Economy

Bernie Sanders backs millionaire tax to fix New York subway
realnews.today
New York City Mayor Bill de Blasio's fight for a "millionaires' tax" to help repair the country's largest subway system got a boost as U.S. Senator Bernie Sanders, one of the nation's most popular politicians, endorsed the plan on Monday. “What the mayo ...[Read more]
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Bernie Sanders awed by Canadian health care
realnews.today
U.S. senator and former presidential candidate Bernie Sanders says Americans have much to learn from health systems outside their borders, including Canada’s. “We do not in the United States do a good job in looking around the rest of the world and as ...[Read more]
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Slouching Towards Neofeudalism
realnews.today
eofeudalism is a concept in which government policies are designed to systematically increase the wealth gap between rich and poor while increasing the power of the rich over the poor. It’s a party-neutral idea. There is no cabal pushing the plan, merel ...[Read more]
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Trump Tax Reform Tilts Tax Code to Favor the Rich
realnews.today
If this Trump tax plan passes, Americans making $60,000 will still be paying over four times more of their income in payroll taxes than Americans who make $1 million... How much did your paychecks total last year? You know the answer, of course. So does t ...[Read more]
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Government Study Confirms $7.25 Minimum Wage Is Poverty Trap for Millions of Americans
realnews.today
Bolstering arguments that the minimum wage in the United States is a "starvation wage" that must be lifted, a new study by the Government Accountability Office (GAO) found that millions of families with a worker earning the federal minimum or just above i ...[Read more]
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Washington economic war against Russian gas supplies to Europe unacceptable
realnews.today
The United States would like to weaken Russia’s energy cooperation with the European Union, said former German Chancellor Gerhard Schroeder, adding it’s unacceptable to create barriers to Russian gas deliveries to the German market. "It’s wrong if t ...[Read more]
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Labour takes aim at tax havens as £13TRILLION of UK firms’ assets squirrelled away offshore
realnews.today
A mind-boggling £13trillion of assets in major firms who do business in the UK are squirrelled away in tax havens abroad says Labour. And Shadow Chancellor John McDonnell will tomorrow tell the BBC’s Andrew Marr how Chancellor Philip Hammond could grab ...[Read more]
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Corbyn: Hammond right to say Labour threatens whole economic system
realnews.today
Jeremy Corbyn will say the chancellor, Philip Hammond, is right to call the Labour party an “existential challenge to our economic model” as he pledges to lead a government that will overturn the economic status quo. ...[Read more]
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IMF: higher taxes for rich will cut inequality without hitting growth
realnews.today
Higher income tax rates for the rich would help reduce inequality without having an adverse impact on growth, the International Monetary Fund has said. The Washington-based IMF used its influential half-yearly fiscal monitor to demolish the argument that ...[Read more]
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Age, race, education – no matter how you slice it, wealth inequality in the US is astronomical
realnews.today
Wealth inequality is basically the same everywhere. The top 10 percent tends to own around 70 percent of the wealth. The next 10 percent tends to own around 10 to 15 percent of the wealth. And everyone else in a particular group owns a relatively negligib ...[Read more]
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GOP suppresses the report that proves Trickle Down Economics does not work
realnews.today
What do you do when the Congressional Research Service, the completely non-partisan arm of the Library of Congress that has been advising Congress—and only Congress—on matters of policy and law for nearly a century, produces a research study that find ...[Read more]
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