The Observer (editorial) The World Economic Forum’s annual Davos shindig “became a laughing stock a long time ago”, says The Observer newspaper. All those denunciations of global inequality by “corporate captains clinking champagne glasses” in the snow at shareholders’ expense have long seemed ridiculous. But the penny seems finally to be dropping that the game …
The chaos of the last several weeks have put a few things into stark relief. Two of the most obvious: who actually does the work essential for our world to function and how little value the wealthy put on this work. In industries like meatpacking, the corporations that our wealthy run are forcing a mostly …
Over the summer of 2019 the president indicated that his team thought low-income families were getting a too greedy about food. He announced a new plan designed to exclude hundreds of thousands of people from the food stamp program. This was done last December by tightening work requirements for able-bodied adults with no dependents, the U.S. …
Slipped into the recent corona virus relief package was a $170 billion tax cut for the wealthy that will give people earning over $1 million a year an average tax cut of $1.6 million per year. In 2020 alone, taxpayers will pay $90 billion for this wealth transfer to just 43,000 millionaires, 20 percent more than Congress …
Continue reading ‘What a relief! Help for deserving, struggling millionaires.’ »
Shake Shack is returning a $10 million federal loan after the Paycheck Protection Program that was meant to help small businesses ran put of money in less than two weeks of operation. The burger chain and other large businesses were able to get the money because the program covers any company with fewer than 500 …
