New Jersey Governor Phil Murphy Explains Why He Passed a Millionaire’s Tax

Coronavirus infection levels are climbing all around the country again. As more and more Americans stay home to avoid infection, those rising infection rates will likely bring with them another serious economic downturn, just like they did in the spring. The drop in consumer spending will harm the bottom line of small businesses, which will […]

Read More New Jersey Governor Phil Murphy Explains Why He Passed a Millionaire’s Tax

Robert Reich explains “the dangers of an economy that is too out of whack.”

We talk a lot in this space about the three central tenets of trickle-down economics: wage suppression for workers, tax cuts for the wealthy, and deregulation for the powerful. We usually refer to these three tactics in terms of policy, like campaigns against minimum-wage laws and regulations lifted by presidential executive order. But the truth […]

Read More Robert Reich explains “the dangers of an economy that is too out of whack.”

The healthcare debate has reached a ‘fever pitch’ in America

Last week, in response to my column about the outsized power employers have over their workers, a Twitter user named Jim Drinkwine pointed out a glaring omission. To my comment that underpaid workers can’t simply quit and find a better job, Drinkwine added: “Don’t forget if they quit, they lose health coverage.” That’s absolutely correct. In fact, health insurance […]

Read More The healthcare debate has reached a ‘fever pitch’ in America

If It Feels Like You’re Working Longer for Less Money, It’s Because You Are.

In a Pew poll conducted last fall, 61% of all respondents agreed that there was too much income inequality in America these days. Virtually everyone can feel that the difference between the wealthiest Americans and the poorest is growing out of control, but we don’t understand how big that gap is, or how fast it’s […]

Read More If It Feels Like You’re Working Longer for Less Money, It’s Because You Are.