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[[Economic Policy-Foundational]]
[[Income Inequality]]
===== A view from north of the border =====
[https://robertreich.substack.com/p/a-view-from-north-of-the-border?utm_campaign=post&utm_medium=web&triedRedirect=true by ROBERT REICH 24/1/25 Robert Reich]
From time to time I bring you views about what’s happening in the United States from writers and journalists in other countries. The following is by Andrew Coyne, a highly respected Canadian columnist with The Globe and Mail, Canada’s most widely read newspaper.
===== Enduring confusion is the only certainty amid Trump’s latest tariff threats =====
[https://www.theguardian.com/us-news/2025/jul/11/donald-trump-latest-tariff-threats-analysis-us-economy by Heather Stewart 11/7/25 The Guardian]
“There has been no change to this date, and there will be no change,” Donald Trump said on his Truth Social platform this week. “All money will be due and payable starting AUGUST 1, 2025 – no extensions will be granted.”
===== New Mexico made childcare free. It lifted 120,000 people above the poverty line =====
[https://www.theguardian.com/us-news/2025/apr/11/childcare-new-mexico-poverty by Cecilia Nowell 11/4/25 The Guardian]
Even with support from the state, she and her husband were paying $800 a month – about half of what Sanchez and her husband paid for their mortgage in Las Cruces, New Mexico.
===== Denmark’s economy leads the world as Australia advances and USA declines =====
[https://independentaustralia.net/politics/politics-display/denmarks-economy-leads-the-world-as-australia-advances-and-usa-declines,19912 by Alan Austin 7/7/25 Independent Australia]
DENMARK HAS the world’s best-performed economy for the first time in the 19-year period through which this series has ranked economic outcomes, going back to 2007. Australia has advanced from seventh place to fifth. The USA has tumbled out of the top 20, but no longer has trustworthy data anyway.
===== Norway’s economy still leads the world, with Australia and the USA advancing =====
[https://independentaustralia.net/politics/politics-display/norways-economy-still-leads-the-world-with-australia-and-the-usa-advancing,19137 by Alan Austin 4/12/24 Independent Australia]
NORWAY HAS the world’s best economy for the second year in a row with its lead expanding dramatically. Australia has accelerated its surge up the global rankings, jumping from 13th place to seventh. The USA remains in the top 20, with strong income per person and growth in gross domestic product (GDP).
===== What Happens When You Tax Billionaires at 90 Percent? =====
[https://www.dailykos.com/stories/2023/6/3/2172881/-What-Happens-When-You-Tax-Billionaires-at-90-Percent by thomhartmann 3/6/23 DAILY KOS]
America’s billionaires (and soon to be trillionaires) pay an average of around 3.1 percent as their functional income tax rate; as a result, America is the most unequal developed society in the world. The last time severe poverty and extravagant wealth coexisted in such extremes as today in this country was during the 1920s and 1930s.
===== What the Final Stage of Reaganism Looks Like =====
[https://www.dailykos.com/stories/2022/12/16/2142212/-What-the-Final-Stage-of-Reaganism-Looks-Like?pm_source=story_sidebar&pm_medium=web&pm_campaign=recommended by thomhartmann 16/12/22 DAILY KOS]
Violence toward women and minorities has exploded. Armed militias tried to assassinate the Vice President and Speaker of the House in an attempted coup directed by the Republican President of the United States. They tried to kidnap and murder the Democratic governor of Michigan. They’re blowing up power substations from Oregon to the Carolinas. They’ve embedded themselves in DHS, police departments, and our military. They’re coordinating with fascists overseas.
===== The Joe Rogan of the Left =====
[https://www.dailykos.com/stories/2025/5/30/2324960/-The-Joe-Rogan-of-the-Left by Mark Sumner 30/5/25 DAILY KOS]
Late-stage capitalism is a wealth-concentration engine, focused on vacuuming up every dollar and putting it in as few hands as possible. Republicans are helping that vacuum suck.
===== The Biggest Political Con of the Last Century Unmasked: But Why?????? =====
[https://www.dailykos.com/stories/2025/5/21/2323602/-The-Biggest-Political-Con-of-the-Last-Century-Unmasked-But-Why by thomhartmann 21/3/25 DAILY KOS]
“If a foreign adversary snuck into our Federal budget and cut science research and education the way we’re cutting it ourselves — strategically undermining America’s long-term health, wealth, and security — we would likely consider it an act of war.”
===== Trump’s ‘revenge tax’ could threaten foreign investment into US, analysts say =====
[https://www.theguardian.com/us-news/2025/jun/16/donald-trump-revenge-tax-could-threaten-foreign-investment-into-us-analysts-say by Graeme Wearden 16/6/25 The Guardian]
A provision within the president’s One Big Beautiful Bill Act will allow the US to apply higher taxes on foreign individuals, businesses and investors connected to jurisdictions that impose “unfair foreign taxes” on US individuals and companies.
[[Libertarianism-Effects]]
===== Trussonomics is a fanatical, fantastical creed, and the last thing Britain needs =====
[https://www.theguardian.com/commentisfree/2022/sep/17/trussonomics-britain-prime-minister-liz-truss-neoliberalism by George Monbiot 3/11/22 The Guardian]
This doctrine insists that politics submits to “the market”, which means, when translated, that democracy must submit to the power of money. Any impediment to the accumulation of wealth – such as public ownership, tax, regulation, trade unions and political protest – should be torn down, either quickly and noisily or slowly and stealthily. When consumer choice is unencumbered by political interference, the market is allowed to become a Great Winnower, sifting us into a natural hierarchy of winners and losers.
=====A huge study of 50 years of tax cuts for the wealthy suggests 'trickle-down' economics makes inequality worse.=====
[https://www.businessinsider.com/tax-cuts-rich-trickle-down-income-inequality-study-2020-12?fbclid=IwAR1ppv6ngBVFRDNuNAeDpCrsezYPPt25Gaap_f0G_8f6fmTTu7vmCaCSaFY]
"Our analysis finds strong evidence that cutting taxes on the rich increases income inequality but has no effect on growth or unemployment" in the short and long term, the researchers wrote.After major tax cuts for the rich were introduced, the top 1% share of pretax national income increased by almost 1 percentage point, they found.
===== The Economy Isn’t Working. That’s Exactly the Plan. =====
[https://www.commondreams.org/views/2020/11/30/economy-isnt-working-thats-exactly-plan?utm_campaign=shareaholic&utm_medium=Social&utm_source=facebook&fbclid=IwAR0y_Aur_2uc_LNDu82tcVAAABCwCw4Yl9p4V9ROVZkazzfbPsedvcP2iaA Common Dreams 11/30/2020 by Robert Freeman]
Inequality is reaching feudal proportions, where very few own almost everything, and everyone else is crushed under the wheel of engineered destitution.
=====Social Justice Index ranks U.S. 36th out of 41 developed nations=====
=====Social Justice Index ranks U.S. 36th out of 41 developed nations=====
[https://1drv.ms/b/s!AonSXQpG-K6lpycaMlHVUcT0fsCb?e=P2UBVU Social Justice Index 12/2019]
[https://1drv.ms/b/s!AonSXQpG-K6lpycaMlHVUcT0fsCb?e=P2UBVU Social Justice Index 12/2019]
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