“Many people don’t understand our country’s problem of concentration of income and wealth because they don’t see it. People just don’t understand how much wealth there is at the top now. The wealth at the top is so extreme that it is beyond most people’s ability to comprehend. If people understood just how concentrated wealth has become in our country and the effect it has on our politics, our democracy and our people, they would demand our politicians do something about it.” (Source) Internet Site, National Income, Website, Tax Cut, Web Site, Percent Income, Income Gain, Income Pools, Income Inequalities
Twitter / whitehouse: 11 Facts about the tax debate...ONLY THE TOP 2% BENEFIT FROM REPUBLICAN PLAN!!
Read this and immediately thought Obama, but then asked my sister and mom who they thought said this without saying it was Hitler. Within seconds they both snickered and said Obama. That says something.
15 dollar minimum wage. When you pay local workers more, they spend more locally. When corporations don't pay the workers that profit is sent to the Cayman Islands to avoid taxes. We recently coauthored at report Los Angeles Rising: A City That Works for Everyone with the UCLA Labor Center and Institute for Research on Labor and Employment which looked at the consequences, both intended and unintended, of such a lift. We found that a phased-in increase to $15.25 by 2019 will put $5.9 billion more into the pockets of 723,000 working people, which will generate $6.4 billion in increased sales. That means that every dollar increase in the minimum wage generates $1.12 in economic stimulus. Businesses will hire more in response to the greater demand, creating 46,400 new jobs. Economicrt.org