.us | Stumbleupon | Reddit | Blinklist | Twitter | Technorati | Yahoo Buzz | Newsvine
“Father Christmas” by Ray Davies, recorded by him with his group The Kinks in 1977. This video by Rick Rogan follows the lyrics, and Devotchka Duste’s video interpretation is also a good fit.
“Father Christmas, give us some money
Don’t mess around with those silly toys.
We’ll beat you up if you don’t hand it over
We want your bread so don’t make us annoyed
Give all the toys to the little rich boys.”
Note to Yanks: “Father Christmas” = Santa Claus.
Related:
“A $57,670 Dollhouse, Other Christmas Gifts Rich Kids Opened This Morning,” Susanna Kim, ABC News
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Comments are welcome if they are on-topic, substantive, concise, and not boring or obscene. Comments may be edited for clarity and length.
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On this Thankgiving holiday, many low-paid Walmart employees held food drives — for each other. They typically make under $25,000 a year, have no medical benefits, and many must use food stamps. Activists thought Walmart owner Alice Walton might want to pitch in, so they put a giant food drive bin outside her $25 million Park Avenue condo.
Robert Reich has some background:
Don’t forget to pack a lunch this morning. Fast-food workers across the country are striking for a living wage, so’ll you’ll want to stay out of McDonald’s, Wendy’s, and Burger King. Don’t like cold sandwiches? Read this.
More:
“Fast food workers plan biggest US strike to date over minimum wage,” Dominic Rushe, The Guardian
“Fast Food Workers Plan Another Strike in 150 Cities,” Victor Luckerson, TIME Magazine
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