Plutocracy

Supreme Court's McCutcheon Decision: A Nail in Democracy's Coffin

Supreme Court's McCutcheon Decision: A Nail in Democracy's Coffin
Can democracy withstand the assault? Corporate cronyism has run amok, and the term 'plutocracy' has been thrown around reputable news sites, not just the fringe. The Supreme Court's McCutcheon decision seems just another nail in the coffin, and a far cry from the noble institutions our founding fathers envisioned.
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New Definitions for a New World: 'Koch Brothers Capitalism'

New Definitions for a New World: 'Koch Brothers Capitalism'
By labeling a type of capitalism, the action implies that there are other kinds of capitalism. And that means that capitalism doesn't have to be the way people like the Koch Brothers are making it. So, what is Koch Brothers Capitalism and can America survive its reign?
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New Reports Show Economists Paid by Very Industry They're Supposed to Objectively Analyze

New Reports Show Economists Paid by Very Industry They're Supposed to Objectively Analyze
Have you ever wondered why an economist would say that giving tax cuts to the rich makes the economy better? Or why they say that getting rid of unions is good for the economy? It turns out that many of the industry's experts are paid quite handsomely — by the very industry that they're supposed to be analyzing without bias.
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Corporate Welfare State: Big Business Taxed at 12.6 Percent, Half of What Teachers Pay

Corporate Welfare State: Big Business Taxed at 12.6 Percent, Half of What Teachers Pay
A new study shows that the big U.S. companies paid only 12.6 percent in taxes on their reported worldwide profits in 2010. Corporate taxes have gone from 5-6 percent of GDP down to only a third of that. The corporate share of all taxes paid has gone from 28 percent to a third of that, too. And these lower taxes have hurt — not helped — our economy and country.
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NC State Senator Calls ‘Moral Monday’ Protesters ‘Moral Morons’

NC State Senator Calls ‘Moral Monday’ Protesters ‘Moral Morons’
Since April, North Carolina citizens have gathered at the state capital in Raleigh for “Moral Monday” rallies and acts of civil disobedience to protest the the cruel things Republican legislators are doing to the people of the state. Nearly 400 people have been arrested and now their elected representation is labeling the Gandhi and Dr. King inspired protests as a "circus" of "morons."
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Wages at Financial Institutions Continue to Grow, Even as Wages Everywhere Else Stagnate

Wages at Financial Institutions Continue to Grow, Even as Wages Everywhere Else Stagnate
Wages used to go up as productivity went up, but in the 1970s they decoupled. Productivity kept going up but wages stagnated.
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40% of Americans Now Make Less Than 1968 Minimum Wage

40% of Americans Now Make Less Than 1968 Minimum Wage
The average American’s living standard would be much, much higher today if wages had not decoupled from productivity gains – with the gains all going to the 1 percent instead of being shared by workers. If wages had kept pace we wouldn’t feel the terrible squeeze that everyone in the middle class is feeling.
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