Distribution of wealth in the USA

The United States has a significantly unequal distribution of weallth when held in comparison with other developed countries across the globe. So much so that recent figures state reveal that in the US 75.4% of all wealth is owned by the richest 10% of the population. This means that the US has the most extreme wealth concentration of any of the top 20 developed nations in the world.[Read more]

How corporations protect the rich

There are a multitude of tax breaks and subsidies provided by federal, state and local governments which protect the financial interests of rich corporations. These include direct federal subsidies to corporations which allegedly cost taxpayers over $100 billion each year. Image via Don Ryan/AP/Shutterstock In addition to federal subsidies, many corporations also receive state and local subsidies.… [Read more]

Why Payday Loans Should be Made Illegal

Despite the many benefits that they pose to those who use them, payday loans have been outlawed in fifteen states – Arizona, Arkansas, California, Connecticut, Georgia, Maryland, Massachusetts, Montana, New Hampshire, New Jersey, New York, Ohio, Pennsylvania and West Virginia – as well as in the District of Columbia. New York in particular expressly prohibits making such loans over the Internet as well as in person.… [Read more]

How Excessive Paperwork Can Stunt Small Business Growth

Small businesses help fuel the nation’s economic growth. Small business owners are already busy juggling plenty of challenges. Between tasks such as managing employees, keeping tabs on the industry, and striking a balance between operating expenses and turning a profit, small business owners have their work cut out for them. The last thing any small business owner needs is to heap on an unnecessary burden – such as excessive paperwork.… [Read more]

Salvaging and Growing the U.S. Economy: Moving on with Lessons Learned

Ask most and they will tell you there are two ways to salvage an economy: the revenue side, by way of taxation or fees, or on the the spending side, by way of expenditure reductions. Determining where and how much is the point at which negotiations and compromise get bogged down.

The President re-elect has released his budget for 2013 that the administration believes is fair;  at another time in history the budget would be viewed as pragmatically centrist.… [Read more]

Congress and The Election

In 2010, there was a midterm election. The Right took a seat majority from the Left. Reactions varied; some claiming to be totally unsurprised, others were more honest. Even in the face of what many termed ominous for President Obama, to his credit regardless of the validity, he took the blame. Some have appointed this stumbling block the reason behind the lack of faith in the European markets still rampant today.… [Read more]