The document discusses how the economy has failed the 99% over the past 30 years as the 1% have gotten richer by pushing down wages and shipping jobs overseas. It argues that the middle class is the true engine of the economy and that we need policies that invest in people and make our democracy work for regular Americans again by reforming campaign finance and taxing Wall Street speculation. Finally, it says Americans must organize together to demand an economy that creates good jobs, makes corporations and the wealthy pay their fair share, and puts people over profits.
Wage Serfs: Principles & Politics Trumping PeoplePaul H. Carr
Presented at Thoreau Society Annual Gathering
Higher taxes in Europe result in more income equality than in the US.
Invisible hand of Adam Smith's economics versus the Tragedy of the Commons
Golden Rule of Economics: Those who have the gold make the rules.
COVID's Impact on Inflation and Income EqualityPaul H. Carr
Will inflation from the COVID recovery be permanent?
What does the Federal Reserve Predict?
Has the COVID recovery increased income equality?
Why do job openings now outnumber job seekers?
Adam Lent (Ashoka) - The Schumacher Contradiction - The battle between small ...TheSchumacherInstitute
E.F.Schumacher saw human scale technology as the key to a fairer, more innovative and fulfilled world. Since his death in 1977, technology has been transformed unleashing great waves of creativity and enterprise just as Schumacher foresaw. And yet the small is beautiful revolution for which he worked seems barely to have begun with big business, big government and the inequalities of wealth and power they represent still driving our world. Is this a sign of failure or is it a coming battle for the future? How can we speed up the transition to the world for which E.F. Schumacher strived?
Wage Serfs: Principles & Politics Trumping PeoplePaul H. Carr
Presented at Thoreau Society Annual Gathering
Higher taxes in Europe result in more income equality than in the US.
Invisible hand of Adam Smith's economics versus the Tragedy of the Commons
Golden Rule of Economics: Those who have the gold make the rules.
COVID's Impact on Inflation and Income EqualityPaul H. Carr
Will inflation from the COVID recovery be permanent?
What does the Federal Reserve Predict?
Has the COVID recovery increased income equality?
Why do job openings now outnumber job seekers?
Adam Lent (Ashoka) - The Schumacher Contradiction - The battle between small ...TheSchumacherInstitute
E.F.Schumacher saw human scale technology as the key to a fairer, more innovative and fulfilled world. Since his death in 1977, technology has been transformed unleashing great waves of creativity and enterprise just as Schumacher foresaw. And yet the small is beautiful revolution for which he worked seems barely to have begun with big business, big government and the inequalities of wealth and power they represent still driving our world. Is this a sign of failure or is it a coming battle for the future? How can we speed up the transition to the world for which E.F. Schumacher strived?
Right now the Washington establishment has chosen to focus on the Debt Crisis and has forgotten Fairness. They have failed to realize that the Debt Crisis is in fact merely a symptom of our economic crisis and is the result of bad economic policy - unfair policy. This presentation puts the Debt Crisis in its proper perspective. It is brought to you by the Fairness Coalition.
Cordes & Longworth Chicago Tribune Op Ed | April 14, 2015Ed Morrison
Sam Cordes and Richard Longworth did an excellent job outlining how the governors of Illinois and Indiana are moving in the wrong direction.
In an op-ed that appeared in the Chicago Tribune, they pointed to our work in building the Regional Alliance across three states: WI, IL and IN.
Since founding the IT firm Wildflower, Inc. in 1991, visionary leader Kimberly deCastro grew the company from a one-woman operation to a successful government supplier, handling millions of dollars in contracts. Under Kimberly deCastro’s direction, the firm obtained federal HUBZone status and has provided a much needed economic stimulus to Sante Fe, New Mexico.
For this group project we had to describe the cultural differences from United States and China and what a company should know before investing in China.
I did the graphics, presented and research.
