To Move Forward, We Must Learn from Our Progressive Past

To Move Forward, We Must Learn from Our Progressive Past

Our contemporary billionaires, most Americans would agree, are exploiting our labor and polluting our politics. Can we shrink our super rich down to a less powerful — and more democratic — size? Of course we can. We Americans, after all, have already done...
Beyond the Jobs Report: A Call for a Transformational Economy

Beyond the Jobs Report: A Call for a Transformational Economy

Don’t count on the latest round of good economic news to have much of an impact on the elections. There are very few undecided voters left and these minor changes aren’t likely to change anyone’s mind. But it’s still worth noting that the...
Middle Class Fantasy

Middle Class Fantasy

Yes, my job Is in the ditch; But not the incomes Of the rich. America is big on fantasies. We savor staged reality shows and overhyped football games. We fawn over celebrities and video games. But perhaps our biggest fantasy is the persistent belief that nearly all of...
The Poison Pill of Tax Cuts

The Poison Pill of Tax Cuts

A quiz: Which candidates and presidents said the following? (Answers below.) “To repair the nation’s tax code, marginal rates must be brought down to stimulate entrepreneurship, job creation, and investment.” “We must follow through on the...
European Victory on Taxing Speculation

European Victory on Taxing Speculation

Cross-Posted with the Huffington Post European campaigners for a financial transaction tax have done some awfully goofy things over the past three years. At one French demonstration, they stripped down to their skivvies to emphasize the small size of the tax (0.1% on...
The Biggest Losers: Big Bird and the American People

The Biggest Losers: Big Bird and the American People

Who won the first 2012 presidential debate between Mitt Romney and Barack Obama? If you ask the Twitterverse, Big Bird nailed an easy victory. Huh? In case you missed it, the sole quasi-joke either candidate cracked came when Mitt Romney vowed to choke off the...
7 Ways to End the Deficit (without Throwing Grandma under the Bus)

7 Ways to End the Deficit (without Throwing Grandma under the Bus)

This post originally appeared on Yes! Magazine’s New Economy blog. This fall, the U.S. Congress is going to wage a pitched, dragged-out battle over cutting roughly $120 billion a year to solve the so-called deficit crisis. Vital things like teachers’ jobs...
The Koch Brothers’ Moonshine

The Koch Brothers’ Moonshine

What do you call a mix of “black liquor,” biofuels, diesel, and a generous splash of tax subsidies? If you have Sen. Mike Crapo of Idaho shake this cocktail vigorously and serve it in a golden goblet provided by corporate lobbyists, I’ve got the...
How to Safely Scale Down the Fiscal Cliff

How to Safely Scale Down the Fiscal Cliff

Pundits pounced earlier this year when Federal Reserve Chairman Ben Bernanke warned that the country will face a “massive fiscal cliff” at the beginning of 2013. It seemed we had to extend the Bush tax cuts — or else. Lost in these arguments is what...
Rooting out Fake Job Creators

Rooting out Fake Job Creators

Ed Gillespie, a senior adviser to Mitt Romney, recently declared on Face the Nation that that President Barack Obama “is hostile to job creators,” reciting a standard Republican canard. Especially since movements such as Occupy Wall Street began shining a...
Washington, Are You Listening?

Washington, Are You Listening?

Patrick Pylvainen grew up in a small town outside Minneapolis. The Minnesotan college student has seven siblings, so he borrows money for his tuition — Stafford loans from the federal government, plus loans from private banks that require interest payments while...
We’re All Subsidizing Free Lunches for America’s CEOs

We’re All Subsidizing Free Lunches for America’s CEOs

A generation ago, on National Secretary’s Day, America’s top corporate executives used to take their prized office assistants out to lunch. Times change, and National Secretary’s Day has become Administrative Professionals’ Day. But something...

Subsidizing CEO Welfare

Note: McClatchy-Tribune News Service distributed this op-ed. The debate about President Obama’s plan to end Bush-era tax cuts for the wealthy is riddled with references to “the richest 2 percent.” Who exactly are these well-off Americans? A new...