Employment – Informed Comment https://www.juancole.com Thoughts on the Middle East, History and Religion Mon, 25 Sep 2023 02:49:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.11 Meeting Union Demands would be a Win-Win for Automakers https://www.juancole.com/2023/09/meeting-demands-automakers.html Mon, 25 Sep 2023 04:04:52 +0000 https://www.juancole.com/?p=214514

But with corporations insistent on squeezing more profits no matter the cost, strikes are inevitable — and necessary.

 
 
Sonali Kolhatkar

Sonali Kolhatkar is the host of “Rising Up With Sonali,” a television and radio show on Free Speech TV and Pacifica stations. This commentary was produced by the Economy for All project at the Independent Media Institute and adapted for syndication by OtherWords.org.

Otherwords.org

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In DeSantis’ “Free” State of Florida, Union Freedom is under Attack https://www.juancole.com/2023/05/desantis-florida-freedom.html Thu, 18 May 2023 04:08:53 +0000 https://www.juancole.com/?p=211969 by Rebekah Entralgo

A slate of new bills signed by Florida’s billionaire-friendly governor will make it harder for public sector unions to collect dues, worsening the state’s teacher shortage and public school funding.


( Inequality.org ) – In what Governor Ron DeSantis likes to call his “freedom state” of Florida, the freedom to belong to an effective union is under a ferocious attack.

DeSantis, with the school year winding down, has just appeared at a Miami charter school to sign a new slate of bills that aim to undermine quality public services. One of the bills — described preposterously by DeSantis as “paycheck protection” — eliminates dues check offs for teachers and other public employees.

Check-off provisions in Florida have for years given public-sector workers like educators and nurses the option to have their union dues deducted from their paychecks and remitted straight to their union.

Eliminating dues check off weakens public-sector unions. Without automatic payroll deduction, unions have a harder time collecting the dues they need to function effectively. But the legislation DeSantis signed does not extend the “freedom” of check-off elimination into the law enforcement sector. Law enforcement unions, not so coincidentally, have endorsed DeSantis in his gubernatorial campaigns.

The new DeSantis-signed dues legislation also includes, hidden deep in the text, a killer provision that requires public-sector unions outside law enforcement to have an arbitrary super majority of eligible employees — 60 percent, not just a 50-percent-plus — if they want to keep the right to represent and bargain for public-sector workers.

Teachers in Florida feel especially targeted by the legislation DeSantis has so enthusiastically signed into law.

“This will hurt working people and the middle class,” says Karla Hernández-Mats, the president of United Teachers of Dade, the largest teacher union local in the entire Southeast. “This is about going after our freedom, about going after workers and their right to a fair contract.”


Via Pixabay.

The increased 60-percent threshold to qualify for bargaining rights, Hernández-Mats points out, could be particularly devastating, solidifying Florida, a “right-to-work” state, as a “work-with-no-right state.” Nearly two-thirds of all local teacher unions in Florida would fail to meet the new super-majority threshold and face decertification.

In the face of this challenge, public-sector unions across the state are working to find creative ways to collect dues through electronic banking applications. They’re also mobilizing to help all teachers and other public employees understand the importance of becoming dues-paying union members.

“We are in constant communication with teachers, and a lot of our members are stepping up and talking to their colleagues about how important this is,” Hernández-Mats notes. “They’re talking about how the state could make us ‘at-will’ employees and how this bill could turn our public schools into a revolving door where no one is committed to education.”

Florida currently stands 48th in the nation when it comes to teacher pay and, not surprisingly, is facing a massive teacher shortage, opening 2023 with over 5,000 vacancies. Weakening unions, Hernández-Mats believes, will only exacerbate the crisis and speed the larger right-wing agenda to defund public education.

Another bill signed into Florida law this year advances that agenda by expanding the state’s charter school voucher program, a move that will allow parents to opt out of public schools and send their children to private schools on the state dime. This “school choice” bill will cost the state an estimated $4 billion in funding and starve local school districts. In the Tampa Bay area, for example, almost $850 million will be routed out of public schools for the 2023-2024 school year.

Florida hasn’t always been a testing ground for attacks on public educators and their unions. In fact, back in 1968, educators in Florida staged the nation’s first successful statewide teacher strike to protest chronic school funding shortages and bargain-basement teacher pay. But today the Florida Constitution and state law bar teachers from striking and threaten “hefty penalties” if they do.

That reality has the current struggle against the DeSantis attack on public education and public educators going down a different lane. The statewide teacher union, the Florida Education Association, has just filed a lawsuit in federal court to prevent the implementation of the newly signed DeSantis legislation.

Governor DeSantis, says FEA president Andrew Spar, “has made it clear that he is targeting educators because we exercise our constitutional right to speak out against attempts by this governor and others to stymie the freedom to learn and to stifle freedom of thought.”

The governor, adds Spar, “is using this legislation to retaliate against his critics,” a retaliation “very similar to what we’ve seen in the attacks on Disney.”

DeSantis, a still-unannounced candidate for the GOP presidential nomination, has ample resources for continuing his offensive against unions and their support for higher taxes on the rich to fund better public services. DeSantis, as an analysis in one of Florida’s top daily newspapers detailed last year, has “extraordinary” billionaire support.

Rebekah Entralgo is the managing editor of Inequality.org. You can follow her on Twitter at @rebekahentralgo.

Inequality.org )

Content licensed under a Creative Commons 3.0 License

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Bernie Sanders unveils push for $17-an-hour federal minimum wage, citing state increases https://www.juancole.com/2023/05/sanders-unveils-increases.html Mon, 08 May 2023 04:40:19 +0000 https://www.juancole.com/?p=211856
 
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Poverty amid Plenty: A World Fragmented by Inequality https://www.juancole.com/2023/02/poverty-fragmented-inequality.html Wed, 08 Feb 2023 06:02:30 +0000 https://www.juancole.com/?p=209937 By Liz Theoharis | –

( Tomdispatch.com) – A few weeks ago, the world’s power brokers — politicians, CEOs, millionaires, billionaires — met in Davos, the mountainous Swiss resort town, for the 2023 World Economic Forum. In an annual ritual that reads ever more like Orwellian farce, the global elite gathered — their private jets lined up like gleaming sardines at a nearby private airport — to discuss the most pressing issues of our time, many of which they are chiefly responsible for creating.

The 2023 meeting was organized around the theme of “Cooperation in a Fragmented World” and the topics up for debate were all worthy choices: climate change, Covid-19, inflation, war, and the looming threat of recession. Glaringly missing, however, was any honest investigation of the deeper context behind such an epic set of crises — namely, the reality of worldwide poverty and the extreme inequality that separates the poor from the rich on this planet.

