median net worth among white households is about 1,200 percent larger than it is among their black counterparts; Trump’s law raids black and brown Americans’ paychecks to fatten the investment accounts of the largely white financial elite

By Katrina vanden Heuvel, Washington Post, June 26, 2018 The six-month anniversary of the Tax Cut and Jobs Act passed last week with little fanfare. Despite Republicans’ dishonest spin, most Americans recognize that President Trump’s crowning legislative achievement was a plutocratic heist that will do nothing to help working people. Greedy corporations have used their windfalls to reward chief executives and stockholders, while workers’ …

Last year, U.S. corporate outlays for stock buybacks totaled $800 billion. In May this year, corporate CEOs bought back $174 billion worth of their shares – not one making America’s companies more creative or productive

Last year, U.S. corporate outlays for stock buybacks totaled $800 billion. The buyback pace this year has quickened, as top execs rush to “invest” the savings they’re realizing from the GOP corporate tax cut enacted last December. In May alone, corporate CEOs bought back $174 billion worth of their shares, “an all-time record” for a single month. None of these buyback billions will …

7 things to know about our taxes. Corporations pay less than 9% of US taxes already, and fewer than 3% of workers getting anything from those corporate tax breaks.

Lindsay Koshgarian posted Apr 17, 2018 1. Thanks to the Trump tax deal, taxes are way down for corporations and billionaires. In 2017, individuals and corporations were still paying taxes under the old system. The Trump tax plan that Congress passed in December 2017 hadn’t yet taken effect. In 2018, the rules have changed. The new tax plan favors billionaires and …

Trump says fund infrastructure from a new mileage tax

Supporters say a vehicle miles traveled tax is more fair than increasing the gasoline tax because it would apply to electric and hybrid vehicles. (AP Photo/Wilfredo Lee, File) The Trump administration suggested Wednesday it could support a tax on drivers for the amount of miles they drive, as a revenue source to pay for its $200 billion infrastructure investment plan. …

Sat 27 Jan 2018 The Guardian   London’s cycle superhighway squeezes cars on Victoria Embankment. Photograph: Martin Godwin for the Guardian Imagine a healthy future. That we need to change radically was shown by a mass study of the health of 300,000 people that was at once entirely shocking and wholly predictable. Newcastle University found obesity and the lack of exercise (the two go …

No More Fairy Tales: Why the United States Needs a Whole New Operating System

BY THOMAS LINZEY Here’s one final New Year’s resolution: let’s stop lying to each other. Let’s stop lying about the state of the planet and what it will really take to fix it. Let’s stop lying about who the “founding fathers” were and what kind of constitution they wrote. Let’s stop lying to each other that we can fix everything by …

Promoting a federal jobs guarantee program and more: ask about impacts instead of budgets and deficits. Policymakers must learn that the deficit is not an excuse to ignore inequality

By Stephanie Kelton, 5 Jan 2018 Budget deficits can be a very powerful weapon in the battle against poverty, inequality, economic environmental and social justice. I worry very much about the vilifying of budget deficits and the use and reliance and dependence on questions of how social spending will impact budget deficits, to the complete disregard for the impact of programs …

Cities Alone Can’t Fix What’s Wrong With American Government

By Joe Cortright, 6 Feb 2018, CityLab.com Localism can only flourish with a competent, generous, and fair federal government. In the past year, a growing chorus of voices, disillusioned by growing polarization, has called for cities to be our saviors. Take Richard Florida’s description of the latest of these “The New Localism.” “In a time of national dysfunction and, frankly, …

Major corporations are planning to spend more than 30x what they are putting in the wallets of employees on buying back their own stock, benefiting wealthy shareholders

Washington Post By Rick Wartzman and William Lazonick, February 6, 2018  Rick Wartzman, director of the KH Moon Center for a Functioning Society at the Drucker Institute at Claremont Graduate University, is author of “The End of Loyalty: The Rise and Fall of Good Jobs in America.” William Lazonick is an economics professor at UMass Lowell and president of the Academic-Industry Research Network. Don’t …

Angelenos spent 102 hours in peak hour traffic on average, last year. Traffic speed in London hasn’t risen in 150 years (was 3.5 mph then and is still)

Americans are driving farther and longer than ever before, according to the U.S. Department of Transportation. For 2017 through September, Americans drove 1.3% more — or 32 billion more miles — than in the same period in 2016.1 That’s equivalent to about 170 round trips between the Earth and the Sun. Other countries are seeing a similar trend.2  Economics are a contributing factor, …