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Steve Greenberg | How Trickle Down Economics Works / politicalcartoons.com

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To many, America’s racial wealth gap remains invisible.

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  • Economic progress has been agonizingly slow for black Americans — but many whites don’t see it that way
  • Related: The Road to Charlottesville: Reflections on 21st Century U.S. Capitalist Racism

Chauncey DeVega, Salon

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09.21.2017 | In 1992, Andrew Hacker described the state of race relations in America as "separate, hostile, unequal." He could have easily added "delusional" and "confused." 25 years later, such a description remains all too accurate.

New research from Yale University psychologists Jennifer Richeson and Michael Kraus demonstrates how many white and black Americans possess radically different perceptions -- and lived experiences -- on the economy, wealth and income.

Chauncey DeVega is a politics staff writer for Salon.

Full story … 

Related:

Paul Street | The Road to Charlottesville: Reflections on 21st Century U.S. Capitalist Racism, Paul Street, Counterpunch / Dandelion Salad 

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  • Can reparations, and the demand for a shift to an ecologically sustainable economy and society be introduced under the existing U.S. regime of class rule called capitalism? It must therefore be considered a revolutionary demand and be combined with multi-racial working-class struggle to remove the “One Percent” not just from its wealth but also and above all from its command of the structuring and purpose of “our” (their) political economy. It must be interwoven with the struggle for the broad redistribution of wealth and power and for peoples’ socialism. This is very different from the reactionary, “divisive,” and zero-sum way in which reparations is advanced by its bourgeois champions both white and Black.
  • Related: To Defeat Racism, We All Need to Dismantle Racial Capitalism

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Series | The Facts on Tax Reform, Part 3

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Read these user-friendly columns on the major issues surrounding the tax system
 
Alexandra Thornton and Seth Hanlon, Center for American Progress 

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August 24, 2017 | In the upcoming tax debate, lobbyists and special-interest groups are pushing for tax cuts for millionaires, billionaires, and corporations, often using misleading claims. This new series <https://www.americanprogress.org/tag/facts-on-tax-reform/> sets the record straight and is intended to serve as a resource to the media, policymakers, and members of the public.

Read these user-friendly columns on the major issues surrounding the tax system:


The ‘Trump Loophole’ Would Benefit Millionaires, Not Small Businesses, Alexandra Thornton and Seth Hanlon, Center for American Progress 
President Trump's and House Republicans' proposed "small-business" tax cut would create a new loophole for millionaires—including Wall Street financiers, lobbyists, lawyers, and wealthy business owners like Trump—while doing little or nothing for real small businesses.

Center for American Progress: A think tank offering policy proposals, talking points, events, news and columns.

Related:

Series | The Facts on Tax Reform, Part 2


Series | The Facts on Tax Reform, Part 1

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Series | The Facts on Tax Reform, Part 2

https://cdn.americanprogress.org/content/uploads/2017/09/22064143/AP_17255681987519.jpg

 

Read these user-friendly columns on the major issues surrounding the tax system
 
Alexandra Thornton and Seth Hanlon, Center for American Progress 

August 24, 2017 | In the upcoming tax debate, lobbyists and special-interest groups are pushing for tax cuts for millionaires, billionaires, and corporations, often using misleading claims. This new series sets the record straight and is intended to serve as a resource to the media, policymakers, and members of the public.

Read these user-friendly columns on the major issues surrounding the tax system:

Tax Reform Must Be at Least Revenue-Neutral and Avoid Gimmicks
In light of the Trump administration's and congressional Republicans' proposed massive tax cuts, this fact sheet explains how Congress should avoid various gimmicks to hide the true cost of tax cuts.
Seth Hanlon
Read more … 

# # #

A Windfall for Wealthy Heirs
This fact sheet explains why repealing the tax on estates worth more than $5.5 million would only benefit the wealthiest 0.2 percent of Americans and leave crucial domestic programs unfunded.
Seth Hanlon and Alexandra Thornton
Read more … 

# # #

A Territorial Corporate Tax Would Reward Corporate Tax Avoidance and Could Encourage Offshoring
The Trump administration and its allies in Congress are seeking to eliminate U.S. taxes on overseas corporate earnings by moving to a so-called territorial tax system—but doing so could lead to more offshoring of profits and jobs.
Alexandra Thornton and Seth Hanlon
Read more ... 

Center for American Progress: A think tank offering policy proposals, talking points, events, news and columns.

Related:

Series | The Facts on Tax Reform, Part 1


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Paul Street | The Road to Charlottesville: Reflections on 21st Century U.S. Capitalist Racism

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Image by Terence McCormack via Flickr

  • Can reparations, and the demand for a shift to an ecologically sustainable economy and society be introduced under the existing U.S. regime of class rule called capitalism? It must therefore be considered a revolutionary demand and be combined with multi-racial working-class struggle to remove the “One Percent” not just from its wealth but also and above all from its command of the structuring and purpose of “our” (their) political economy. It must be interwoven with the struggle for the broad redistribution of wealth and power and for peoples’ socialism. This is very different from the reactionary, “divisive,” and zero-sum way in which reparations is advanced by its bourgeois champions both white and Black.
  • Related: To Defeat Racism, We All Need to Dismantle Racial Capitalism

Paul Street, Counterpunch | Dandelion Salad  

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September 6, 2017 | The United States, where median Black household wealth is less than 7 cents on the white household dollar and where the mild slogan “Black lives matter” is considered controversial, is still very much a racist nation. Grasping the nature of this national racism in 21stcentury means looking at the different levels on which race operates here. One level is at the nation’s discursive and symbolic surface. It is about language, imagery, signs, the color of elite personnel, representation, and, well, symbols.

A different and deeper level is institutional and structural. It’s about how labor markets, the financial sector, the real estate industry, the educational system, the criminal justice complex, the military state, the corporate system, the dominant media, and capitalism more broadly all work to deepen, maintain, and/or reduce racial oppression and inequality.

Paul Street is an independent radical-democratic policy researcher, journalist, historian, author and speaker based in Iowa City, Iowa, and Chicago, Illinois. He is the author of seven books and writes regularly for Truthdig, Telesur English, Counterpunch, Black Agenda Report, and Z Magazine.

Full story … 

Related:

http://inthesetimes.com/images/made/images/GettyImages-835587298_850_567.jpg To Defeat Racism, We All Need to Dismantle Racial Capitalism, Rafael Diaz, In These Times

  • Poor and working people can build power by banding together across racial boundaries and fighting for radical issue and electoral campaigns. (Scott Eisen/Getty Images)
  • White people must stand alongside us on the front lines.
  • Challenging the “White Ally” Model

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