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These are nibbling at the edges, and only seek to limit the actions of politicians . The best way to reduce inequality is to make the lowest capital gains tax rate higher than the highest personal income tax rate.
It's telling when the Paul Ryan Republicans were touting tax reform one of the selling points was the index card-sized tax return. Simplify deductions, great. But their "ideal" tax system taxed capital gains at half the rate of income. That's it right there, for all to see.
As long as capital gains tax rates are lower than personal income tax rates, capital will be statutorily favored over labor. So much for the invisible hand. That so many people miss this is mystifying.
It is to bad the 911 hijackers did not have nukes onboard.
It would have been a total reset and a complete wipe out of the parasites in the financial district.
This was my big complaint with Obama when he had the trifecta (House, Sen, WH) from 2009-2011. They did not lift a finger to do any labor reform. Nothing. Union membership in the private sector is now down to 6%.
All the Democrats care about is the public sector unions, which is really a form of scam. Private sector and public sector unions are two entirely different beasts. It's not much of a topic of discussion in the 2020 primaries, either.
Quote:
Originally Posted by mohawkx
Not true. Upon taking office the Obama administration was handed a financial situation so bleak that it threatened to bring down the entire world economy. Saving the economy was his first priority, while republicans blocked every move he made, if they could.
Yes, true.
Show me where Obama even talked about private sector union reform. FDR was first elected in 1932, when of course the priority was the great depression. He passed major labor reform in his first term; in fact he passed reforms in his first 100 days.
Even after the GOP took the house in 2010, Speaker John Boehner worked closely with Obama, as had Tip O'Neil with Reagan. See Woodward's book The Price of Politics about Obama and Boehner.
You can't get Obama off the hook by just blanket blaming everything on the GOP.
Well, it was one presidential corporatist who once said, "The business of America is business"
So we should have felt the bat to the back of the head coming when we elected the crooked, most corrupt, insecure, shyster, snake oil salesman on the planet and handed him the free world on a platter with no restrictions.
There are already companies that ban unions are shutdown altogether as has been done.
Actually, when I think about it, I support companies shutting down, that is their right.
It is also workers rights to form organizations, it is protected under freedom of speech.
No laws should be enacted that abridge that right.
Right to Work States are an affront to that freedom. Let the workers go elsewhere or let the company shut down.
We all know what right to work is all about. Do not play dumb, you are not a talk radio host or a republican lawmaker.
Right to work, is about giving more RIGHTS to the OWNERS that pad the politicians pockets.
It is the same song and dance that has been going on for the past 40 years.
Billions spent by business owners across this nation and to state lobbyists attests to this.
Show me where Obama even talked about private sector union reform. FDR was first elected in 1932, when of course the priority was the great depression. He passed major labor reform in his first term; in fact he passed reforms in his first 100 days.
Even after the GOP took the house in 2010, Speaker John Boehner worked closely with Obama, as had Tip O'Neil with Reagan. See Woodward's book The Price of Politics about Obama and Boehner.
You can't get Obama off the hook by just blanket blaming everything on the GOP.
Choice to do what? Work for low pay and no benefits or starve. That's some choice.
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. The best way to reduce inequality is to make the lowest capital gains tax rate higher than the highest personal income tax rate.
