Recapture Future LBJ Saw for America
Posted in Main Blog (All Posts) on September 28th, 2011 4:31 am by HL
Recapture Future LBJ Saw for America
Jesse Jackson, Chicago Sun-Times
Poverty is spreading in America. The numbers are numbing: 46 million people in poverty, a record number, one out of every seven Americans. Nearly 50 million go without health insurance. There are fewer payroll jobs now than in 2000. The income of a typical household is down nearly 7 percent since 2007. And the number of working poor is skyrocketing, as good jobs get shipped abroad. About 40 percent of all the jobs in the U.S. are low-income jobs.And inequality has reached new extremes. According to Goldman Sachs, the richest 1 percent of the country earned as much last year as the bottom 60…
A Short History of the Income Tax
John Steele Gordon, Wall Street Journal
Whether the “millionaires and billionaires” are actually paying their fair share of taxes is a matter for the electorate to decide. After all, fairness is hardly an objective standard.Before the modern era, however, the federal tax system was manifestly unfair by any reasonable standard, grossly biased in favor of the well off. Ironically, attempting to fix that unfairness is what has brought us to the present moment, with a federal tax system that is grotesquely complex, often arbitrary, and corrupted by mutual back-scratching between members of Congress and influential lobbyists.
Dems Facing a Bigger Wipeout Than 2010?
Peter Wehner, Commentary
Here’s yet more good news for Democrats. National Journal reports:One of the Democratic party’s leading pollsters [Stanley Greenberg] released a survey of 60 Republican-held battleground districts today, painting an ominous picture for congressional Democrats in 2012. The poll shows Democratic House candidates faring worse than they did in the 2010 midterms, being dragged down by an unpopular president who would lose to both Texas Gov. Rick Perry and Mitt Romney.
