Bernie Sanders, Elizabeth Warren, and other congressional progressives want to tax companies that overpay their CEOs. Most Republicans would go even further: A Harvard Business School study found that Americans think the right CEO-worker pay ratio is no higher than 7 to 1

All this could mean bipartisan traction for a new bill introduced by Senators Bernie Sanders and Elizabeth Warren and Representatives Rashida Tlaib and Barbara Lee earlier this month. It would raise the federal corporate income tax rate on companies that pay their CEOs more than 50 times their median workers’ pay.The bigger the gap, the bigger the hike. At a …

Taxing the Rich: Two Academics Lay Out Options In New Paper

Options to reverse Donald Trump’s $1.4 trillion tax cut and raise taxes on high income earners to ease income inequality and finance pressing needs. The following is Batchelder’s summation of their findings, which she presented on Twitter. You can read the full paper here. In Money Greed Power by KEITH GIRARD SEPTEMBER 12, 2019 BUDGET0 COMMENTS NYU law professors Lily Batchelder …

Wealth That Concentrates Kills

by Sam Pizzigati | Sep 12, 2019 | Economy, Featured, Future of Work, Health, Inequality | 0 comments The weight of the wealth that sits at the top of America’s economic order isn’t just squeezing dollars out of the wallets of average Americans. That concentrated wealth is shearing years off of American lives. The latest evidence for that squeeze on American wallets comes from the Census Bureau. Researchers there have just …

The UBI already exists. It is just unevenly distributed.

By Matt Bruenig, Peoplespolicyproject.org September 6, 2019 | EDUCATE! Max Sawicky has a piece in Jacobin that again repeats the clearly incorrect claim that it would be impossibly expensive to provide everyone in the country a significant cash grant each year. So what’s wrong with the UBI? In a nutshell, if it’s universal, it can’t be basic, and if it’s basic (provides a decent income …

Raising income, fairer taxes and addressing inequality

By Chuck Collins, Otherwords.org Four decades of stagnant wages plus runaway housing and health care costs have clobbered the middle class. In an economy with staggering inequalities — the income and wealth gaps are at their widest level in a century — the middle class shouldn’t be hit up a penny more until the rich pay up. The biggest winners of the last decade, in terms …

In Colorado, TABOR faces a reckoning with Prop. CC. Here’s what you should know about its impact on state spending

Sept. 4, 2019 Colorado Sun In 1992, Colorado voters decided state government should stop growing. But that didn’t stop them from demanding more public services and spending from their elected officials. That’s the tension at the heart of Proposition CC, this November’s ballot measure to eliminate the state’s revenue caps. It’s the single biggest test to the Taxpayer’s Bill of …

Can we tame capitalism by giving everyone a share of Wall Street

An Occupy Wall Street protest in 2011. (Linda Davidson/The Washington Post)By Jeff SteinAugust 20 The economist Giacomo Corneo is a self-proclaimed socialist. A professor at the Free University of Berlin, Corneo is steeped in the writings of Karl Marx and, in conversation, rattles off the beliefs of the founder of communism. The professor works with Germany’s Greens party. But on perhaps …