Every year, Oxfam, a global organization that fights inequality to end poverty and injustice, uses the occasion of Davos to release its latest rundown on global inequality. This year’s report, “Survival of the Richest,” offered a striking vision of global poverty from the trenches of the pandemic years. Imagine this as a start: in the last two of those years, the world’s richest 1% captured almost two-thirds of all new wealth, or twice that of the bottom 99%. Put another way, this planet’s billionaires have collectively “earned” (and yes, that’s in quotation marks for obvious reasons) $2.7 billion every one of the last 730 days. Meanwhile, in 2021 alone, at least 115 million people fell into “extreme poverty,” with billions more hanging on by a tenuous thread. By 2030, Oxfam reports, the world could be facing the “largest setback in addressing global poverty since World War II.”

The grim realities laid out in the report left me wondering: What kind of cooperation were they talking about at Davos? Did they mean a collaboration among all global communities? (Not likely!) Or did they mean the continued partnership of economic elites intent, above all else, on protecting their own wealth? And what of fragmentation? Amid increasing warfare and beneath the ongoing fracturing of democracies (including our own, thanks in part to a billionaire whose name I hardly need mention), nations, and long-held international arrangements, do they recognize the deepest fragmentation of all, that caused by so much needless suffering and inexcusable gluttony?

Poverty Amid Plenty

Here in the United States, it’s the same story: untold wealth and shocking want, even as House Republicans are threatening to slash programs like Medicare and Social Security just weeks into a new congressional session. Today, in one of the richest nations in the world, nearly half the population is either poor or a single $400 emergency away from poverty. The moral and cognitive dissonance of such a reality can be difficult to fathom, as can the numbers. At a time when the U.S. economy is valued at nearly $25 trillion and the wealth of the three richest Americans exceeds $300 billion, at least 140 million people strain to meet their basic needs and face the daily threat of economic ruin thanks to one pay cut, layoff, accident, extreme storm, or bad medical diagnosis.

Over the last 50 years, CEOs have taken ever bigger chunks out of the paychecks of their workers, so much so that the average CEO now makes 670 times more than his or her employees. It tells you how far we’ve come that, in 1965, that number was “just” 20 times more. Meanwhile, the federal minimum wage ($7.25 an hour, or about $15,000 a year) has remained remarkably low, hurting not only those who earn it, but millions of other workers whose employers use it as the floor for their own pay scales. Bear in mind that if the minimum wage had kept up with the economy’s overall productivity over the last half-century, it would now be $22 an hour, or close to $50,000 a year.

All of this has occurred in an era of policymaking intensely antagonistic to the poor and all too favorable to the rich. In the early 1970s, wages began to level off as the economy was riven by rising unemployment, low growth, and inflation, otherwise known as “stagflation.” This was also a period of labor militancy. As economic geographer David Harvey has pointed out, for the U.S. economic elite, these conditions posed a two-fold threat — politically, to their ability to hold sway within the highest reaches of the government and, economically, to their ability to maintain and build their wealth.

America’s CEOs found relief in the theories of an insurgent wave of neoclassical economists pioneering a model of capitalism that came to be known as “neoliberalism.” What emerged was a political project aimed at restoring the full-throated power of the wealthy, whose playbook included: decreased public spending, greater privatization, increased deregulation of banking and financial markets, slashed taxes, and pulverizing attacks on organized labor.

Since then, our economy has indeed been reshaped. At the bottom, growing parts of the workforce are now non-unionized, low-wage, often part-time, and regularly without benefits like health care, paid sick leave, or retirement plans. This labor crisis has been accompanied by an unprecedented $15 trillion-plus in personal (including mounting medical and student) debt. As a result (as I wrote in 2021 with Astra Taylor), “millions of Americans aren’t just poor; they have less than nothing. The American dream is no longer owning a house with a white picket fence; it is getting out of debt. In one of the richest countries in the world, millions of people now aspire to have zero dollars.”

The view looks very different from the top. The first two years of the pandemic marked the most unequal recession in modern American history, with the wealth of the country’s 651 billionaires actually increasing by more than $1 trillion to a total of about $4 trillion. At the start of 2020, Jeff Bezos was the only American with a net worth of more than $100 billion. By the end of that year, he was joined by Bill Gates, Elon Musk, and Mark Zuckerberg. At Amazon, where the median pay in 2020 was about $35,000 a year, Bezos could have distributed the $71.4 billion he made that year to his own endangered workers and would still have had well over $100 billion left.

As an anti-poverty organizer, I’m regularly asked if we can afford to end poverty, even as politicians and economists cite the specter of scarcity to justify inaction or even outright anti-poor policies. Look at the debate over the debt ceiling taking place in Congress right now and you’ll see Republicans putting social programs on the chopping block in an attempt to both delegitimize and defund the government. If, however, you were to focus on the abundance unequally circulating around us, it’s clear that scarcity is a lie, a political invention, used to cover up vast reservoirs of capital that could be marshaled to meet the needs of everyone in this country and the world.

Don’t be fooled. We’re not living in a time of insufficiency, but in a golden age of plenty amid grotesque poverty, of abundance amid unbearable forms of abandonment.

To Tackle Poverty, Tackle Wealth

Despite the capacity to wipe out poverty altogether, antipoverty advocacy generally operates within two interdependent philosophical frameworks: mitigation and charity. The first assumes that poverty is indeed a permanent feature of our economy best alleviated by job-training programs, fatherhood initiatives, and work requirements, but never to be abolished outright. The second approaches poverty as a sad social condition that exists on the margins of society and treats poor people as, at best, pitiable and, at worst, pathological. Together, those two frameworks funnel billions of dollars in charitable and philanthropic giving to explicitly apolitical measures directed downstream from the source of poverty.

While such giving does indeed help many impoverished people meet immediate needs, it does very little to confront poverty in its fullness or why it exists in the first place — and in most cases, the help is inadequate given the need. No wonder the wealthy tend to be the biggest proponents of mitigating poverty through charity, because to fundamentally address the problem would also mean addressing the unequal distribution of political power in our world.

Oxfam’s new report is a good place to explore this, since it not only critiques inequality, but offers possible solutions to the nightmares such a situation creates, above all increasing tax rates on the wealthy, which right now are mind-numbingly low. Consider this statistic: “Elon Musk, one of the world’s richest men, paid a ‘true tax rate’ of about 3% between 2014 and 2018. Aber Christine, a flour vendor in Uganda, makes $80 a month and pays a tax rate of 40%.”

