You are currently browsing the tag archive for the ‘Sam Latham’ tag.

income_growth_and_inequality

You should be making $18,000 more a year right now.  And would, except for the inequality put in place  beginning with the trickle down policies of Ronald Reagan… now more appropriately called “tinkle” down economics… 

The bottom get pissed on.

The heavy line shows where you would be if the average rate of growth from across the years ’79 to ’10 were applied evenly.  The lighter line shows the reality….

99% of us are all earning an average of $18,000 less than we should be…  So how does this break down?

Average household incomes grew by 53.4 percent from 1979 to 2007. But that didn’t break down equally:

  • The bottom fifth of households saw their income go up by 29.2 percent, well below the 53.4 percent average.
  • Income for the middle fifth of households grew by a measly 19.7 percent.
  • But how did people a little higher up, but not at the very top, do? A little better, but still below average: households between the 81st and 90th percentiles—so in the bottom half of the top fifth of the income ladder—had just 39.1 percent income growth. Again, well below that average of 53.4.
  • So how far up do you have to go before you hit the average? The 91st to the 95th percentile almost got there, with 53 percent average growth. But they fell just short. Households between the 96th and 99th percentile seriously exceeded 53.4 percent, though. They had average income growth of 78.1 percent.
  • That’s nothing compared to the top 1 percent, though: Their income grew by 244.7 percent, close to five times the average.

It is clear that most of the overall income gains from 1979 to 2007 bypassed the vast majority of American households. As such, their living standards are lower than they would be had these gains been shared more broadly.

Ways To Share More Broadly.

A.  Raise the Minimum Wage:  $10.10 is a start.  

B.  Organize More (and throw out ineffective current bosses) Unions. Override All State Laws Outlawing Unions.

C.  Reduce Wage Theft:  charging workers for uniforms, drinks, food, supplies. Cheating on overtime.

D. Tax the top 1% appropriately…  Include Capital Gains as income. Tax Corporations at the same rate as individuals. Raise the top marginal percents to these levels…

  • Over $1 billion in income…  tax rate of 60%
  • $500 million to $1 billion in income  = 55%
  • $100 million to $500 million in income  = 50%
  • $50 million to $100 million in income =  45%
  • All the rest: no change….  

On top of this, allow all money put into capital improvements, to be deducted dollar for dollar. (Capital improvements require building things).  The rational is that if you put that money into capital improvements, you are improving this nation as much as if you were directly paying taxes to it.  Perhaps more so.

This can be done, but it must be done with a Democratic Executive, and over 60 Democrats in the Senate (or change the filibuster rules), and a fully Democratic House.  That is what has to happen for any change.  If it doesn’t happen then Americans rightly get what they deserve for being stupid.  Because we all know that Republicans are quite happy with the very fact that you ARE making $18,000 less than you should and quite happy that they are the ones receiving it, not you……. 

It wasn’t supposed to go that way. And it shouldn’t go that way….. 

 

 

 

 

 

Advertisements

And back date it to apply to all transactions starting after midnight, January 1, 2011….

A giant 248 MW power plant is going into a residential neighborhood.  That is unheard of.  We know Rowan jumped out of a similar deal.

Every human being in Delaware should demand (because they will soon breathe the toxins) that the UD lose its proprietary status, and that we find out what is really going on.

They were up front with Rowen and Rowen said no thank you… The University of Delaware is sitting on valuable information required by all to make a balanced decision, without which a gigantic lifetime mistake could occur….

Obviously they want that mistake to occur…

So, to fight back, they should lose all future protection from FOIA requests…  All it takes is a change of one sentence…..

A statement (not a rhetorical but an action that has grave consequences),  needs to be emphasized:  that if you want of fuck with the citizens of the town of Newark, it will cost you.  It WILL cost you…..

Here: John and Paul….

04/15/2014
Long Title: AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO DEFINITION OF PUBLIC BODY.
Synopsis: This bill would include the President’s Offices of the University of Delaware as being defined as a public body, and would therefore serve to open it to all FOIA inquiries.  Furthermore this bill would reach back to  midnight January 1, 2011 and require the University to legally fulfill all FOIA requests for information dating henceworth that period in time.

Section 1.  Amend § 10002(h), Title 29 of the Delaware Code  by making insertions as shown by underlining as follows:

(h) ”Public body” means, unless specifically excluded, any regulatory, administrative, advisory, executive, appointive or legislative body of the State, or of any political subdivision of the State, including  the University of Delaware, but not limited to, any board, bureau, commission, department, agency, state university, committee, ad hoc committee, special committee, temporary committee, advisory board and committee, subcommittee, legislative committee, association, group, panel, council or any other entity or body established by an act of the General Assembly of the State, or established by any body established by the General Assembly of the State, or the University of Delaware, or the Presidents Office of the University of Delaware, or appointed by any body or public official of the State or otherwise empowered by any state governmental entity, which:

and… Section 1.  Amend § 10002(l), Title 29 of the Delaware Code  

(i) ”Public body,” “public record” and “meeting” shall not include activities of the University of Delaware and Delaware State University, except that the Board of Trustees and all offices of the President of the University of Delaware and the Board of Trustees and all offices of the President of the  Delaware State University shall be “public bodies,” and that the University and University documents relating to the expenditure of all private and public funds shall be deemed “public records,” and each meeting by the President or of the full Board of Trustees of either institution shall be deemed a “meeting.”  This action will apply retroactively to January 1, 2011.

 

We may all die of asphyxiation, but we won’t die without fighting back……