Showing posts with label Robert Reich. Show all posts
Showing posts with label Robert Reich. Show all posts

May 12, 2016

Robert Reich: The rich simply can’t lose in our rigged economy

Robert Reich: The rich simply can’t lose in our rigged economy

"They’re typical of the no-lose system in which America’s corporate and financial elite now operate. But the rest of America works in a different system. Theirs is cutthroat hyper-capitalism – in which wages are shrinking, median household income continues to drop, workers are fired without warning, two-thirds are living paycheck to paycheck, and employees are being classified as “independent contractors” without any labor protections at all. Why is there no-lose socialism for the rich and cutthroat hyper-capitalism for everyone else? Because the rules of the game – including labor laws, pension laws, corporate laws, and tax laws – have been crafted by those at the top, and the lawyers and lobbyists who work for them."

March 19, 2016

The 7 Biggest Republican Lies About The Economy Torn Apart In Three Minutes (VIDEO)

http://www.addictinginfo.org/2016/03/13/the-7-biggest-republican-lies-about-the-economy-torn-apart-in-three-minutes-video/
"While Republicans tell us that cutting taxes on the rich will spur economic growth and fuel job creation, the economic data tells a very different story. As Reich points out in the video, both Ronald Reagan and George W. Bush cut taxes on the rich, and “nothing trickled down.” The result of Republican tax cuts for the rich have been the same across the states. GOP governors like Bobby Jindal and Rick Snyder have driven their states into economic ruin by imposing experimental trickle-down economic policies on citizens, with disastrous results. Along the same lines, Republicans claim that high taxes on the rich are bad for the economy. Yet history shows the opposite is true."