A wealthy big shot

Unsurprise: Fifty years of tax cuts for the rich failed to trickle down, economics study says

A new paper from the London School of Economics reinforces what progressive activists and economists already know: Trickle down doesn’t. Tax cuts for the wealthy do not create jobs. In fact, they result in greater wealth hoarding and income inequality. It’s time to require the wealthy to pay their fair share in dues to our world community.

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Social Security card on top of a bed of money

Trump regime: Americans on Social Security will have to file a simple tax return to receive a $1,200 check

“Many lawmakers and advocates for the poor say filing a tax return shouldn’t be necessary for people on Social Security since the government already knows how to send this population monthly checks. The $2.2 trillion aid package said that if someone has not filed a 2019 or 2018 tax return, the U.S. Treasury should get their information from Social Security, if applicable,” The Washington Post reports.

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Flag of Alaska

‘It’s gonna kill this community’: Seattle Times covers right wing governor’s war on Alaska’s public services

Imagine if Tim Eyman became governor and began taking an axe to Washington’s public services. That’s what is happening in Alaska, where right wing extremist Mike Dunleavy is using his line item veto power to force through a 41% cut to the University of Alaska system, plus gut Medicaid, behavioral health, and the Alaska State Ferry system.

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A wealthy big shot

I’m a Depression historian. The Republican tax scam is straight out of 1929.

“Republican policies in the ’20s instead pushed to concentrate more of the income at the top. Nine decades later, Republicans are rushing to do it again — and they are sprinting toward an economic cliff. Another round of Government of the People, by the Republicans, for the super-rich will be catastrophic. The American people must call a halt before it’s too late,” writes Robert S. McElvaine.

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Vancouver, British Columbia

B.C. government raising taxes for high earners and corporations to help pay for $51.9B balanced budget

“B.C.’s new. government will spend $51.9 billion for this fiscal year to support the NDP’S stated goal of making the province more affordable for residents,” the Canadian Broadcasting Corporation reports. The budget will be balanced through increases in the corporate income tax, personal income tax (for wealthy families), and pollution tax.

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