Happy labor day from the FBM
The world’s epicenter of capitalism is the United States, and its reach/power/influence circumnavigates the globe. The elites of the capitalist class are no longer tied to territoriality or driven by national competition.
If structural shifts cause good jobs to decline even while educational attainment shoots up — which is our present reality — inequality and poverty will still grow.
Do conservatives and liberals in the US converge ideologically on matters of economic fairness?
There is never any reason why shifting marriage norms should generate more inequality unless, of course, we allow it to do so.
“Treating distortions as categorically good or bad is simply untenable in any given ideology — especially the laissez-faire one — and also has the unfortunate additional quality of making absolutely no sense.”
A new study has Reuters reporting that the rich “have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues.”
The following article was published in my blog Daniel’s Den this week. Art Carden of Forbes magazine posts an article that begs for my response.
By definition … if no criminal charges are filed, the coup is complete.
The right-wing has an unjustified obsession with the capital gains tax.