Some members of the Patriotic Millionaires inherited their wealth or accumulated it from highly paid employment or investments that did very well. I, on the other hand, earned much of my own wealth through my knowledge of the American tax system and the advantages it gives to wealthy investors. By using extremely favorable tax laws, I was able to postpone paying taxes on the profitable … Continue reading Why I Am A Patriotic Millionaire: Dr. Karen Seal Stewart
The manner in which taxes are computed vastly favors the wealthy. Workers pay higher taxes on wages than those living on investment income — and workers also have to pay Social Security and Medicare taxes on their wages but investment income recipients do not. A comparison of taxes due for 2018 for two married couples illustrates the gross inequities: Couple No. 1: Trust Fund Babies. … Continue reading Workers Pay While Trust Fund Babies Play
With Tax Day approaching, now is as good a time as any to examine what the results of the GOP tax cuts have been. Thus far, the economic boom supposed to be felt across the country has been delayed, perhaps indefinitely. Here’s the proof: Job growth is achieving the same three-month average the country has been seeing since January 2015. As predicted by the Center … Continue reading Where’s the Economic Boom We Were Promised?
This year is the 25th anniversary of the Family and Medical Leave Act (FMLA), which enables qualifying employees to take unpaid but protected leaves from their workplace. While this was a good start, in the years since, paid leave legislation at the federal level has stalled and women have paid the price. Luckily, California has decided to do something about this. As of January 1 … Continue reading Best Fringe Benefit: Caregiver Paid Leave
After the Supreme Court decided that George W. Bush won the 2000 election in which thousands of Black voters were purged from Florida’s voter registry because of similar names to actual criminals, a reporter named Greg Palast wrote a book titled “The Best Democracy Money Can Buy” in which he asserted that the election had been stolen by such shenanigans perpetrated by the Rich and … Continue reading Creating a Corporatocracy