A Congressional inquiry’s findings were remarkable both for the tens of billions of dollars involved and for Apple’s audacity in saying some of its subsidiaries were stateless and beyond any tax authority’s reach.
Source: The New York Times
Raising taxes on the wealthy improves the economy.
FYI: The CRS stands for the Congressional Research Service.
(via truth-has-a-liberal-bias)
Source: questionall
This video is well worth 6 minutes of your time. Please watch it - because as a former boss of mine said: “No matter how informed you think you are about the disparity of wealth in this country, this is worth 6 minutes of your time. Not because you are not getting your fair share, rather because this kind of disparity breeds violence that will affect us all.“
Mashable:
The issue of wealth inequality across the United States is well known, but this video shows you the extent of that imbalance in dramatic and graphic fashion.The video, which started going viral on Friday and whose traffic continues to climb on YouTube — reflects the facts as seen from many different sources. We present it without comment, letting you, our readers, be the judge.
Source: Mashable
In the town that launched the War on Poverty 48 years ago, the poor are getting poorer despite the government’s help. And the rich are getting richer because of it.
The top 5 percent of households in Washington, D.C., made more than $500,000 on average last year, while the bottom 20 percent earned less than $9,500 - a ratio of 54 to 1.
That gap is up from 39 to 1 two decades ago. It’s wider than in any of the 50 states and all but two major cities. This at a time when income inequality in the United States as a whole has risen to levels last seen in the years before the Great Depression.
READ ON: The Unequal State of America - A Reuters Series
Elizabeth Warren and three other members of the Congressional Oversight Panel for the Troubled Asset Relief Program she chaired—including two members appointed by Congressional Republicans—have denounced this stealth bailout of AIG and asked Congress to intervene.
Tell Congress: Stop the secret AIG bailout.
Source: act.credoaction.com