To counter this, Oxfam proposes that worldwide taxes on the income of the richest 1% be raised to at least 60% (with even higher rates for multimillionaires and billionaires). They also suggest that taxes on the wealthy be levied in such a way that their number would be dramatically reduced and their wealth redistributed to meet the needs of the poor.

Gabriela Bucher, Oxfam’s executive director, explained it this way:

“Taxing the super-rich is the strategic precondition to reducing inequality and resuscitating democracy. We need to do this for innovation. For stronger public services. For happier and healthier societies. And to tackle the climate crisis, by investing in the solutions that counter the insane emissions of the very richest.”

A New and Unsettling Force

People often ask me for a plan to end poverty. Usually that means they want to know what policy positions and prescriptions to advocate for, a line of inquiry on which I have plenty of thoughts. As a start, I refer them to the fulsome agenda of the Poor People’s Campaign (that I co-chair), including our demands for fair tax policy. But long ago, Reverend Martin Luther King, Jr., suggested an approach to lifting the load of poverty that goes far beyond any single program or policy.

Some months before the launch of the Poor People’s Campaign in 1968, having been endlessly asked for an itemized list of demands, King answered this way:

“When a people are mired in oppression, they realize deliverance when they have accumulated the power to enforce change. When they have amassed such strength, the writing of a program becomes almost an administrative detail. It is immaterial who presents the program. What is material is the presence of an ability to make events happen… The call to prepare programs distracts us excessively from our basic and primary tasks… We are, in fact, being counseled to put the cart before the horse… Our nettlesome task is to discover how to organize our strength into compelling power so that government cannot elude our demands. We must develop, from strength, a situation in which government finds it wise and prudent to collaborate with us.”

The 1968 Poor People’s Campaign emerged on the heels of the Civil Rights Movement’s biggest legislative victories. At the time, King pointed out that, beneath the legal scaffolding of Jim Crow and institutionalized racism, areas in which they had made significant gains, millions of Black people remained locked in poverty in the South, as well as across the country, as did so many others from different racial and ethnic backgrounds. King himself was surprised to learn that poor white people actually outnumbered poor Black people nationally. Taking that into consideration, he counseled that the movement had to make an evolutionary leap from “civil rights to human rights” and from “reform to revolution.”

This may not be the King whom the nation chooses to remember every mid-January in glitzy speeches by politicians who vehemently oppose the very positions for which he gave his life. In fact, this year, on that very commemorative day, I couldn’t help but think of the words of poet Carl Hines:

“Now that he is safely dead, let us praise him, build monuments to his glory, sing hosannas to his name. Dead men make such convenient heroes. They cannot rise to challenge the images we would fashion from their lives. And besides, it is easier to build monuments than to make a better world.”

But the truth is that, right up to his last breath, King was deeply concerned about a nation, weighed down by war, racism, and poverty, that was quickly approaching the irreversible fate of “spiritual death.” Years of experience, and the guidance of others, had convinced him that the next chapter of the struggle required a mass movement of a breadth and depth not yet awakened. As he came to see it, strategically speaking, the unity of the poor would be the Achilles heel of a society desperately in need of restructuring. If poor people could unite to form a new political alliance across the lines that historically divided them, they would be uniquely positioned to lead a broad and powerful human-rights movement that confronted militarism, racism, and economic exploitation together.

The same is no less true today. To end poverty, our smartest and most innovative ideas have to be brought to the table. The right analysis alone, however, won’t end poverty. That will only happen through a movement or movements transforming the hurt and pain of millions into, as King once put it, a “new and unsettling force” carrying this nation to higher and more stable ground.

Via Tomdispatch.com

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Why Many Turkish People who migrated to European Countries are worse off than those who stayed at Home https://www.juancole.com/2023/01/migrated-european-countries.html Thu, 05 Jan 2023 05:06:01 +0000 https://www.juancole.com/?p=209242 By Sebnem Eroglu, University of Bristol | –

(The Conversation) – Many people migrate to another country to earn a decent income and to attain a better standard of living. But my recent research shows that across all destinations and generations studied, many migrants from Turkey to European countries are financially worse off than those who stayed at home.

Even if there are some non-monetary benefits of staying in the destination country, such as living in a more orderly environment, this raises fundamental questions. Primarily, why are 79% of the first-generation men who contributed to the growth of Europe by taking on some of the dirtiest, riskiest manual jobs – like working in asbestos processing and sewage canals – still living in income poverty? There is a strong indication that the European labour markets and welfare states are failing migrants and their descendants.

In my recent book, Poverty and International Migration, I examined the poverty status of three generations of migrants from Turkey to multiple European countries, including Austria, Belgium, Denmark, France, Germany, Sweden and the Netherlands. I compared them with the “returnees” who moved back to Turkey and the “stayers” who have never left the country.

The study covers the period from early 1960s to the time of their interview (2010-2012), and draws on a sample of 5,980 adults within 1,992 families. The sample was composed of living male ancestors (those who went first were typically men), their children and grandchildren.

For my research, the poverty line was set at 60% of the median disposable household income (adjusted for household size) for every country studied. Those who fall below the country threshold are defined as the income poor.

Data for this research is drawn from the 2000 Families Survey which I conducted with academics based in the UK, Germany and the Netherlands. The survey generated what is believed to be the world’s largest database on labour migration to Europe through locating the male ancestors who moved to Europe from five high migration regions in Turkey during the guest-worker years of 1960-1974 and their counterparts who did not migrate at the time.

It charts the family members who were living in various European countries up to the fourth generation, and those that stayed behind in Turkey. The period corresponds to a time when labourers from Turkey were invited through bi-lateral agreements between states to contribute to the building of western and northern Europe.

The results presented in my book show that four-fifths (79%) of the first-generation men who came to Europe as guest-workers and ended up settling there lived below an income poverty line, compared with a third (33%) of those that had stayed in the home country. By the third generation, around half (49%) of those living in Europe were still poor, compared with just over a quarter (27%) of those who remained behind.

Migrants from three family generations residing in countries renowned for the generosity of their welfare states were among the most impoverished. Some of the highest poverty rates were observed in Belgium, Sweden and Denmark.

For example, across all three generations of migrants settled in Sweden, 60% were in income poverty despite an employment rate of 61%. This was the highest level of employment observed for migrants in all the countries studied. Migrants in Sweden were also, on average, more educated than those living in other European destinations.

My findings also reveal that while more than a third (37%) of “stayers” from the third generation went on to complete higher education. This applied to less than a quarter (23%) of the third generation migrants spread across European countries.

