Thank you for reawakening a wave of excitement within the Democratic Party. Thank you for championing a list of issues that I could heartily agree with, and for refusing to be distracted from your agenda by the usual mudslinging and other negative campaigning tactics so common in politics today.
The myth of the American Dream is the dominating factor in keeping people complacent in the United States. You know it -- work hard, and your life will improve. Well, maybe not your life, but your kids', or at least your grandkids'. If that doesn't work, it is the fault of immigrants, or the darn Chinese, or those welfare freeloaders.
David Brooks, one of the most prominent of Republican elites in the country, who has even been touted as President Obama's "favorite pundit," is calling on the donor class to rescue the party from the rabble. Game's over, voters: The oligarchs will decide this election. For that's what they are: a small, unbelievably wealthy group of the powerful and privileged who already have a tighter grip on our nation, its government, politics and economy than the rapacious robber barons of our first Gilded Age. Brooks and like-minded elites believe they must be trusted to do the right thing. Let them be the Deciderers.
Steve: Everyone has been struggling with this millennial generation to find out how exactly they want to be served. We know
House GOP Votes to Take Food From the Mouths of Hungry Children to Give Huge Tax Break to Children of Multi-Millionaires -- Really?
I am not exaggerating. The GOP voted to eliminate the estate tax. But the estate tax only applies to estates larger than $5.4 million for an individual and $10.9 million for couples. Eliminating the estate tax would benefit only 5,500 families in America (.02 percent of the population).
Based on developments in our post-9/11 world, we could be watching the birth of a new American political system and a way of governing for which, as yet, we have no name. The evidence of this is all around us, and yet it's as if we can't bear to take it in or make sense of it.
Policy makers must find ways to stop inequality's march. Failure to do so will cause wealth to become more concentrated in the hands of a few, lowering the standard of living for everyone else, creating a reversal of the shared prosperity that characterized much of the 20th century.
Romney fired back on Twitter, by noting poverty levels under the Obama administration. "That's great. Lets do something about
See what your state's threshold is in the map below. What does it take to make it into the 1 percent of earners? In Arkansas
Undoubtedly timed to the opening of the World Economic Forum annual meeting in Davos, a new report by Oxfam says the richest 1 percent of people in the world will have a majority of the wealth on the planet next year. The report is a perfect preamble to the Davos meeting.
Looking forward to Tuesday's State of the Union address, we are seeing a somewhat bolder Barack Obama. The White House has already pre-announced or leaked several "fourth-quarter initiatives," in the president's words. Some of these can be accomplished by executive order; most will require legislation. The measures that can be achieved by presidential order include reducing the down-payment or interest on federally insured mortgages to stimulate home ownership. Among the measures requiring legislation is a tax plan that would increase taxes on the wealthiest in order to finance the tuition help for community college students and more generous child tax credits for working families. Obama also wants an excise tax on large banks and he is calling on Congress to pass a law giving all workers seven days of annual sick leave. All this amounts to a salutary whiff of class warfare, of the sort that identifies the president with most Americans, against the one percent. And there will probably be a few more surprises in the actual address that have not yet been leaked.