This presentation describes the role of governments in entrepreneurship. Some good examples are China Taipei, Red China, Malaysia, Singapore and USA. Governments are traditionally seen as very poor in business management. (I think it still is.) But Taipei and Singapore did very well in its role. To a large extent, Red China and its Central Bank are making direct investments not only in currencies, bonds and financial instruments but directly in commodities and businesses. And we should admire the Chinese officials for their courage and risk taking.
This presentation on privatization and TIFs was given to Theresa Amato's public interest law class at the Loyola Law School. The audio is 47 minutes long. If you'd like a copy, please email tom@civiclab.us.
Tom Tresser presented at a forum of privatization and the Chicago Infrastructure Trust at SEIU's Chicago HQ on Saturday, June 23, 2012. Visit http://www.civiclab.us. Contact Tom = tom@civiclab.us
Many Older Workers are on the Verge of RetirementAdam_Forsyth
There’s no doubt the number of retirees in the United States is going up. For one, the baby boomers or those who are from 52 to 70 years old now make up more than 73 million of the population. Members of Generation X, meanwhile, who were born from 1965 to 1981, are about 55 million. Within 10 to 15 years, they will also be on the verge of retirement.
Right now the Washington establishment has chosen to focus on the Debt Crisis and has forgotten Fairness. They have failed to realize that the Debt Crisis is in fact merely a symptom of our economic crisis and is the result of bad economic policy - unfair policy. This presentation puts the Debt Crisis in its proper perspective. It is brought to you by the Fairness Coalition.
Cordes & Longworth Chicago Tribune Op Ed | April 14, 2015Ed Morrison
Sam Cordes and Richard Longworth did an excellent job outlining how the governors of Illinois and Indiana are moving in the wrong direction.
In an op-ed that appeared in the Chicago Tribune, they pointed to our work in building the Regional Alliance across three states: WI, IL and IN.
Since founding the IT firm Wildflower, Inc. in 1991, visionary leader Kimberly deCastro grew the company from a one-woman operation to a successful government supplier, handling millions of dollars in contracts. Under Kimberly deCastro’s direction, the firm obtained federal HUBZone status and has provided a much needed economic stimulus to Sante Fe, New Mexico.
For this group project we had to describe the cultural differences from United States and China and what a company should know before investing in China.
I did the graphics, presented and research.
This presentation describes the role of governments in entrepreneurship. Some good examples are China Taipei, Red China, Malaysia, Singapore and USA. Governments are traditionally seen as very poor in business management. (I think it still is.) But Taipei and Singapore did very well in its role. To a large extent, Red China and its Central Bank are making direct investments not only in currencies, bonds and financial instruments but directly in commodities and businesses. And we should admire the Chinese officials for their courage and risk taking.
This presentation on privatization and TIFs was given to Theresa Amato's public interest law class at the Loyola Law School. The audio is 47 minutes long. If you'd like a copy, please email tom@civiclab.us.
Tom Tresser presented at a forum of privatization and the Chicago Infrastructure Trust at SEIU's Chicago HQ on Saturday, June 23, 2012. Visit http://www.civiclab.us. Contact Tom = tom@civiclab.us
Many Older Workers are on the Verge of RetirementAdam_Forsyth
There’s no doubt the number of retirees in the United States is going up. For one, the baby boomers or those who are from 52 to 70 years old now make up more than 73 million of the population. Members of Generation X, meanwhile, who were born from 1965 to 1981, are about 55 million. Within 10 to 15 years, they will also be on the verge of retirement.
This powerpoint reviews what’s at stake in the Budget showdown with clear slides and narrative. It reviews the four principles progressives have joined together to fight for and action steps you can take get involved and make a difference. This powerpoint includes some additional information about the Showdown and Pentagon spending cuts and makes the case for reducing our military spending.
This powerpoint reviews what’s at stake in the Budget showdown with clear slides and narrative. It reviews the four principles progressives have joined together to fight for and action steps you can take get involved and make a difference.
