From the article "Nine Things The Rich Don't Want You to Know about Taxes," by David Cay Johnston, Pulitzer Prize winning tax investigative reporter:
" Since 1980, when President Reagan won election promising prosperity through tax cuts, the average income of the vast majority -- the bottom 90 percent of Americans -- has increased a meager $303, or 1 percent. Put another way, for each dollar people in the vast majority made in 1980, in 2008 their income was up to $1.01.
Those at the top did better. The top 1 percent's average income more than doubled to $1.1 million, according to an analysis of tax data by economists Thomas Piketty and Emmanuel Saez. The really rich, the top 10th of 1 percent, each enjoyed almost $4 in 2008 for each dollar in 1980.
The top 300,000 Americans now enjoy almost as much income as the bottom 150 million, the data show.
Friday, April 22, 2011
Saturday, March 5, 2011
Why is a single category of employees being targeted for a budget deficit they didn't create? Why are politicians waging anti-labor campaigns and ignoring one very simple fact: unions were a major force in building and sustaining the great American middle class. As unions have declined, so has the middle class. Union membership has steadily fallen since 1967, and so too has the middle class's share of national income as the super-rich have taken a larger share of national income than any time since the 1920s. Another thing to think about - when unions are gone, so is a very significant source of funding for progressive political candidates. Do we really want a Corporate America in total control of our country's policies and politicians?
Saturday, February 5, 2011
“Let’s be the generation that
makes future generations
proud of what we did here.”
– President Barack Obama –
From Vice President Joe Biden:
I believe in the power of public service because I've seen what it has done throughout our country's history to combat social and economic injustice. And I am proud to say it's a story that continues in the remarkable progress we've made in the past two years. To tell it, Organizing for America has written Promises Kept.Take a look at the Promises Kept report of all the work we've done in two years—you can download a copy or have a few sent to you to share with friends.There's a whole lot to be proud of.Of course, the big ones come to mind first: historic health insurance reform, which is reining in the insurance companies and helping control the cost of care for millions of Americans; Wall Street reform, which put in place the toughest consumer protections ever; and the end of combat operations in Iraq, which brought more than 100,000 troops home.And there is so much more you've helped achieve that is right now improving lives across the country:
- We passed the Recovery Act, which saved and created more than 3 million jobs, provided the largest middle-class tax cut in a generation, and made landmark investments in clean energy, infrastructure, and education.
- We made critical investments in General Motors and Chrysler, saving tens of thousands of jobs—and perhaps the companies—and spurring a rebirth of the American car industry.
- We wrote into law student loan reform and credit card reform, which ended the worst abuses of the banking industries and are making lending fair for American families.
- We put two new Supreme Court justices on the bench—Sonia Sotomayor and Elena Kagan, who bring rich and diverse experience to the Court.
- We have begun to reset America's relationship with the international community, from the ratification of a new START nuclear arms treaty with Russia to tough new sanctions on Iran to strengthening our long-term partnership with a unified Iraq.
- And we finally repealed "Don't Ask, Don't Tell," which was the right thing to do—not only because it makes our military stronger at a time when it needs to be the strongest, but because we are seeking that military might with an abiding sense of justice.Telling the story of the past two years will be critical to the fights ahead. And it's not just the story of this president or this White House—it's your story.And it is literally proof that the organizing you do on the ground—the conversations you have with your friends and neighbors—is working.Now, I'm not going to say the last two years were easy—and I won't tell you the fights ahead are going to get any easier.But I didn't sign up for a cake walk. And I'm pretty sure you didn't either.We're here to move our country forward. We're here to lay a new foundation for this country—for our economy, for our politics, and for our children's and grandchildren's futures.And, as Barack says, what we will be able to accomplish together is in your hands.It's how hard we all work, and how well we all tell this story.Take a few minutes to read Promises Kept—and let's keep moving:Thanks for everything,Joe