Posts

Showing posts with the label taxes

Is the American Tax System Fair or Equitable?

Image
 

Professor Wolff: "The Debt Crisis Coming!"

Image
 

Silicon Valley *Really* Wants California.

Image
 

Professor Wolff On The "Fairness" of The US Tax System.

Image
 

Taxes & The Impact on Economic Inequality

Image
 

Can America Afford To Increase It's Military Spending?

Image
 

President Trump Sues Trump Administration IRS Over Action Taken By Previous Trump Administration.

Confused? Let NPR try to explain : President Donald Trump is suing the IRS and Treasury Department for $10 billion, as he accuses the federal agencies of a failure to prevent a leak of the president's tax information to news outlets between 2018 and 2020. The suit, filed in a Florida federal court Thursday, includes the president's sons Eric Trump and Donald Trump Jr. and the Trump organization as plaintiffs. The filing alleges that the leak of Trump and the Trump Organization's confidential tax records caused "reputational and financial harm, public embarrassment, unfairly tarnished their business reputations, portrayed them in a false light, and negatively affected President Trump, and the other Plaintiffs' public standing." In 2024, former IRS contractor Charles Edward Littlejohn of Washington, D.C. — who worked for Booz Allen Hamilton, a defense and national security tech firm — was sentenced to five years in prison after pleading guilty to leaking tax inf...

Professor Wolff On The National Debt

Image
 

What Does the Government's Investment (9% or $11.1 Billion) In Intel Mean?

Image
 

What's In The "Big Beautiful Bill" Act?

Image
 Not much that will help the non-rich: Here's one indication of how problematic the bill is: Marjorie Taylor Greene, a MAGA member and proud Trump supporter, is now against the bill, after realizing what's in it (yes; that means that she didn't read it all before voting for it). 

Reminder: Trump's Tariff Plan Was Never Going To Work.

Image
 

Will The "Big Beautiful Bill" Actually Help Average Americans?

 Jimmy Dore's rightfully skeptical .

Thomas Massie's Becoming a Problem For Donald Trump

Image
 Although the House has (narrowly) passed the " give rich people what they want bill " the libertarian Rep from Kentucky has stayed steadfast: Libertarians have been put on the GOP back-burner in favor of MAGA ( although some claim that the two overlap ). This back-and-forth can only increase the tension between the two camps, fraying an already strained alliance. 

Bad Faith: Nick Cruise Sees Opportunities For the Left In the Missteps of Trump, Democrats and Republicans

Image
 

Republican Response to Trump Tariffs

Image
 They range from "We're screwed," to "Let's wait and see," to "Hey, I'm rich; it's not my problem"

Congressional Republicans Are Trying To Trick the 99% About the Latest Tax Cut Ploy

Image
  Also, the tariffs (aka, import taxes) will help generate the "revenue" needed:

America's Economic Desperation.

Image
 

Prof. Wolff: What Trump's Return Means To The Global Economy

Image
 Hint: not what you may think.

Secular Talk Confuses "Based" With "Basic" When Discussing Kamala Harris' "Economic Plan"

Image
 Such a wonderful plan that it's not (as of this posting) on her campaign website, huh? But let's just address the "high points" on the screenshot: $25,0000 Subsidy for First-Time Homebuyers . There are currently around 15.1 million vacant homes in the US , so it's not because of a lack of available housing. Also the median sale prices for new homes is $417,300 (for those in the US, check on what it is in your state ). So even if this tepid offer allowed all 1 million people to get a house, there's still over 14 million empty homes. And this doesn't begin to address the people who lost their homes when the housing market collapsed in 2008 . This plan only sounds good if you haven't been following politics since 2004.  $6,000 Child Tax Credits . The average cost of having a child in the United States is $18,865 . Good luck finding the remaining $12,865 when the median income is around $48k . Again: it helps, but not enough.  Elimination of Medical Debt...

Professor Richard Wolff on the US Tax System.

Image