The brouhaha about whether the private sector is doing fine misses the distinction between the corporate side and the worker side, where workers lost most of their gains over the last two decades. The Romney attack on public workers, particularly firefighters and teachers, is just the flip side of of how this happened.
|By: David Dayen Tuesday June 12, 2012 1:05 pm|
|By: fatster Monday June 4, 2012 6:20 am|
Fatster’s news roundup from the June 3, 2012, including weekend stories about, Scott Walker, Jeb Bush, Mark Kirk, Syria, Iran, Pakistan, state budgets, Paul Krugman, Federal Reserve, corporate profits, Politifact, John Paul Stevens, Hillary Clinton, MERS, George Zimmerman, and much more.
|By: Dean Baker Sunday February 5, 2012 1:59 pm|
Ellen Schultz has given us a fascinating account of the ways in which corporate America has been able to game legal and accounting rules to emasculate the private pension system. It was only a few decades ago that a secure pension was a staple of middle class life. Workers in middle class jobs, whether in offices, construction, or manufacturing expected to have a pension in retirement to supplement their Social Security income. In many cases, the pension would provide the larger portion of their income, with the Social Security benefit being the supplement.
|By: James K. Galbraith Sunday January 29, 2012 1:59 pm|
The Benefit and the Burden begins with a short history of American taxation and a description of the core issues in the definition of income. It follows with some discussion of the principal economic arguments that have flowed around the relationship between taxes, growth and fairness, and then proceeds to examine the issues surrounding preferences in our tax code – for housing, for charitable contributions, for capital gains, and the problem of taxing corporate profits. It ends with a discussion of reform proposals, and Bruce makes his case for a VAT to close the revenue gap and fund the government that we will need, among other things, to support an increasingly elderly population.