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Dave Granlund | Fed Bailouts and CEOs / politicalcartoons.com

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Report: Corporate Tax Cuts Boost CEO Pay, Not Jobs

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  • The 24th annual Institute for Policy Studies ‘Executive Excess’ report offers a first-ever look at the jobs record of U.S. firms that pay taxes near the rates the Trump White House favors.
  • Related: Foxconn Comes to Wisconsin: A Bad Deal for Workers and the Environment

Sarah Anderson and Sam Pizzigati, inequality.org

http://www.yesmagazine.org/issues/9-strategies-to-end-corporate-rule/images/Stencil.jpg/image_large August 30, 2017 | House Speaker Paul Ryan is proposing to cut the statutory federal corporate tax rate from 35 to 20 percent. President Trump wants to slash the rate even further, to just 15 percent. Their core argument? Lowering the tax burden will lead to more and better jobs.

To investigate this claim, we set out to analyze the job-creating performance of the 92 publicly held American corporations that reported a U.S. profit every year from 2008 through 2015 and paid less than 20 percent of these earnings in federal corporate income tax.

Sarah Anderson and Sam Pizzigati: Sarah Anderson directs the Global Economy Project and co-edits Inequality.org at the Institute for Policy Studies. Sam Pizzigati, an IPS associate fellow, also co-edits Inequality.org.

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Foxconn Comes to Wisconsin: A Bad Deal for Workers and the Environment, Willis and Jacob Druker, Socialist Alternative

In exchange for $3 billion from the state government, electronics giant Foxconn will build a massive factory in Wisconsin. What’s good for big business is good for the rest of us. Right?
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Foxconn Comes to Wisconsin: A Bad Deal for Workers and the Environment

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In exchange for $3 billion from the state government, electronics giant Foxconn will build a massive factory in Wisconsin. What’s good for big business is good for the rest of us. Right?

Willis and Jacob Druker, Socialist Alternative <>

Submitted by Evergreene Digest Contributing Editor John Stoltenberg 

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http://evergreenedigest.org/sites/default/files/Labor%20Getting%20Its%20Fair%20Share%20of%20the%20Pie.jpgAugust 23, 2017 | Given who’s promoting the Foxconn deal, workers have a good reason to be skeptical. The plan, if fulfilled, would be seen as a political victory for President Trump as well as Wisconsin’s right-wing Governor Scott Walker, both of whom campaigned on boosting American manufacturing. Walker has spent his seven years as governor attacking workers’ rights and living standards. Meanwhile, Foxconn, the multinational corporation known for manufacturing the iPhone, is even better known for the high rate of worker suicide in its Chinese factories. Despite the populist rhetoric behind the Foxconn deal, it’s more about corporate welfare than anything that would benefit WIsconsin workers.

Foxconn’s recently announced plan entails building a 1,000 acre facility in southeastern Wisconsin. The facility, which would be located in either Racine or Kenosha counties, would cost $10 billion, and would open in 2020. It would immediately employ 3,000 people and could grow to 13,000. It would produce LCD screens, used in smartphones and flat-screen TVs. Foxconn is also reportedly considering building a secondary facility near Madison.

Willis and Jacob Druker, Socialist Alternative: a national organization fighting in our workplaces, communities, and campuses against the exploitation and injustices people face every day. We spearheaded the campaign to elect Kshama Sawant to Seattle City Council in 2013, the first independent socialist elected in a major U.S. city in decades.

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Strengthening Corporate Power: Our Elites Have Learned Nothing

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  • Part 1: Strengthening Corporate Power–New NAFTA Worse Than the TPP
  • Health and environmental laws will still be “barriers to investment”.
  • Part 2: Ten Years After Financial Crisis, Our Elites Have Learned Nothing
  • The economic disaster that cost millions of people their jobs and/or their homes, and forced tens of millions to accept lower wages, was 100 percent avoidable if the people responsible for making economic policy had been awake.

Compiled by David Culver, Ed., Evergreene Digest <http://evergreenedigest.org>

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Part 1: Strengthening Corporate Power–New NAFTA Worse Than the TPP

 

https://farm8.staticflickr.com/7725/17071400029_e99daac200.jpg Image by Woody Wood via Flickr

Consistent with the objectives of the Trans-Pacific Partnership, the Trump administration says it wants to “Establish rules that reduce or eliminate barriers to U.S. investment in all sectors in the NAFTA countries.” What that passage means is that, consistent with what is written above, the intention is for the elimination of as many restraints on corporate behavior as possible.