Returnees did well

Having a university education turned out not to improve the latter’s chances of escaping poverty as much as it did for the family members who had not left home. The “returnees” to Turkey were, on the other hand, found to fare much better than those living in Europe and on a par with, if not better than, the “stayers”.

Less than a quarter of first- and third-generation returnees (23% and 24% respectively) experienced income poverty and 43% from the third generation attained a higher education qualification. The money they earned abroad along with their educational qualifications seemed to buy them more economic advantage in Turkey than in the destination country.

The results of the research should not be taken to mean that international migration is economically a bad decision as we still do not know how impoverished these people were prior to migration. First-generation migrants are anecdotally known to be poorer at the time of migration than those who decided not to migrate during guest-worker years, and are likely to have made some economic gains from their move. The returnees’ improved situation does lend support to this.

Nor should the findings lead to the suggestion that if migrants do not earn enough in their new home country, they should go back. Early findings from another piece of research I am currently undertaking suggests that while income poverty considerably reduces migrants’ life satisfaction, there are added non-monetary benefits of migration to a new destination. The exact nature of these benefits remains unknown but it is likely to do, for example, with living in a better organised environment that makes everyday life easier.

However, we still left with the question of why migrants are being left in such poverty. Coupled with the findings from another recent study demonstrating that more than half of Europeans do not welcome non-EU migrants from economically poorer countries, evidence starts to suggest an undercurrent of systemic racism may be acting as a cause.

If migrants were welcome, one would expect destination countries with far more developed welfare states than Turkey to put in place measures to protect guest workers against the risk of poverty in old age, or prevent their children and grandchildren from falling so far behind their counterparts in Turkey in accessing higher education.

They would not let them settle for lower returns on their educational qualifications in more regulated labour markets. It’s also unlikely we would have observed some of the highest poverty rates in countries with generous welfare states such as Sweden – top ranked for its anti-discrimination legislation, based on equality of opportunity.

Overall, the picture for “unwanted” migrants appears to be rather bleak. Unless major systemic changes are made, substantial improvement to their prospects are unlikely.The Conversation

Sebnem Eroglu, Senior Lecturer in Social Policy, University of Bristol

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Child poverty rates highest in states that haven’t raised minimum wage https://www.juancole.com/2023/01/poverty-highest-minimum.html Wed, 04 Jan 2023 05:04:02 +0000 https://www.juancole.com/?p=209222 By Casey Quinlan | –

( Minnesota Reformer ) – Of the 20 states that have failed to raise the minimum wage above the federal $7.25 an hour standard, 16 have more than 12% of their children living in poverty, according to a States Newsroom analysis of wage and poverty data. Anti-poverty advocates say that’s a sign that there’s an urgent need for lawmakers to increase the federal minimum wage and do more to help struggling families.

Congress had the opportunity to achieve the latter by expanding the child tax credit before the end of the year, but lawmakers did not arrive at a deal with Republicans to include it in the omnibus spending package. The expansion, which was part of the American Rescue Plan, provided as much as $3,600 in monthly installments to qualifying families and is credited with lifting 3.7 million children out of poverty at least temporarily.

Raising the minimum wage would not lead to as fast or drastic an improvement, but a 2019 Congressional Budget Office analysis found that increasing the amount to $15 an hour would lift more than 500,000 children from poverty. And the Economic Policy Institute estimated in 2021, that if Congress passed a $15 minimum wage increase by 2025, up to 3.7 million people wouldn’t have to live in poverty — 1.3 million of those being children.

Ben Zipperer, an economist at the Economic Policy Institute, said there is a strong connection between the minimum wage and poverty.

“It’s not a 1-1 connection, but there is a pretty strong connection,” said Zipperer, whose expertise is on the minimum wage, inequality, and low-wage labor markets. “The main determinants of poverty in this country are whether you work and how much you work, so whether you have a job during the year and how many hours a week or weeks per year you work at that job. … And then the third [determinant] is how much you were paid for an hour of work at your job. If you’re getting paid relatively low wages, the minimum wage affects that.”

Where the minimum wage is rising in 2023

Alaska – $10.85
Arizona – $13.85
California – $15.50
Colorado – $13.65
Delaware – $11.75
Florida – $12
Illinois – $13
Maine – $13.80
Maryland – $13.25
Massachusetts – $15
Michigan – $10.10
*Minnesota – $10.59
Missouri – $12
Montana – $9.95
Nebraska – $10.50
**Nevada – $11.25
New Jersey – $14.13
New Mexico – $12
***New York – $14.20
Ohio – $10.10
Rhode Island – $13
South Dakota – $10.80
Vermont – $13.18
Virginia – $12
Washington – $15.74
*For employees at companies with revenues over $500,000; $8.63 for all other workers
**If companies provide health benefits the minimum wage requirement is $10.25
***$15 in New York City and surrounding counties
Oregon’s minimum wage adjustment will be made in July based on the Consumer Price Index. It is currently $13.50 for most of the state; $14.75 in Portland.

Congress last raised the minimum wage in 2009, but 30 states now require employers pay more than the federal standard, according to the National Conference of State Legislatures. Numerous municipalities have also passed living wage laws for city or county workers.

Twenty-seven states, including New Jersey, Florida, California and Missouri, will raise their state’s minimum wage in 2023, after passing legislation or voter-approved ballot measures that gradually increase the state minimum wage over several years or tie it to inflation. Washington ($15.74), California ($15.50) and Massachusetts ($15) will have some of the highest state minimum wages in 2023, although the high cost of living in those states mitigates the effect on poverty rates.

In Missouri, where the minimum wage will be $12 next year, a 2018 analysis from the Economic Policy Institute found that Proposition B, the ballot measure that is responsible for raising the wage, would increase wages for 677,000 people in Missouri.

States where legislatures have not raised the minimum above the federal $7.25 an hour include Mississippi, Louisiana, Georgia, Oklahoma, Tennessee, Kentucky, North Carolina and South Carolina. All have child poverty rates of 20% or higher, according to U.S. Census data analyzed by 24/7 Wall Street, a financial news site. Mississippi has the highest child poverty rate in the United States, at 27.6%, with Louisiana following at 26.3%.

Zipperer said that many of these low minimum wage states are concentrated in the Southern United States for a reason. He pointed to the political deals lawmakers made to leave Black workers out of 1930s labor rights gains, which were done for the benefit of Southern Democrats.

“That legacy of racism plagued the initial years of the national minimum wage and labor law generally in the United States, and while it was somewhat improved and overcome through the civil rights movement, you see the parallel to that now where you have a lot of places in the South that don’t have minimum wages and or have very low minimum wages, and so they follow the federal standard which Congress has refused to raise over the past 13 years,” he said.

