Normally, the basic idea of our tax system is that you figure out how much you profit on a transaction, then pay tax as a percentage of that profit. Unfortunately, our tax code is broken, and people like Jared Kushner have taken advantage of that. The simplest explanation for this is that the tax code is very complicated, and it isn’t the responsibility of taxpayers … Continue reading Our Tax Code is Broken When it Comes to Real Estate
Recently, Amazon announced it will begin paying its full-time, part-time, seasonal, and temporary workers a minimum wage of $15 per hour. To be clear, this is great news. The question is: why did we have to wait for Amazon to do it? There should already be a federally mandated minimum wage of $15 per hour. Since 2009, the federal minimum has been stuck at just … Continue reading Why Did We Have to Wait on Amazon to Pay a Fair Wage?
In Trump’s latest efforts to enrich wealthy people like himself, his administration recently proposed indexing the capital gains tax rate to inflation. This change would give billions of dollars in tax cuts to wealthy investors, while giving no relief at all to the working class. Right now, the capital gains tax is one of the only safeguards against the upper class’s unprecedented accumulation of wealth, … Continue reading How Many Tax Cuts Do Millionaires Need?
It seems like every day we see another news story about how conservative politicians found a new and innovative way to disenfranchise minority populations living in urban centers. But while voter ID laws and partisan gerrymandering (rightfully) earn significant outrage, there’s another issue discriminately shifting political power in virtually every state that’s flown under the radar: prison gerrymandering. Prison gerrymandering is the practice of state … Continue reading “One Person, One Vote” Doesn’t Count for Urban Communities
Every time I turn on the financial news, I see that the stock market (on average) has been rising for a record amount of time (3,453 days as of the writing of this piece). Every program trumpets this consistent rise in value as an incredible positive for the American people. But who’s it really helping? It’s been working for me. I made about $18,000 today … Continue reading I Made Money Today
In her recent piece in the New Yorker “Gospels of Giving for the New Gilded Age,” Elizabeth Kolbert rightly calls out the American donor class for their underwhelming philanthropic leanings. Too many ultra-wealthy Americans spend millions of dollars on efforts that may purport to make the world a better place, but that in many instances do nothing but serve to further their own ideological vision for what our society should look like.
As a U.S. citizen, I understand our taxes go towards paying for things we as a society feel are necessary.
Congressional Republicans sure have a hard time with math. In the most recent House budget, they included massive cuts to the Pell Grant program, which allows millions of students each year to better afford a college education, all in the name of fiscal responsibility. We can’t afford it, they say. It’s a sign of how quickly things change, I guess, that we suddenly can’t afford … Continue reading Bye Bye Pell Grants, Hello Even More Student Loan Debt
Americans across the country are justifiably up in arms over the latest Supreme Court Justice nominee, Brett Kavanaugh. Mr. Kavanaugh is an avowed partisan, hostile to women’s rights and consumer protection policies, as well as the conservative boogie-man, “Big Government.” What many Americans don’t know, however, is how his addition to the court could change the role of government generally, and in workplace safety specifically … Continue reading Confirming Justice Kavanaugh Means Freedom… from Being Safe?
Since 1984, when CoreCivic got the first contract to operate a for-profit prison, there has been a massive increase in private corporations finding ways to enrich themselves off mass incarceration. While it is unclear whether private interests or tough-on-crime public policy first fueled this epidemic, the result is that the U.S. has five times as many inmates as any other country. Unfortunately, this crisis touches … Continue reading Prisoners Can’t Support Their Families, But They Can Make Investors Rich
If other countries believe our president is willing to overlook bad conduct in exchange for personal gain, then they have no reason not to act badly.
With all the talk surrounding money in politics, little attention has been paid to how this issue limits the candidate pool. Essentially, we are seeing now more than ever the devastating results of money in politics in the form of limiting the ability of potential candidates to afford running for office. There have been many reports on how expensive elections have become, but few have … Continue reading Who Should Run for Office?
Last year, when the GOP passed their $1.5 trillion tax bill, they announced it would put $4,000 back in the average American’s paycheck. If this were true, this Tax Day, which is 15 weeks into the year, the average American should have an extra $1,153.85 of the $4,000. Do you? If your answer is an emphatic no, you’re not alone. Across the country, there has … Continue reading Are You Still Waiting on that $4,000 raise?
*This post was written in response to the April 8th Wall Street Journal “You Won’t Believe the Names the Left is Calling ‘No Labels’” Some people want to have no labels applied to themselves, others of us choose to be labeled. I support certain candidates because I believe that certain policies will make our great nation the kind of nation where I want to … Continue reading Label Me, Please.
The mayor of Mount Vernon, NY, a city of around 70,000 citizens just north of New York City, has been charged with several felonies, essentially for stealing money from his own campaign committee. Mayor Richard Thomas also spent tens of thousands of dollars raised for his inauguration on personal expenses, but that is apparently not illegal. New York State law clearly prohibits using money raised … Continue reading Elected Officials and Outside Income — Not a Good Match
There are vast differences between the lives of a rich person and a poor person. As someone who finds himself in the former category, I know that the majority of these differences privilege my experiences and opportunities over the other. In a truly democratic and safe society, these benefits should stop once the criminal justice system enters into the equation, but this is not the … Continue reading Do Millionaires Worry About Going to Jail?
With so many contentious aspects of the omnibus being highlighted in the news cycle, it’s easy to ignore the seemingly innocuous touting Trump has done in the aftermath of the legislation’s passage. Unfortunately, the president’s musings over enacting a presidential line item veto is not simply hot air, and while many presidents have called for one before, the proposal has never been as potentially detrimental … Continue reading Trump Wants to Take Even More Power From Congress
On February 24th, 2018 Chair Morris Pearl spoke at the Working People’s Day of Action rally in New York City. Below are his thoughts. I’m standing on the podium at the Working People’s Day of Action. It’s twenty minutes before call time and there are already at least a thousand people here. Hospital workers from local 1199. Teachers from the United Federation of Teachers (UFT). … Continue reading Working People’s Day of Action
One of the ills of American capitalism is the growing concentration of wealth in the hands of a few. At this very moment, the gap between rich and poor has never been wider, and it is only growing. As we are unable to even broach the discussion of maximum wages, we frequently argue over raising the minimum wage. These conversations quickly turn to ad hominems … Continue reading We Don’t Need or Want an Underclass to Look Down On
A few minutes after ten o’clock yesterday, House Minority Leader Nancy Pelosi started talking about some of the Americans who, as young children, arrived in this country with their families and have been here doing all of the things that make America America ever since: creating businesses, teaching our youth, even curing cancer. She is stumbling over pronunciations of names from Mexico and Thailand, from … Continue reading Who was Nancy Pelosi Talking About?