Thirty years of growing income inequality, corporate tax cuts and personal tax breaks for the wealthy have undermined the livelihood of working people and set up a state budget crisis which does not need to
exist. We present alternative tax proposals and issue a warning of the ominous consequences of privatization, layoffs and state service cuts for all New Yorkers.
There's a showdown in Washington D.C. and our future is at stake. Which side is your member of Congress on? Prosperity for working families and the middle class? Or more for millionaires and CEO’s ?
Eliminating both Hunger and Poverty is Possible; A presentation to the United...J.W. Smith
Presentation on eliminating poverty, delivered to the United Nations International School conference, 2009, by Dr. J.W. Smith of the Institute for Economic Democracy. See http://www.ied.info for more information
Byline BY JOSEPH E. STIGLITZ ILLUSTRATION BY STEPHEN DOYLEOF TH.docxRAHUL126667
Byline: BY JOSEPH E. STIGLITZ ILLUSTRATION BY STEPHEN DOYLE
OF THE 1%, BY THE 1%, FOR THE 1%
Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation's income-an inequality even the wealthy will come to regret
It's no use pretending that what has obviously happened has not in fact happened. The upper 1 percent of Americans are now taking in nearly a quarter of the nation's income every year. In terms of wealth rather than income, the top 1 percent control 40 percent. Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent. One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats. That response would be misguided. While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall. For men with only high-school degrees, the decline has been precipitous12 percent in the last quarter-century alone. All the growth in recent decadesand morehas gone to those at the top. In terms of income equality, America lags behind any country in the old, ossified Europe that President George W. Bush used to deride. Among our closest counterparts are Russia with its oligarchs and Iran. While many of the old centers of inequality in Latin America, such as Brazil, have been striving in recent years, rather successfully, to improve the plight of the poor and reduce gaps in income, America has allowed inequality to grow.
Economists long ago tried to justify the vast inequalities that seemed so troubling in the mid-19th centuryinequalities that are but a pale shadow of what we are seeing in America today. The justification they came up with was called "marginal-productivity theory." In a nutshell, this theory associated higher incomes with higher productivity and a greater contribution to society. It is a theory that has always been cherished by the rich. Evidence for its validity, however, remains thin. The corporate executives who helped bring on the recession of the past three yearswhose contribution to our society, and to their own companies, has been massively negativewent on to receive large bonuses. In some cases, companies were so embarrassed about calling such rewards "performance bonuses" that they felt compelled to change the name to "retention bonuses" (even if the only thing being retained was bad performance). Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin.
Some people look at income inequality and shrug their shoulders. So ...
At some point it's not about the money. You can't spend all of it. Trust me I've tried. When people start telling you that you're crazy, you just might be onto the most important innovation in your life. Deep inside all of us there is a primal desire to do something important in life. Your generation will change the world as every generation does. In a constantly changing world, what is possible is a moving target-challenge the status quo. Each of you has an obligation to commit to a righteous cause. One that improves the lives of human it y and the planet. Keep searching until you find a job that ignites your passions. Like I did.
The only way to get ahead is to find errors in conventional wisdom. If you do everything that everyone else does in business, you're going to lose. The only way to really be ahead, is to 'be different'.
The most important aspect of my personality as far as determining my success goes; has been my questioning conventional wisdom, doubting experts and questioning authority.
- LARRY ELLISON, ORACLE
A detailed review of the causes and effects of income inequality. Details on how extreme it is. Citation of many authors suggesting how it came about and what to do about it.
“Rebooting after the economic crash: IT, ET and America 3.0.”
Professor Jonathan Taplin , USC Annenberg School and ARNIC
The financial crisis will leave the next president with the task of rebuilding a shattered American economy. Professor Taplin will describe the potential roles of information technology and energy technology in America 3.0.
Similar to Progressive Economic Narrative for the 99% (20)
1. An America that Works for the 99%
Why isn’t the economy working?
