August 10, 2011
RE THE LETTER from Todd S. Cohen, "Eat the Rich, Too?": Are you a tea-party member, "Faux Snooze" watcher? Because you sound typically brainwashed! Try usa.gov and other credible sites of truth before you back such morons as Sarah Palin and Michele Bachmann. The so-called "job creators" are the very ones sending our jobs overseas! They've had 11 years of GWB's tax breaks but created zero jobs. During the '70s, the top 1 percent of Americans held about 8 percent of the wealth because of taxes.
January 29, 2014
FIFTY years ago, Lyndon Johnson used his first State of the Union address to declare a war on poverty. At that time, 19 percent of Americans lived below the poverty line. Thanks to the programs created during Johnson's war - including Medicaid, Medicare, food stamps and Head Start, among others - poverty was cut by one quarter over three years. Today, at 16 percent, the poverty rate is just three percentage points below 1964's high-water mark; the United States now has 11 million more people living in poverty than it did 50 years ago. Tonight, during his State of the Union address, President Obama is expected to deliver what many might consider a system upgrade - version 2.0 of the war on poverty.
January 29, 2012 |
Mitt Romney's run for the presidency has highlighted the widening gulf between the nation's haves and have-nots. As a founder in the 1980s of Bain Capital - among the nation's most prominent private-equity firms - Romney became extremely wealthy. As his tax returns show, he continues to receive tens of millions of dollars each year in returns on his investments. As Romney rightly argues, he has nothing to apologize for - his success reflects his talent and gives him real credibility when discussing the economy.
January 8, 2012 |
Has income inequality exacerbated the financial crisis or slowed a recovery? How should "fairness" be addressed? The issue has many facets in this election year and needs to be sorted out. "Breaking down the income gap into real terms," at money.usnews.com, gives the income gap historical perspective, with notes on a so-called "great compression" of the income scale for decades after the Great Depression, and the subsequently unfolding "great divide"...
June 19, 2003 |
If Bill Gates and I started our own country in which we were the only residents - call it Gatesbergia - it would be racked by the worst income inequality in the world. The "haves" of the society would make hundreds of thousands of times more than the "have nots. " The disparities of wealth in our nation would be worse than those in Brazil, Nigeria or even - gasp - the United States. And, if Warren Buffet, the Sultan of Brunei and Rupert Murdoch immigrated to Gatesbergia, the problem would be even worse, for the gap would get wider and I would be "left behind.
November 22, 1996 |
What ails American society today? Culprits abound - the claim that "It's the economy, stupid" has been met with the retort that it's really the culture instead. Are the rich to blame for capturing more wealth, or have the poor simply abandoned their virtue? In reality, both sides are half-right: It's stupid to focus on either the economy or the culture as the exclusive source of our problems. Indeed, economic revitalization is inconceivable if our culture continues to greet the family's decline with indifference.
December 1, 2011
IN 1969, THE PROP seen round the world was the nightstick that Police Commissioner Frank Rizzo stuck in the cumberbund of his tuxedo as he joined his fellow officers to roust rioters in the city. That iconic image (below) illustrated how Rizzo presided over a Police Department known for rough tricks and brutality. In 2011, the city's top cop gets another kind of prop: proper accolades for how he (and the mayor) handled the de-occupation of Dilworth Plaza. Though City Hall declines to offer numbers of cops deployed, hundreds of officers flooded the city Tuesday night and yesterday morning to make sure the city's planned eviction of protesters happened peacefully.
June 7, 2015 |
A Protestant bishop from Philadelphia will join clergy from around the country next week in a visit to the Vatican to meet with advisers to Pope Francis to discuss how the pope's message of inclusion applies to race relations in the United States. Bishop Dwayne Royster, head of Philadelphians Organized to Witness, Empower, and Rebuild (POWER), said the group wants to convey to the Vatican how low wages, criminalization, immigration, detention, and police brutality have hurt families in the U.S. "One of the things we're trying to say to the pope very clearly, and convey to his advisers, is, in the U.S., when you talk about any justice issue, race is at the center of it," Royster said.
September 17, 2010
IN TODAY'S AMERICA, the poor are apparently getting poorer. Then again, so is the middle class. And just like in the days leading up to the Great Depression, the rich are getting even richer. Figures released by the Census Bureau yesterday (full story on Page 31) show that poverty is the highest it's been since 1994 - and for working-age people 18 to 65 years old, it's the highest since 1965, when President Johnson declared a war on it (that ended in a stalemate). For millions of low- and middle-income Americans, the economic ladder has gone only down during the recession.
October 14, 2008
JOHN McCain wants to be the maverick in this election, but on taxes and the economy he offers nothing more than the same Bush formula: Help the rich, then wait and see. McCain supports the irresponsible Bush tax cuts he once opposed, which won't help the struggling middle class. The big chunk of his proposed tax cut will go to those Americans making more than $2.9 million a year, while the rest of us will foot the bill. Once again, McCain seems to be siding with market fundamentalists who feel no need to address the income inequality negatively affecting our country.