He added, “That kind of decline in the cost-of-living adjusted value of the minimum wage disproportionately harms the people who are paid the lowest wages in the U.S. economy and because of our sexist and racist labor market, that is women and people of color.”

In Louisiana, for instance, 64% of women of color earn less than $15 an hour, while 58% of Black workers and 50% of Hispanic workers also earn less than $15 an hour, according to Oxfam America’s analysis of U.S. Census data.

The results of that disparity can be seen in an analysis of data on Lousianans’ standard of living done by Talk Poverty, a project of the Center for American Progress. It found:

  • 19% of people in Louisiana had incomes below the poverty line in 2019.
  • 20% of working age women and 29% of Black Lousianans in 2019 lived below the poverty line.
  • Louisiana ranked 42nd in the nation in high school graduation rates and 45th in higher education attainment during the 2017-2018 school year.
  • In 2018, 20% of young people aged 18 to 24 without high school degrees were not in school or working.
  • From 2017 to 2019, 15.3% of Louisiana households were food insecure.

Peter Robins-Brown, executive director of Louisiana Progress, said several factors contribute to the number of Louisianans living in poverty. Louisiana hasn’t prioritized putting funding into programs that would provide economic relief, has focused its tax reform on benefits for the wealthy and for businesses, and has a particularly unjust criminal justice system that punishes the poor, he said.

“Social services in Louisiana are largely underfunded, making it easier for generational poverty to continue,” Robins-Brown said.

The state also favors landlords’ rights over tenants rights and people living in the southern parts of the state that experience the most severe weather disasters have to live with high premiums for homeowners insurance, which further contribute to economic inequality, Robins-Brown explained.

Although Louisiana Gov. John Bel Edwards is a Democrat, and has expressed support for raising the minimum wage, both chambers of the Louisiana Legislature are controlled by Republicans. Louisiana is one of 24 states without a process for citizens to offer ballot initiatives and voter referendums.

“Both the House and Senate committees that deal with labor issues are low-priority for Republicans and Democrats because industry interests usually predetermine the outcomes in those committees,” Robins-Brown said.

For these reasons, Robins-Brown says Louisianans are depending on the federal government to take action to raise the minimum wage. He said his organization supported expanding the child tax credit because it was been a powerful tool in reducing child poverty.

Congress last failed to increase the minimum wage in 2021, when it was proposed as part of a larger pandemic relief package. Fifty Senate Republicans and seven Senate Democrats voted against raising the minimum wage to $15 by 2025. The exclusion of the expansion of the child tax credit in Congress’ omnibus bill is one more lost chance to reduce child poverty.

“The child tax credit enormously reduced poverty during the recent expansion of that program and unfortunately that was temporary,” Zipperer said. “But I think that’s a very clear demonstration that we actually have, to some degree, the capacity to eliminate a lot of poverty in this country. All it takes is overcoming the political opposition to do that.”

Casey Quinlan is an economy reporter for States Newsroom, based in Washington D.C. For the past decade, they have reported on national politics and state politics, LGBTQ rights, abortion access, labor issues, education, Supreme Court news and more for publications including The American Independent, ThinkProgress, New Republic, Rewire News, SCOTUSblog, In These Times and Vox.

Via ( Minnesota Reformer

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America as a Sacrifice Zone https://www.juancole.com/2022/09/america-sacrifice-zone.html Fri, 16 Sep 2022 04:02:31 +0000 https://www.juancole.com/?p=206996 ( Tomdispatch.com ) – In the American ethos, sacrifice is often hailed as the chief ingredient for overcoming hardship and seizing opportunity. To be successful, we’re assured, college students must make personal sacrifices by going deep into debt for a future degree and the earnings that may come with it. Small business owners must sacrifice their paychecks so that their companies will continue to grow, while politicians must similarly sacrifice key policy promises to get something (almost anything!) done.

We have become all too used to the notion that success only comes with sacrifice, even if this is anything but the truth for the wealthiest and most powerful Americans. After all, whether you focus on the gains of Wall Street or of this country’s best-known billionaires, the ever-rising Pentagon budget, or the endless subsidies to fossil-fuel companies, sacrifice is not exactly a theme for those atop this society. As it happens, sacrifice in the name of progress is too often relegated to the lives of the poor and those with little or no power. But what if, instead of believing that most of us must eternally “rob Peter to pay Paul,” we imagine a world in which everyone was in and no one out?

In that context, consider recent policy debates on Capitol Hill as the crucial midterm elections approach. To start with, the passage of the Biden administration’s Inflation Reduction Act (IRA) promises real, historic advances when it comes to climate change, health care, and fair tax policy. It’s comprehensive in nature and far-reaching not just for climate resilience but for environmental justice, too. Still, the legislation is distinctly less than what climate experts tell us we need to keep this planet truly livable.

In addition, President Biden’s cancellation of up to $20,000 per person in student loans could wipe out the debt of nearly half of all borrowers. This unprecedented debt relief demonstrates that a policy agenda lifting from the bottom is both compassionate and will stimulate the broader economy. Still, it, too, doesn’t go far enough when it comes to those suffocating under a burden of debt that has long served as a dead weight on the aspirations of millions.

In fact, a dual response to those developments and others over the past months seems in order. As a start, a striking departure from the neoliberal dead zone in which our politics have been trapped for decades should certainly be celebrated. Rather than sit back with a sense of satisfaction, however, those advances should only be built upon.

Let’s begin by looking under the hood of the IRA. After all, that bill is being heralded as the most significant climate legislation in our history and its champions claim that, by 2030, it will have helped reduce this country’s carbon emissions by roughly 40% from their 2005 levels. Since a reduction of any kind seemed out of reach not so long ago, it represents a significant step forward.

Among other things, it ensures investments of more than $60 billion in clean energy manufacturing; an estimated $30 billion in production tax credits geared toward increasing the manufacture of solar panels, wind turbines, and more; about $30 billion for grant and loan programs to speed up the transition to clean electricity; and $27 billion for a greenhouse gas reduction fund that will allow states to provide financial assistance to low-income communities so that they, too, can benefit from rooftop solar installations and other clean energy developments.

The IRA also seeks to lower energy costs and reduce utility bills for individual Americans through tax credits that will encourage purchases of energy-efficient homes, vehicles, and appliances. Among other non-climate-change advances, it caps out-of-pocket costs for prescription drugs, reduces health insurance premiums for 13 million Americans, and provides free vaccinations for seniors.