For 30 years, the 1% have got richer at the expense of the 99%.
For the past 30 years the rich got richer while the middle-class and working families got
squeezed and crushed.
Corporations pushed up profits by pushing down wages and benefits and shipping our
jobs overseas.
The richest 400 families own more than 150 million Americans, half the country.
Taxes on the richest were cut in half.
The rich can’t spend enough to keep the economy going. The $100 million
earned in one year by the CEO of Bank of America could have provided median
incomes to 2000 families.
If our nation’s economic growth had been shared fairly for the past 30 years,
wages would be 60% higher than they are now.
Corporations are sitting on $2 trillion in cash – instead of creating jobs in
America they are making CEOs and shareholders richer. Corporate taxes are at
an historic low in terms of the economy and share of federal revenues.
As the 1% grabbed more and more, the 99% got squeezed, saved less and borrowed
more, particularly from their houses. When the housing bubble burst, the government
bailed out Wall Street but let homeowners go underwater, drowning the economy.
How do we get our economy moving forward again?
By making our economy work for the 99%.
The American middle-class is the engine of the economy. We all do better, when we all
do better.
The people who wrecked our economy should be paying for it, not profiting from
it. Deregulating Wall Street and trickle-down tax cuts for the rich didn’t create
jobs. Workers who get decent wages and benefits, who can support their
families, who shop on Main Street – that’s who create jobs. It’s simple really: Our
economy works better when every American who wants a job is working.
A strong middle-class, the engine of the economy, is built by the decisions we make
together.
Decisions to invest in our people, expand opportunity and provide security - a
world-leading education, quality affordable health care, protections at work,
retirement security.
Decisions that will pave the way for businesses to innovate and meet the future:
green jobs; fuel efficient cars and high speed rail; fixing our crumbling; bridges,
roads, water and sewer lines; a modern, energy-saving electric grid; high-speed
internet in every home and business.
Prepared for the Progressive Economic Narrative Group by USAction Education Fund 1
2. Writing rules that boost businesses that do the right thing: create good jobs here
in America; make safe products; safeguard our food, water and air; save energy
and make and install green sources of energy.
What do we – the 99% – have to do together for our country?
Make our democracy work for us, the 99%.
We’re not broke, we’ve been robbed... By the Wall Street speculators who wrecked our
economy and got bailed out. By the corporate lobbyists who bought our democracy out
from under us. By the super-rich who paid politicians to cut their tax rates in half while
their incomes went up 500%.
o Over the two years of the 2007-2008 election cycle, politicians, parties, and PACS raised
$301,000 every hour of every day, to influence and win federal elections.
We know the problem – our democracy has been robbed by the 1%. It’s up to us to
organize together, in our communities across the country, to make our democracy and
our government work for the 99%.
We are fighting for and America that works for the 99%, with liberty and justice for all:
Good jobs for everyone in America.
o Rebuild our infrastructure, create green jobs for energy independence,
educate our kids and care for our elders, pave the way for businesses
that create good jobs in America.
Make Wall Street, corporate America and the super-rich pay.
o Tax Wall Street speculation to pay for Main Street job creation.
o End tax breaks for corporations that ship profits and jobs overseas.
o Ending the Bush tax breaks for the rich could cut tuition in half for every
two and four year college student in America.
Invest in our families: educational opportunities for our children, keeping Social
Security, Medicare and Medicaid secure.
End corporate control of our democracy – put our democracy back in the hands
of the 99%.
o Stop corporate funding of elections.
o Make it possible for candidates who refuse big money contributions to
win with the support of contributions from the 99%.
The choice is clear. We stand with the 99% - the working families and the small businesses that
create two-thirds of American jobs. They stand with the 1% - the Wall Street speculators and
CEOs who cut our wages, crashed our economy and shipped our jobs overseas. The question
we have to ask every member of Congress is: which side are you on?
Prepared for the Progressive Economic Narrative Group by USAction Education Fund 2