Poverty

By Eshawney Gaston | – ( Otherwords.org) – I’m one of America’s millions of essential workers. We’re working in your children’s schools, at your grocery stores, and at drive-through windows. We’re cleaning your homes. And we’re struggling so hard to make ends meet. Congress is debating whether to raise the minimum wage to $15 an […]

Epidemics

The Real Threats to America are the Pandemic and Poverty; why Give Ever More Money to the Pentagon?

Tomdispatch

By Mandy Smithberger | – ( Tomdispatch.com) – This country is in a crisis of the first order. More than half a million of us have died thanks to Covid-19. Food insecurity is on the rise, with nearly 24 million Americans going hungry, including 12 million children. Unemployment claims filed since the pandemic began have […]

Employment

Why the Opponents of a $15 Minimum Wage are Wrong, Wrong, Wrong

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – Conservatives in both political parties want citizens to believe opposition to an increase in the minimum wage is a simple matter of supply and demand economics. If government regulators increase the price of hamburger, consumers will buy less hamamburger. Increase the price (wages) of labor and businesses […]

Inequality

Taxes on the Rich: One-Sixth of What They Used to Be

Inequality.org

By Bob Lord and Chuck Collins | – ( Inequality.org) – America hasn’t stopped taxing its wealthiest citizens entirely. But that’s where we’re headed. According to a new IPS briefing paper, the richest .01 percent of Americans, about 33,000 lucky souls today, now pay just one-sixth of what they used to pay in tax, when […]

Economy

Texas blackouts show why energy should be a universal right

The Conversation

By Gordon Walker | – An unprecedented cold wave in the US state of Texas recently left several million households without power for days on end, as temperatures dropped well below freezing. Dozens of people died from hypothermia, car crashes, house fires or carbon monoxide poisoning from running cars or generators simply to keep warm. […]

Epidemics

Covid-19 Demonstrated How This Country Fails Its Most Vulnerable: A Field Guide to Our Threadbare Social Safety Net

Rajan Menon

( Tomdispatch.com) – Economic crises shine a spotlight on a society’s inequities and hierarchies, as well as its commitment to support those who are most vulnerable in such grievous moments. The calamity created by Covid-19 is no exception. The economic fallout from that pandemic has tested the nation’s social safety net as never before. Between […]

Featured

Ted Cruz vacationing in Cancun while millions freeze is par for the Course for the US Filthy Rich and their G.O.P Lapdogs

Juan Cole

Ann Arbor (Informed Comment) – Sen. Ted Cruz abandoning Texas to its fate, with millions suffering without power, to go off on a vacation in Cancun, Mexico, is the perfect metaphor for America in the age of monopoly capital. After all, many American corporations have taken a prolonged tax holiday in the Caribbean. Some 18 […]

Development

Yes we need the $1.9 Trillion Stimulus: Real Unemployment is 3 times what they’re telling us

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – As Congress gets set to debate the Biden Pandemic relief package, one of the favorite Republican lines is the contention that an economic recovery is already well underway. Pouring more money into an accelerating economy is likely to induce seventies style inflation. It is time, they argue, […]

Inequality

The Gamestop Affair shows that America is over-financialized and needs a tax on speculation

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – It would be unfair to suggest that the titans of Wall Street are oblivious to poverty. One of their central themes is the role that financial literacy can play in teaching citizens how wealth is acquired and maintained. In their worldview saving and investing in the stock […]