As the nation’s biggest investment in the climate so far, it demonstrates the willingness of the Biden administration to address the climate crisis. It also highlights just how stalled this country has been on that issue for so long and how much more work there is to do. Of course, given our ever hotter planet and the role this country has played in it as the historically greatest greenhouse gas emitter of all time, anything less than legislation that will lead to net-zero carbon emissions is a far cry from what’s necessary, as this country burns, floods, and overheats in a striking fashion.

Pipelines and Sacrifice Zones

Earlier iterations of what became the IRA recognized a historic opportunity to enact policies connecting the defense of the planet to the defense of human life and needs. Because of the resistance of Democratic Senators Joe Manchin and Kyrsten Sinema, as well as every Senate Republican, the final version of the reconciliation bill includes worrying sacrifices. It does not, for instance, have an extension or expansion of the Child Tax Credit, a lifeline for poor and low-income families, nor does it raise the minimum wage to $15 an hour, even though that was a promise made in the 2020 election. Gone as well are plans for free pre-kindergarten and community college, in addition to the nation’s first paid family-leave program that would have provided up to $4,000 a month to cover births, deaths, and other pivotal moments in everyday life.

And don’t forget to add to what’s missing any real pain for fossil-fuel companies. After all, coal baron Manchin seems to have succeeded in cutting a side deal with Senate Majority Leader Chuck Schumer for a massive natural gas pipeline through his home state of West Virginia and that’s just to begin a list of concessions. Indeed, the sacrificial negotiations with Manchin to get the bill passed ensured significantly more domestic fossil-fuel production, including agreement that the Interior Department would auction off permits to drill for yet more oil and gas in the Gulf of Mexico, Alaska, and possibly elsewhere, all of which will offset some of the emissions reductions from climate-change-related provisions in the bill.

It’s important to note as well that, although progress was made on reducing fossil-fuel emissions, expanding health care, and creating a fairer tax system, for the poor in this country, “sacrifice zones” are hardly a thing of the past. As journalist Andrew Kaufman suggests, “One thing that does seem assured, however, is that the arrival — at last — of a federal climate law has not heralded an end to the suffering [of] communities living near heavy fossil-fuel polluters.” And as Rafael Mojica, program director for the Michigan environmental justice group Soulardarity, put it, the IRA “is riddled with concessions to the big carbon-based industries that at present prey on our communities at the expense of their health, both physically and economically.”

Keep in mind that Michigan is already anything but a stranger to sacrifice zones. Case in point: the water crisis in the city of Flint as well as in Detroit. The Flint Democracy Defense League and the Michigan Welfare Rights Organization have battled lead-poisoning and water shut-offs for years in the face of deindustrialization and the lack of a right to clean water in this country. Such grassroots efforts helped sound the alarm during the Flint water crisis that began in 2014 and have since linked community groups nationwide dealing with high levels of toxins in their water supply so that they could learn from that city’s grassroots organizing experience. Meanwhile, so many years later, Michiganders are still protesting potential polluters like Enbridge’s aging Line 5 oil pipeline.


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And there are many other examples of frontline community groups protesting the ways in which their homes are being sacrificed on the altar of the fossil-fuel industry. Take, for example, the communities in the stretch of Louisiana between New Orleans and Baton Rouge that contain hundreds of petrochemical facilities and has, eerily enough, come to be known as Cancer Alley. There, among a mostly poor and Black population, you can find some of the highest cancer rates in the country. In St. James Parish alone, there are 12 petrochemical plants and nearly every household has felt the impact of cancer. For years, Rise St. James and other local groups have been working to prevent the construction of a new plastics facility near local schools on land that once was a slave burial ground.

Then, of course, there are many other sacrifice zones where the issue isn’t fossil fuels. Take the city of Aberdeen in Grays Harbor County, Washington, once home to a thriving timber and lumber economy. After its natural landscape was stripped and the local economy declined, that largely white, rural community fell into endemic poverty, homelessness, and drug abuse. Chaplains on the Harbor, one of the few community organizations with a presence in homeless encampments across the county, has now started a sustainable farm run by formerly homeless and incarcerated young people in Aberdeen as part of an attempt to create models for the building of green communities in places rejected by so many.

Or take Oak Flat, Arizona, the holiest site for the San Carlos Apache tribe. There, a group called the Apache Stronghold is leading a struggle to protect that tribe’s sacred lands against harm from Resolution Copper, a multinational mining company permitted to extract minerals on those lands thanks to a midnight rider put into the National Defense Authorization Act in 2015. Along with a growing number of First Nations people and their supporters, it has been fighting to protect that land from becoming another sacrifice zone on the altar of corporate greed.

On the east coast, consider Union Hill, Virginia, where residents of a historic Black community fought for years to block the construction of three massive compressor stations for fracked gas flowing from the Atlantic Coast Pipeline. Those facilities would have potentially subjected residents to staggering amounts of air pollution, but early in 2020 community organizers won the fight to stop construction.

Consider as well the work of Put People First PA!, which, in Pennsylvania communities like Grant Township and Erie, is on the tip of the spear in the fight against an invasive and devastating fracking industry that’s ripping up land and exposing Pennsylvanians to the sort of pollutants that leaders in Union Hill fought to prevent. Note as well that, in many similar places, hospitals are being privatized or shuttered, leaving residents without significant access to health care, even as the risk of respiratory illnesses and other industrially caused diseases grows.

Such disparate communities reflect a long-term history of suffering — from the violence inflicted on indigenous people, to the slave plantations of the South, to the expansion (and then steep decline) of industrial production in the North and West, to pipelines still snaking across the countryside. And now historic pain inflicted on low-income and poor Americans will increase thanks to a growing climate crisis, as the people of flooded and drinking-water-barren Jackson, Mississippi, discovered recently.

In a world of megadroughts, superstorms, wildfires, and horrific flooding guaranteed to wreak ever more havoc on lives and livelihoods, poor and low-income people are beginning to demand action commensurate with the crisis at hand.

Dark Clouds Blowing in from the “Equality State”

While reports on the passage of the IRA and student debt relief dominated the news cycle, another major policy announcement at the close of the summer and far from Capitol Hill slipped far more quietly into the news. It highlights yet again the “sacrifices” that poor Americans are implicitly expected to make to strengthen the economy. Just outside of Jackson, Wyoming, one of the wealthiest and most unequal towns in this country, Federal Reserve Chair Jerome Powell committed his organization to take “forceful and rapid steps to moderate demand so that it comes into better alignment with supply and to keep inflation expectations anchored.”

Couched in typically wonkish language, his comments — made in the “equality state” — may sound benign, but he was suggesting capping wages, an act whose effects will, in the end, fall most heavily on poor and low-income people. Indeed, he warned, mildly enough, that this would mean “some pain for households and businesses” — even as he was ensuring that the livelihoods of poor and low-income people would once again be sacrificed for what passes as the greater good.

