Monthly Archives: July 2018

Here’s How America Uses Its Land

This is just a fascinating must see and scroll for all the data visualization nerds and land use nerds and food nerds.

41% of land in the continental US is for cows!
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Are Stock Buybacks Starving the Economy?

Republicans passed their tax scam (and whole ideology for decades) claiming that if rich people were even richer they would finally be able to generously pay workers more. We’re not getting paid anymore, they’re just that much richer.

“How much might workers have benefited if companies had devoted their financial resources to them rather than to shareholders? Lowe’s, CVS, and Home Depot could have provided each of their workers a raise of $18,000 a year, the report found. Starbucks could have given each of its employees $7,000 a year, and McDonald’s could have given $4,000 to each of its nearly 2 million employees.”
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‘Eye-popping’ payouts for CEOs follow Trump’s tax cuts

Some people say the tax cut didn’t work because wages are still flat and we don’t see any more money in our pockets. But the tax cuts are working exactly as intended: the richest take everything.

“Year to date, buybacks have doubled from the same period a year ago … “Stock buyback announcements in the U.S. have swelled to the highest levels on record in the wake of last year’s corporate tax cut,” said TrimTabs Investment Research in a July 10 report. “Corporate America’s actions suggest that most of the benefits of the corporate tax cut will flow to investors in general and top corporate executives in particular.”

“In a speech last month, the SEC’s Jackson said, “There is clear evidence that a substantial number of corporate executives today use buybacks as a chance to cash out the shares of the company they received as executive pay.”
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Trump Administration Mulls a Unilateral Tax Cut for the Rich

The world’s got problems. Republicans only have one solution.
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Even Libertarians Admit Medicare for All Would Save Trillions

New study finds that Medicare for all would save Americans trillions on health costs. But how can you trust those socialists at the [checks notes] Mercatus Center, a libertarian think tank heavily funded by the [looks back at notes] the Koch brothers?
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For the biggest group of American workers, wages aren’t just flat. They’re falling.

Republicans have systematically dismantled unions over decades and instituted policies to make the rich richer, most recently giving away $1 trillion to the tippity top of the 1%. When workers have no power than ever before and capital has all the power, guess what? We don’t get paid enough.

But we can change that. A set of policies for us here and a set of policies can bring us to what we deserve.

“For workers in “production and nonsupervisory” positions, the value of the average paycheck has declined in the past year. For those workers, average “real wages” — a measure of pay that takes inflation into account — fell from $22.62 in May 2017 to $22.59 in May 2018, the Bureau of Labor Statistics said.

“This pool of workers includes those in manufacturing and construction jobs, as well as all “nonsupervisory” workers in service industries such health care or fast food. The group accounts for about four-fifths of the privately employed workers in America, according to BLS.

“The extra growth we are seeing in the economy is going somewhere: to capital owners and people at the top of the income distribution,” said Heidi Shierholz, director of policy at the Economic Policy Institute and a former chief economist at the Labor Department, noting workers’ share of corporate income remained relatively low as of January. “And what we’ve seen is in recent period a much higher share of total income earned going to owners of capital.”
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Immigrant Youth Shelters: “If You’re a Predator, It’s a Gold Mine” — ProPublica

Don’t ever tell me anything about “why can’t they follow the law?” The relentless trauma inflicted by our government is immoral and lawless.
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