Tag Archives: Income Inequality

Raising the Top Marginal Tax Rate Isn’t the Answer to Wealth Inequality (We Need to Think Bigger)

Representative Alexandria Ocasio-Cortez believes that in order to pay for her Green New Deal, the US government should raise the tax rate on income over $10 million to up to 70 percent. Despite rabid opposition and cries of “socialism!” from conservative pundits and politicians, polls show the American people agree. People are tired of the growing concentration of wealth into the hands of a small … Continue reading Raising the Top Marginal Tax Rate Isn’t the Answer to Wealth Inequality (We Need to Think Bigger) »

It’s Time for a $15 Minimum Wage – A Look at the Raise the Wage Act

"March for a $15/hour minimum wage at the University of Minnesota" by Fibonacci Blue is licensed under CC BY 2.0

Today, Democrats in the House and Senate introduced the Raise the Wage Act of 2019. If successful, it would be the most important legislative win for workers in decades. The bill would: Raise the federal minimum wage to $8.55 in 2019 and increase it over the next five years until it reaches $15 an hour in 2024; Adjust the minimum wage every year after 2024 to … Continue reading It’s Time for a $15 Minimum Wage – A Look at the Raise the Wage Act »

North Carolina Tax Amendment Jeopardizes Students’ Futures

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 »

I Made Money Today

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 »

We Don’t Need or Want an Underclass to Look Down On

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 »

My Tax Philosophy

When we discuss economics there are, very broadly, two types of people: First, there are regular people. They mostly need to work, and a lot of them try to save enough so that they can retire someday. Some of them succeed, but increasingly, many do not. Being a regular person means spending most of your income. Some live very well, and some live very poorly. … Continue reading My Tax Philosophy »