What does it mean, for instance, to “moderate demand” for food when more than 12 million families with children are already hungry each month? It should strike us as wrong to call for “some pain” for so many households facing crises like possible evictions or foreclosures, crushing debt, and a lack of access to decent health care. It should be considered inhumane to advocate for a “softer labor market” when one in three workers is already earning less than $15 an hour.

It is disingenuous to say that the economy is “overheating,” as if what’s being experienced is some strange, abstract anomaly rather than the result of decades of disinvestment in infrastructure and social programs that could have provided the basic necessities of life for everyone. Nonetheless, Powell continues to push a false narrative of scarcity and the threat of inflation to smother the powerful resurgence of courageous and creative labor organizing that we’ve seen, miraculously enough, in these pandemic years.

At this point, as a pastor and theologian, I can’t resist quoting Jesus’s choice words in the Gospel of Matthew about how poor people so often pay the price for the further enrichment of the already wealthy. In Matthew 9, Jesus asserts: “I desire mercy, not sacrifice.” The Greek word “mercy” is defined as loving kindness, taking care of the down and out. In Jesus’s parlance, mercy meant acts of mutual solidarity and societal policies that prioritized the needs of the poor, which would today translate into cancelling debts, raising wages, and investing in social programs.

Despite the encouraging policy-making that hit the headlines this summer, America remains a significant sacrifice zone with economic policies that justify their painful impact on the poor and marginalized as necessary for the greater good. It’s time for us to fight for a comprehensive, intersectional, bottom-up approach to the injustices that continually unfold around us.

Copyright 2022 Liz Theoharis

Via Tomdispatch.com

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Why Fightin’ Joe Biden may be the most Consequential President in Forty Years https://www.juancole.com/2022/08/fightin-consequential-president.html Mon, 15 Aug 2022 05:53:29 +0000 https://www.juancole.com/?p=206385 Ann Arbor (Informed Comment) – Joe Biden has been easy for the pundit class to write off. He isn’t, unlike Bill Clinton or Barack Obama, a great speechifier. He overcame his childhood stutter, but he still sometimes hesitates just as he gets to an applause line. He is still the little guy who got picked on, still scrapping to come back from behind. But what a scrapper! Supporters used to say of Harry Truman, also a man from the working class, “Give’m hell, Harry.” Now Joe is givin’em hell.

Biden’s achievements are by now legion, especially compared to his predecessors. Aside from a big tax cut for his rich buddies, Trump accomplished nothing. Nothing. All that big talk about redoing US infrastructure and making La Guardia like Dubai’s airport was so much hot air. Mostly he seems to have sat around in his pajamas watching Fox “News.” He constantly talked up his own alleged achievements. But he lied. The trade deficit with China was the same when he went out of office as when he came in. The percentage of the US economy devoted to manufacturing shrank on his watch. He so badly mishandled the pandemic that he lost 22 million jobs, more than any president in history.

The Republican Party did not let Barack Obama accomplish much of lasting consequence with the exception of Obamacare, which passed before he lost Congress in 2010.

George W. Bush squandered trillions on his fruitless Middle East wars and accomplished little domestically before his anti-regulation policies pushed the economy off the cliff in his last year of office. What is it with Republican presidents and losing millions of jobs?

Bill Clinton was a good manager of affairs but his tilt to the right made it impossible for him to do anything that would structurally improve the country. In fact he weakened the social safety net.

Biden came into office under the cloud of the pandemic and Trump’s lackadaisical response to it, which resulted in hundreds of thousands of deaths. It is true that Biden had the advantage that the vaccines had been developed, in part with Trump’s investment in Moderna. (Pfizer marketed the German Biontech vaccine). But under Trump, few federal resources had been mobilized and one leak suggested that Jared Kushner deliberately hurt New York’s response to punish it for voting Democratic.

Article continues after bonus IC video
Biden’s BFD Summer | The Mehdi Hasan Show

Biden mobilized the US military to provide vaccinators, because there were too few civilian ones, and coordinated with states and localities. In 6 months he got those adults vaccinated who were willing, and began the process whereby getting Covid for most of people was no longer life threatening. As for the die hard Trumpist old people who refuse to get vaccinated, they are harming themselves and those around them.

Biden’s pandemic intervention is estimated to have saved a million lives.

Biden put America back to work, getting the unemployment rate down to levels not seen since the Woodstock Music Festival and the craze for paisley.

So much production had temporarily cut back during the pandemic that when consumers wanted to buy again, there were bottlenecks that caused inflation. These supply problems are easing, though prices of staples remain too high. In some instances, Vladimir Putin’s war on Ukraine caused spikes that won’t be easy to overcome, both in energy prices and in wheat prices. Still, gasoline prices have fallen steadily for two months now.

Biden charged the Department of the Interior to jumpstart the US offshore wind industry, with a goal of 30 gigawatts by 2030, by leasing federal waters offshore to private companies. We will see some new, enormous wind farms come on line in as little as four years, some of the biggest in the world.

Biden glad-handed and wheedled to get the bipartisan $1.2 trillion Infrastructure Investment and Jobs Act passed, which will among other things build out electric vehicle charging stations throughout the country and help schools buy electric buses, along with investments in bridges (10% of which seem to be on the verge of falling down) and other key infrastructure. It even has $65 billion in it to ease access for all Americans to the internet, which should increase productivity.

Biden got a new industrial policy with the $52 billion in the CHIPS Act for revving up a US-based semi-conductor industry, which is key to progress in fighting climate change, as well. He arranged funding for veterans suffering the after-effects of toxic burn pits in Iraq and Afghanistan.

Then this month he succeeded in encouraging Democrats in the Senate to pass the Inflation Reduction Act, which he will sign this week, with $369 billion for the green energy transition. It will also make seniors’ medicines cheaper and help the 40% of the country stricken by long-term drought owing to the climate emergency adopt resiliency measures.

Despite leftist criticisms of Biden, much of the big legislation he signed has a bias toward union labor, something we haven’t seen in recent decades.

This presidency does not look like Trump’s, or Obama’s, or Bush’s, or Clintons. It may not be Lyndon Johnson’s Great Society, but it is probably the closest we’ve come in the succeeding 56 years.

Biden may just keep the Senate this fall, what with the Republicans putting up goofballs like Mehmet Oz and Herschel Walker and Ron Johnson.

Trump’s cascade of legal problems may have temporarily given him a lift, but they will likely eventually cripple him as a national politician if they have not already.

