BY – STANLEY F. STASCH From the late 1940s to the mid-1970s, ordinary people in the United States enjoyed a tremendous increase in their prosperity. It was the highest level of prosperity the world had ever experienced, and it resulted in the creation of the great American middle class. That period was immediately followed by the … Continue reading The U.S. Government’s Program Of Welfare For The Wealthy
BY Matthew Shillito, University of Liverpool Many of the world’s richest and most powerful people are in the spotlight for the wrong reasons – again. The Pandora papers is the third and largest leak of documents in which the secret financial practices of the wealthy are exposed in the media. They highlight mass tax avoidance and … Continue reading Pandora papers: media rage at billionaire tax cheats ignores Boris Johnson’s failure to reform tax havens
BY SYLVIA TASCHKA, Wayne State University Comparisons between the United States under Trump and Germany during the Hitler era are once again being made following the storming of the U.S. Capitol on Jan. 6. Even in the eyes of German history scholars like myself, who had earlier warned of the troubling nature of such analogies, Trump’s … Continue reading How can America heal from the Trump era? Lessons from Germany’s transformation into a prosperous democracy after Nazi rule
BY PHILIP KOTLER & CHRISTIAN SARKAR The cover of the May 20, 2020 issue of Forbes magazine carries a picture of Larry Ellison, billionaire founder of Oracle Corporation. On page 114, there’s a Billionaires Index that runs six more pages in very small print. The following becomes clear: Almost every country has billionaires. Even Venezuela and … Continue reading Why Can’t Billionaires Advance the Common Good?
BY CHRISTIAN SARKAR and PHILIP KOTLER In our work on cultural narratives, we’ve proposed that cultural narratives create meaning for our place in the world, and provide a map for the journey ahead. The structure of a cultural narrative can be diagrammed as follows: In politics, the structure of a cultural narrative becomes an ideological framework for living … Continue reading Biden vs. Trump: A Tale of Two Narratives
BY ROBERT REICH Trump will do anything to be re-elected. His opponents are limited because they believe in democracy. Trump has no limits because he doesn’t. Here’s Trump’s re-election playbook, in 25 simple steps: 1. Declare yourself above the law. 2. Use racist fearmongering. Demand “law and order” and describe protesters as “thugs”, “lowlife” and … Continue reading Trump Doesn’t Believe in Democracy—Here’s His 25-Step Reelection Plan
BY JESSICA CORBETT Amazon, Apple, Facebook, Google, Microsoft, and Netflix have collectively dodged over $100 billion in global taxes so far this decade, according to an analysis released Monday by a U.K.-based tax transparency campaign group. Later this week, the Fair Tax Mark plans to publish its full report on the tax conduct of the companies, … Continue reading New Analysis Details ‘Aggressive’ Tax Dodging of Six Silicon Valley Giants—Totaling Over $100 Billion
BY CHRISTIAN SARKAR and PHILIP KOTLER Maybe they’ve been spooked by Bernie Sanders and Elizabeth Warren. Or maybe they decided that it’s time to reclaim the political conversation before America turns full-fascist. Whatever the reason, the CEOs of this great nation published their own manifesto under the august umbrella of the Business Roundtable. In it, they finally … Continue reading “Now that CEOs found purpose, what are they going to do with it?”
BY PHILIP KOTLER – A recent news item mentioned that a group of 18 ultra-wealthy Americans including George Soros and Abigail Disney and members of the Pritzker and Gund families published an open letter asking presidential candidates to support a moderate wealth tax of 1 percent. The wealth tax revenue would be used to fund environmental initiatives, fuel economic growth, and … Continue reading Can Billionaires Save America?
By PHILIP KOTLER – Donald Trump drew many followers based on believing that the next President should be a business leader, not another run-of-the-mill politician. Business leaders understand the real world, work well with people, know how to manage payroll, are decisive, and get things done. Now we have enough information about Trump’s past business … Continue reading Is Trump a Fake Business Leader?
by PHILIP KOTLER – Revolutions occur when the income and wealth gap between the rich, the middle class and the poor reaches a boiling point. We may be near the boiling point. This gap launched the Russian Revolution of 1917. Social injustice led to Castro’s takeover of Cuba and Mao Tse Tung’s takeover of China. The picture … Continue reading What To Do About The Growing U.S. Income Gap Between The Rich And Everyone Else
BY PHILIP KOTLER – No democracy is perfect. Some democracies work better than others. Swiss democracy works well. Canada’s democracy works pretty well. American democracy has fallen on hard times. In 2016, I published Democracy in Decline in which I cite many problems and solutions. We have voter suppression and low voter turnout. We let politicians choose their … Continue reading “Let Us Fix American Democracy”
BY JON QUEALLY – “I mean we can talk for a very long time about all these stupid philanthropy schemes… But we’ve got to be talking about taxes. That’s it. Taxes, taxes, taxes. All the rest is bullshit in my opinion.” While the private jets have mostly left the airport outside of Davos, Switzerland following the … Continue reading Historian’s Advice to Davos Elite Worried About Pitchforks: ‘Stop Talking About Philanthropy’ and Start Paying Higher Taxes
BY JESSICA CORBETT “It comes as no surprise that ExxonMobil and other oil companies are calling for anything and everything short of moving off fossil fuels entirely—most notably, the unwieldy and unproven concept of carbon taxes.” Amid warnings from the Intergovernmental Panel on Climate Change (IPCC) that there’s a closing window to act to prevent a … Continue reading ‘This Is a Scam”: ExxonMobil-Backed Carbon Tax Will Not Save the Planet
BY MARK BLESSINGTON – The US has high income inequality compared to other large economies. While income inequality in the US is close to China, it is rising in the US while declining in China. Many studies use the Gini statistic to measure income inequality. A Gini of 100% represents maximum income disparity, and a Gini … Continue reading What Drives US Income Disparity?
BY PHILIP KOTLER – Donald Trump was elected U.S. President one year ago. He gave his first State of the Union address on January 31, 2018, lauding all the positives of his record. But what has he actually accomplished? What damage has he done? What role has been played by his personality quirks? Trump attracts both lovers … Continue reading Trump’s One-Year Scorecard
BY PHILIP KOTLER – We all grew up in a world of work. To live, we had to work. And there was much work to do. We trusted that there will always be jobs requiring workers. Today a new disruption has taken place in our job picture. The robots are coming! Most of us were not well … Continue reading Life, Death, and Taxes in a Jobless World
BY PHILIP KOTLER – The answer to the question depends on who you ask. CHRISTIAN SARKAR Capitalism Works For Me! True/False, 2011 (aluminum and electrical) by Steve Lambert How well is American Capitalism working? The answer to the question depends on who you ask. If you ask America’s corporate executives, their answer is that American … Continue reading How Well is American Capitalism Working?
BY PHILIP KOTLER – This country badly needs serious and comprehensive tax reform but it is not likely to get it. The Republicans couldn’t get health reform or immigration reform and they are not likely to get tax reform. Their bills are always flawed by insisting on proposals without Democratic participation. Although the Republicans have … Continue reading The Nightmare of Tax Reform