Pete Dolack, Dandelion Salad

July 19, 2017 | As a candidate for president, Donald Trump claimed he wanted a better deal for U.S. workers. Surprise! Oh, okay, that he was lying really isn’t a surprise at all. Far from a “better deal,” the Trump administration is now offering a North American version of the Trans-Pacific Partnership.

Although it might have seemed that the TPP was dead and buried after several years of struggle by activists on both sides of the Pacific Ocean (President Trump had as much to do with TPP’s demise as a rooster does for the rise of the Sun), the TPP’s language is being used as a model for a re-negotiated North American Free Trade Agreement.

Pete Dolack, Writer, Dandelion Salad

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Part 2: Ten Years After Financial Crisis, Our Elites Have Learned Nothing

http://www.truth-out.org/images/images_2017_08/2017_0814baker.jpg(Photo: BrianAJackson / iStock / Getty Images Plus)

The economic disaster that cost millions of people their jobs and/or their homes was 100 percent avoidable if the people responsible for making economic policy had been awake. Turning the story of the housing bubble into a story about the financial crisis is an effort to make issues that are quite simple seem very complicated.

Dean Baker, Center for Economic and Policy Research / Truthout

Monday, August 14, 2017 | Last week, I heard BBC announce the 10th anniversary of the beginning of the financial crisis. This is dated to the decision by the French bank BNP Paribas to prohibit withdrawals from two hedge funds that were heavily invested in subprime mortgage backed securities. According to BBC, this was when lending began to freeze and house prices began to fall.

The problem with BBC's story is that house prices had already been falling for more than a year. While the nationwide decline was still relatively modest, around 4 percent, the drop in many of the most active markets was more than 10 percent.

Dean Baker is a macroeconomist and codirector of the Center for Economic and Policy Research in Washington, DC. He previously worked as a senior economist at the Economic Policy Institute and an assistant professor at Bucknell University.

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Why it’s Important to Fight the Stigma Attached to Poverty: Part I

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  • Like me, I hope this poem will make you think more deeply about the strengths of, and challenges faced by, people experiencing poverty.
  • Fake Labor News? What the Mainstream Media Is Not Telling You About the Poor, Week Ending August 5, 2017

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Maya Lehmann, Daily Work

July 26, 2017 | It seems like Americans are more polarized than ever before. It is very easy to dismiss and distance ourselves from people whose beliefs, education, background, or values are different from ours. This seems particularly true in the political rhetoric these days, especially when it comes to government services and public assistance. Essentially, we have created and reinforced an “us” vs. “them” mentality that is harmful to American society and impairs our ability to work together and make positive changes that can benefit us all.

This polarization and dichotomy is definitely true in the way that people experiencing poverty are viewed. It is very easy to treat “them” as if they are somehow lesser than “us.” Often we either look at someone who is experiencing poverty as lazy or incompetent, or we act as if we have all of the solutions to fix their life, but both of these perspectives are harmful to someone’s self-sufficiency. We need to actively combat this judgmental attitude because it is not productive and it is harmful towards other people. Not only that, but these negative stereotypes are simply not true. The poem below by Julia Dinsmore articulates why we should not blame people for their situations, but instead support, encourage, affirm, respect, and realize that their situations are often the result of circumstantial or systemic barriers.

Maya Lehmann, Case Management Intern, Daily Work 

Full Story … 

Related:

Fake Labor News? What the Mainstream Media Is Not Telling You About the Poor, Week Ending August 5, 2017, Compiled by David Culver, Ed., Evergreene Digest

http://www.globalresearch.ca/wp-content/uploads/2017/03/Fake-News-400x255.jpgIf you solely rely on the Western media for enlightenment, your acquired knowledge is plain ignorance. You will never learn the truth because they simply manipulate the news. Learn the truth in our selection of articles below. 

• The United States of Cruelty, Charles P. Pierce, Esquire
• America's Disgusting, Boundless Hatred for Poor People, Brittney Cooper, Salon
• GOP Descent into Mindless Meanness, Lawrence Davidson, ConsortiumNews.com
• The rush to humiliate the poor, Dana Milbank, Washington (DC) Post 
• Indiana Republican: ‘No One Has the Guts’ to Let the Poor ‘Wither and Die’, Allen Clifton <>, Forward Progressives 

 

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