And Democrats may benefit this fall from a strong backlash among their voters and even many suburban Republican women against the misogynist Supreme Court and male politicians’ interference in women’s health care, with the anti-abortion decision and state laws. We got a glimpse of that in Kansas this summer.

Joe Biden should not be underestimated. He is powerfully reshaping the country, along with the rest of his party, and preparing us for the challenges of the twenty-first century. Write him off at your peril.

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Does the Future Belong to People Who Profit Off Our ‘Excessive Wealth Disorder’? https://www.juancole.com/2022/07/future-excessive-disorder.html Sun, 17 Jul 2022 04:04:27 +0000 https://www.juancole.com/?p=205821 ( Inequality.org ) – If Dustin Hoffman should ever do a remake of The Graduate, the classic 1967 film that launched his famed cinematic career, what might be the 2020s update for that film’s most iconic exchange?

A promising new national campaign is aiming to ‘TURN’ around a profoundly unequal USA

A good many of us still fondly remember that poolside party scene. A 21-year-old “Benjamin” gets pulled aside for a career pep talk from an overbearing “Mr. McGuire” who says he has just one word of wisdom for Dustin Hoffman’s newly graduated young man: “Plastics!”

One real-life young man back then, James Dyson, would end up following Mr. McGuire’s advice — and go on to fashion plastic vacuum cleaners into the first global billion-dollar fortune that rests on polymers.

But no Mr. McGuire here in the 2020s would ever be pitching boring old plastics as a sure-fire path to grand fortune. What red-hot field of business endeavor would a modern-day McGuire be hawking? A new report from Bain & Company, a global consultancy with offices in 65 cities worldwide, has a suggestion: wealth management.

And why do analysts at Bain see wealth management — the business of helping people of means grow their assets — as such a promising career path? A simple financial fact: A colossal chunk of the world’s wealth now sits in the pockets of affluents who have no clue what to do with all their good fortune. The “investable assets” of these wealthy worldwide, Bain is predicting, figure to double by 2030.

“The rich are getting richer, that’s for sure,” as Bain partner Markus Habbel, one of the authors of the financial firm’s new report, told the Financial Times earlier this week.

“If you have a wealth management capability,” agrees Goldman Sachs chief operating officer John Waldron, “you have a much more valuable business.”

The new Bain study doesn’t dive deep into any detail about our continuing maldistribution of global income and wealth. But other analysts most definitely have been subjecting that maldistribution to some increasingly sophisticated analysis. Over the past quarter-century, these researchers — many inspired by the work of the French economist Thomas Piketty — have been developing new statistical approaches to determining just who has what and how much of it.

Researchers like Emmanuel Saez and Gabriel Zucman, both at the University of California-Berkeley, have taken us well beyond the tax return data that’s traditionally driven our core inequality stats. In their just-published latest work, Saez and Zucman have joined with their UC colleague Thomas Blanchet to tackle the challenge of calculating inequality in what they call “real time.”

U.S. government stats, the three authors point out, “do not make it possible to know who benefits from economic growth in a timely manner.” Indeed, until recent years, most numbers on income and wealth distribution came from snapshots taken well before the data went public. The most recent distributional stats currently available from the Federal Reserve’s exhaustive triennial Survey of Consumer Finances, for instance, cover 2019.

In that same year, Federal Reserve analysts did inaugurate a brand-new data series with a much briefer lag time. These new distributional snapshots have been appearing quarterly ever since, and the latest, released last month, covers this year’s first three months. In 2022’s quarter one, the Fed’s “Distributional Financial Accounts” show, America’s top 1 percent held 31.8 percent of the nation’s wealth. The nation’s bottom half held 2.8 percent.

The University of California’s inequality stats team has now trimmed the data lag time even further, to help us “track the distributional impacts of government policies” on a month-to-month basis and provide critically important information to have in the middle of an economic crisis.

The Berkeley team notes that none of the timely government economic stats we’ve had up to now — on total national personal income, unemployment, and more — have come “disaggregated by income level.” Without that disaggregation, we can’t know what social groups are benefiting from current government policies and what groups aren’t. And if we don’t have that information, then government programs successfully helping people who really need help can fall politically by the wayside.

The Berkeley analysts illustrate that dynamic by applying their new “real-time inequality” statistical methodology to our Covid pandemic years. At the end of 2021, their approach shows, America’s working-class households found themselves with 20 percent more disposable income than before the pandemic, thanks to the federal government’s expanded child tax credit and expanded earned income tax credit for adults with children.

But disposable income for the nation’s working families promptly then fell in early 2022 after Congress let those aid programs expire. By June 2022, the Berkeley economists sum up, the wealth share of America’s top 0.1 percent had returned “to its pre-Covid level.”

So what do we do with all the new distributional data we now have available? Do we gaze at the new numbers and marvel at how incredibly rich our rich continue to be? Or do we battle to create a much more equal society where helping the wealthy manage their money no longer rates as our nation’s hottest career option?

A host of long-time egalitarian activists are choosing the latter. They’ve just come together to establish an Excessive Wealth Disorder Institute, and this new Institute, as its first order of business, is now teaming up with social justice advocacy groups and coalitions in a “Tax the Ultra-Rich Now” campaign to “TURN” America around.

TURN campaign activists will be initially “collaborating with grassroots organizations across five key states – Georgia, North Carolina, Nevada, Pennsylvania, and Wisconsin – with a focus on organizations centered in communities of color.”

Other campaigns will no doubt follow, on a wide variety of fronts. Those campaigns will have no shortage of tax-the-rich proposals to draw from. Among the latest, from Bob Lord and Dylan Dusseault of Patriotic Millionaires, a call for the passage of an “Oppose Limitless Inequality Growth and Restore Civil Harmony Act.” This “OLIGARCH” legislation would key new taxes on the wealth of America’s super rich to the nation’s median — most typical — household wealth.

Under the OLIGARCH Act, households holding between 1,000 and 10,000 times America’s median household wealth would pay an annual 2 percent tax on their fortunes. Those rates would escalate on households sitting on even greater stores of wealth. In the top tax bracket, for households worth over one million times our most typical household wealth, the annual tax would run at 8 percent.

Back in 1980, Lord and Dusseault note, fewer than 0.005 percent of America’s adults held over 1,000 times the nation’s median household wealth. By 2020, the ranks of that wealth cohort had quintupled. In 1983, not a single American held a fortune that equaled 100,000 times the nation’s median household wealth. In 2021, slightly over 50 Americans exceeded that threshold, and two Americans actually held over a million times the wealth of America’s most typical households.

That can all change. We all can change it.

Via Inequality.org

Content licensed under a Creative Commons 3.0 License

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