[In honor of Tax Day, we’ve decided to release an excerpt from Tax the Rich! How Lies, Loopholes, and Lobbyists Make the Rich Even Richer by Morris Pearl and Erica Payne. Order your copy today!] There’s a reason that rich people and politicians focus most of their attention, their lies, and their behind-the-scenes manipulation on our tax code: it’s one of the single most important … Continue reading Happy Tax Day! Let’s Tax the Rich
Tuesday, North Carolinians will be able to vote on a ballot initiative that would change the economic trajectory of our state for generations to come. I’m talking about the amendment to lower the maximum tax rate on incomes from 10% to 7%. If approved, this change would severely hurt our state’s ability to govern effectively, as well as compromise the integrity of our education system. … Continue reading North Carolina Tax Amendment Jeopardizes Students’ Futures
In this op-ed, legendary venture capitalist and Patriotic Millionaire Alan Patricof calls on his peers in the fund management business to set their self-interests aside.
Our Chair Morris Pearl challenged Mike Sommers to a public debate and Mike has not yet responded. If this is the best argument he’s got, that was probably exactly the right decision.
If conservatives don’t want people to be dependent on government, they should make it possible for them to be dependent on themselves. When people can stand on their own two feet, they can change the world.
Last week, the Private Equity Growth Capital Council announced Mike Sommers, former Chief of Staff to Speaker of the House John Boehner, as its incoming president and CEO. The trade association has been at the center of a battle over the carried interest loophole, a ridiculous rule in our tax code that allows managers of private investment funds to pay capital gains rates on money they earn managing other people’s money.
An upcoming Epix documentary series, “America Divided,” will investigate social, economic and political inequality. Patriotic Millionaires Norman Lear and Lawrence Benenson are working to bring it about.
At some point, legislative influencers will realize that they have to act on raising the federal minimum wage. What kind of deal will they strike? Politicians could have much to lose. Democrats will have much to prove.
This Monday, on Martin Luther King holiday, Oxfam released its annual report on inequality. The report found that the world’s 62 richest people now own as much wealth as the “the bottom half of humanity,” – some 3.6 billion people.
“Is there anyone on stage – can I see hands – who is willing to pledge their support to a policy that would save taxpayers millions of dollars, decrease dependency on government programs, and provide a significant boost to the economy while simultaneously re-asserting a central tenet of the American social contract? Again, we’re looking for you to raise your hand now, raise your hand now if you will make that pledge tonight.”
Today, Amalgamated Bank announced it will raise all employee wages to a minimum of $15 an hour effective immediately.