Raising the Minimum Wage is Good for Cities
Last week the Wall Street Journal Published an opinion piece by Michael Saltsman decrying San Francisco’s minimum wage hike.
Tag Archives: Income Inequality
The Case for the Corporate Tax Rate
It is absurd to think that corporations, particularly large, multi-national corporations who pay millions in stockholder dividends and corporate bonuses, should pay a lower tax rate than most working Americans.
We Can’t Afford to Return to Regressive Taxation
I am outraged. “45” spent his entire campaign claiming that he would stand up for everyday Americans, and yet his recent tax proposals are nothing more than thinly disguised handouts for the wealthy. Not the wealthy…the super wealthy!
The American Wage Problem
We have a wage problem in the United States. Our current system is not working. It is harming our economy and money is not going to those who need it most but to the wealthiest.
Fight for $15: Rally to Raise the Wage
This morning the Patriotic Millionaires took to the streets once again to fight for a fair minimum wage. Vice-chair Stephen Prince spoke at a rally to raise the minimum wage alongside Senators Bernie Sanders, Patty Murray, and Chuck Schumer.
Our Economy is Most Functional When All Americans Can Afford to Participate
The purpose of the American minimum wage is to ensure that all Americans are able to earn enough money to provide for the basic needs of themselves and their family.
How Much Inequality Can We Handle?
The United States has the highest level of income inequality in the developed world. Economists think our wealth inequality is even greater. It is inherently unfair, even immoral, for me and many others to live in opulence while millions of Americans struggle just to get enough to eat.
It’s the Inequality, Stupid!
“Make America sick again,” goes the chant of Democrats around the country to resist the Republican repeal and replace agenda for the Affordable Care Act.
Writing a Future ‘Off the Books’
Representative Rick Mulvaney, Trump’s pick to head the Office of Management and Budget, is under fire for failing to pay more than $15,000 in payroll taxes for a nanny he employed between 2000 and 2004.
Delivering on the Promise for Shared Prosperity
Furthermore, we allowed the strengthening of these neoliberal economic policies while globalization and technological advances accelerated the advance of inequality–in wages and in wealth. So now we have inequality which has risen to peak levels, and in the US it is worse than in any other developed country.
Patriotic Millionaires to Congress: Cut Americans a Better Deal
In these meetings, the non-partisan Patriotic Millionaires demanded Democrats and Progressives draw a firm line in the sand in negotiations with President-elect Trump and GOP leadership around taxes and minimum wage.
Prince of Pragmatism: Inclusionists vs. Exclusionists
Exclusionary policies that disproportionately affect minorities, women, or people of the LGBTQ community, only further detract from the American economic potential.
More Chobani Capitalism, Please
Companies with employee partners don’t bother with phony empowerment — offering low-paid employees titles like “associate” or “team leader.” They share real wealth and power.
Living Wages or More Walmarts?
Worstall argues that raising the minimum wage in Washington DC to $15 an hour will hurt low income workers because — get ready for it — Walmart can’t come to town.
Pearls of Wisdom: Wealth and Income Are Not The Same Thing
We hear a lot of talk about pay: how much CEOs earn, how little waiters get, etc. While an important indicator, wages do not fully address the real inequality in our nation.
High Executive Pay: 96 – Patriotic Millionaires: 4
Stephen made a compelling and provocative argument that many corporate executives were raping their companies with the consent of the voting shareholders. He made a strong case that facilitating this was creating a risk to BlackRock’s reputation, just as allowing sexual harassment creates a risk to company’s reputations.
Pearls of Wisdom: Investment Firms Could and Should Use Their Power for Good
BlackRock almost always votes its shares in favor approving higher CEO pay for the companies in which they are invested… Our member, Steve Silberstein, disagrees.
Should BlackRock “Say To Pay”
Patriotic Millionaire Stephen Silberstein is leading an effort to shine a light on exorbitant pay packages through a shareholders resolution at BlackRock Inc., one of the largest fund managers in the world.
Patriotic Millionaires Concerned by Spread of Inequality
The picture that Pew has painted is not only the product of globalization. It is the product of decades on end of special interest lobbying, bought-and-paid for policy and modern-day political corruption intentionally designed to create ever-increasing wealth for the already wealthy.
Fred’s Focus: Who Has the American Working Class’ Back?
For the last three and half decades, American workers have largely been on their own. With the exception of labor unions, they have had no go for broke champion to help them navigate through the political scene.