Monthly Archives: October 2019

LOBBYING: HOW THE WEALTHY WIELD POWER

Wealthy individuals and their companies have inordinate influence on our supposedly democratic policy making through the reinforcing combination of lobbying, campaign spending, and the revolving door of personnel going back and forth between the private and public sectors. This post presents two examples of how lobbying has successfully blocked policies with strong public support and […]

LOBBYING: A KEY PIECE OF PLUTOCRATS’ POWER

Plutocrats and their companies have inordinate influence on our supposedly democratic policy-making through the reinforcing combination lobbying, campaign spending, and the revolving door of personnel going back and forth between the private and public sectors. This post focuses on presenting background information on lobbying, how much of it is occurring and who lobbyists are. My […]

THE WEALTHY PAY A LOWER TAX RATE THAN YOU DO

It’s now official: the 400 wealthiest Americans pay taxes at a lower rate than everyone else, thanks to tax cuts, loopholes, and lax enforcement. For the first time in history, wealthy Americans’ federal, state, and local taxes are a lower percentage of their incomes, 23%, than anyone else. The portion of income paid in taxes […]

REVITALIZING DEMOCRACY TO END PLUTOCRATIC ECONOMICS

This is the final post of an eight-part series on the failures of forty years of plutocratic economics that have harmed workers, the middle class, our economy, and our democracy. The basic arguments of plutocratic economics are 1) markets work and government doesn’t and 2) markets are the best way to foster life, liberty, and […]