Demowp

Tag: Tax

  • Foolishness, Hypocrisy, the GOP and the IRS

    Take your pick from two definitions of modern-day Republicans: foolish hypocrites or hypocritical fools. When it comes to America’s $32 trillion federal deficit, each one is as fitting as the other. They’re hypocrites for saying one thing and doing another. They’re fools because the actions they take are driving the deficit ever higher. Let’s listen […]

  • Are News Media and Academia Feeding Us a Pseudo-Reality While Ignoring Big Systemic Questions?

    The newsreel is rolling, words are at an all-time cheap. The more they are talking, the less it means to me. — Brand New Kind of Blue – Gold Motel Culture is a plot to hide this fact from you…that there are doorways out of ordinary reality into worlds impossible to describe and too strange […]

  • The Federal Debt Trap: Issues and Possible Solutions

    “Rather than collecting taxes from the wealthy,” wrote the New York Times Editorial Board in a July 7 opinion piece, “the government is paying the wealthy to borrow their money.” Titled “America Is Living on Borrowed Money,” the editorial observes that over the next decade, according to the Congressional Budget Office (CBO), annual federal budget […]

  • Charter Schools Are Quintessentially and Irreversibly Private Schools by Design

    Despite endless disinformation from charter school promoters that charter schools are public schools, they differ profoundly—legally, organizationally, fiscally, and philosophically—from public schools. They are not the same. The dissimilarities are numerous by design. Calling them “public” 50 times a day does not spontaneously make charter schools public. Nor does receiving public funds automatically make charter […]

  • Another Look at the Financial Transactions Tax

    Another Look at the Financial Transactions Tax

    Photo by Mika Baumeister on Unsplash A small financial transactions tax could correct a number of maladies in our economic system, from the federal debt crisis to the widening wealth divide to the rampant financialization of the economy, while eliminating taxes on income and sales. The debt ceiling crisis has again brought into focus the […]

  • Reverse the Accelerating Warfare State Before It’s Too Late!

    The Military Budget, which devours over half of the entire federal government’s operational expenditures, has been exempted by Biden and the Congressional Republicans from any reductions in the debt limit deal just reached. Also exempted are hundreds of billions of dollars in yearly diverse corporate subsidies to big business freeloaders. Most of the cuts will […]

  • Beware of Economic Textbooks

    Protests by British university economic students against neo-classical economics highlight the notion that economic education is dominated by theories that defy practical applications and applications that cannot predict, prevent, and ameliorate periodic crises. Students learn economics from unverified and outdated theories, many contradicting one another, which leads to a confused understanding of the discipline and […]

  • The Phony War on American Culture

    The Phony War on American Culture

    Bereft of an economic program, Republicans turn to social values, beliefs, and prejudices to gain votes and turn the clock back on the change that accompanies society’s development. The GOP can no longer convince a majority of voters to support tax cuts for the rich, eliminating government regulations and cutting programs for the poor. In […]

  • Does China Have a Huge Problem Despite Impressive Economic Development?

    Does China Have a Huge Problem Despite Impressive Economic Development?

    The G7 has recently wound up its meeting in Hiroshima, and the participants joined to affirm their fear of the Threat of China. British media reported that prime minister Rishi Sunak said: “China poses the biggest challenge to global security and prosperity of our age with the ‘means and intent to reshape the world order’.” The […]

  • The True Meaning of Debt

    In debating the validity of raising the debt limit, the United States Congress has not carefully analyzed the reasons for government debt and the meaning of all debt. The true meaning of debt has the modern capitalist system as a debt-driven system. All new money supply is debt and the money supply is the energy […]

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