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Tag: Robert Reich


Bastian (CC BY-NC-ND 2.0)

Raising Taxes on Corporations That Pay Their CEOs Royally and Treat Their Workers Like Serfs

Until the 1980s, corporate CEOs were paid, on average, 30 times what their typical worker was paid. Since then, CEO pay has skyrocketed.

Posted on Apr 22, 2014 READ MORE



Knight725 (CC BY-NC 2.0)

Antitrust in the New Gilded Age

We’re in a new gilded age of wealth and power similar to the first gilded age when the nation’s antitrust laws were enacted.

Posted on Apr 17, 2014 READ MORE



Screenshot/YouTube

Happy Tax Day, and Why the 1 Percent Pay a Much Lower Rate Than You

It’s tax time again, April 15, when our minds turn toward paying the taxes we owe or possibly getting a tax refund.

Posted on Apr 15, 2014 READ MORE



Why the Minimum Wage Should Really Be Raised to $15 an Hour

Momentum is building to raise the minimum wage to $10.10. But we need to be more ambitious.

Posted on Apr 9, 2014 READ MORE



Nancy Pelosi (CC BY 2.0)

Friday’s Jobs Report and the Supreme Court’s McCutcheon Debacle

What does the Supreme Court’s McCutcheon decision this week have to do with Friday’s jobs report, showing 192,000 new jobs for March?

Posted on Apr 5, 2014 READ MORE



Signe Wilkinson

McCutcheon and the Vicious Cycle of Concentrated Wealth and Political Power

If wealth and income weren’t already so concentrated in the hands of a few, the shameful McCutcheon decision by the five Republican appointees to the Supreme Court wouldn’t be as dangerous.

Posted on Apr 5, 2014 READ MORE



Themeplus (CC BY-SA 2.0)

The Distributional Games

Why would people turn down a deal that made them better off simply because it made someone else far, far better off?

Posted on Apr 1, 2014 READ MORE



Truthout.org (CC BY-NC-SA 2.0)

The New Billionaire Political Bosses

Charles and David Koch should not be blamed for having more wealth than the bottom 40 percent of Americans put together.

Posted on Mar 26, 2014 READ MORE



seanmcmenemy (CC BY 2.0)

The New Tribalism and the Decline of the Nation State

We are witnessing a reversion to tribalism around the world, away from nation states. The same pattern can be seen even in America—especially in American politics.

Posted on Mar 24, 2014 READ MORE



reynermedia (CC BY 2.0)

The ‘Paid-What-You’re-Worth’ Myth

If you still believe people are paid what they’re worth, take a look at Wall Street bonuses.

Posted on Mar 15, 2014 READ MORE



Shutterstock

The Great U Turn

Do you recall a time in America when the income of a single school teacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family?

Posted on Mar 7, 2014 READ MORE



zennie62 (CC BY-ND 2.0)

The Real Job Killers

House Speaker John Boehner says raising the minimum wage is “bad policy” because it will cause job losses. 

Posted on Mar 1, 2014 READ MORE



abulhussain (CC BY 2.0)

Inequality, Productivity and WhatsApp

If you ever wonder what’s fueling America’s staggering inequality, ponder Facebook’s acquisition of the mobile messaging company WhatsApp.

Posted on Feb 22, 2014 READ MORE



Truthout.org (CC BY-NC-SA 2.0)

America’s ‘We’ Problem

America has a serious “We” problem—as in “Why should we pay for them?”

Posted on Feb 15, 2014 READ MORE



Robert Gourley (CC BY-NC 2.0)

Why the Three Biggest Economic Lessons Were Forgotten

Why has America forgotten the three most important economic lessons we learned in the 30 years after World War II?

Posted on Feb 12, 2014 READ MORE



pacogaitero (CC BY-NC-SA 2.0)

Why the Lousy Jobs Report Boosted Wall Street

How can bad news on Main Street (only 113,000 jobs were created in January, on top of a meager 74,000 in December) cause good news on Wall Street?

Posted on Feb 10, 2014 READ MORE


The War on the Poor and Middle-Class Families

By Robert Reich

Most Americans are on a downward escalator.

Posted on Feb 8, 2014 READ MORE



marsmet531 (CC BY-NC-SA 2.0)

Why Widening Inequality Is Hobbling Equal Opportunity

Is it to be inequality or equal opportunity?

Posted on Feb 6, 2014 READ MORE



chris.corwin (CC BY SA 2.0)

Why There’s No Outcry for a Revolution in America

Middle incomes are sinking, the ranks of the poor are swelling, almost all the economic gains are going to the top, and big money is corrupting our democracy. So why isn’t there more of a ruckus?

Posted on Jan 27, 2014 READ MORE



Fear Is Why Workers in Red States Vote Against Their Economic Self-Interest

Last week’s massive spill of the toxic chemical MCHM into West Virginia’s Elk River illustrates another benefit to the business class of high unemployment, economic insecurity, and a safety-net shot through with holes.

Posted on Jan 16, 2014 READ MORE



Shutterstock

Raw Deal

About the only good thing that can be said about the budget deal just patched together by House Republican budget chair Paul Ryan and Senate Democratic budget chair Patty Murray is that the right-wing Heritage Foundation and the Koch brothers’ Americans for Prosperity oppose it.

Posted on Dec 11, 2013 READ MORE


Robert Reich on America’s Income Inequality

The Dow Jones is hitting record highs, giving the top 5 percent of the U.S. (who hold more than 80 percent of stocks) another huge boost. And although Stephen Colbert doesn’t think the wealth divide is a big deal, former Truthdigger of the Week Robert Reich begs to differ.

Posted on Nov 20, 2013 READ MORE



Why the Anger?

Why is the nation more bitterly divided today than it’s been in 80 years?

Posted on Aug 13, 2013 READ MORE



Flickr/401(K) 2013

The Three Biggest Lies About Why Corporate Taxes Should Be Lowered

Instead of spending August on the beach, corporate lobbyists are readying arguments for when Congress returns in September about why corporate taxes should be lowered. But they’re lies. You need to know why so you can spread the truth.

Posted on Aug 5, 2013 READ MORE



Flickr/DonkeyHotey

Why Republicans Want Jobs to Stay Anemic

Job-growth is sputtering. So why, exactly, do regressive Republicans continue to say “no” to every idea for boosting it — even last week’s almost absurdly modest proposal by President Obama to combine corporate tax cuts with increased spending on roads and other public works?

Posted on Aug 4, 2013 READ MORE



Flickr/DonkeyHotey

Why Republicans Want to Tax Students and Not Polluters

A basic economic principle is government ought to tax what we want to discourage, and not tax what we want to encourage. Sounds pretty simple, doesn’t it? Unfortunately, congressional Republicans are intent on doing exactly the opposite.

 

Posted on Jul 7, 2013 READ MORE



Flickr / Mike Renlund

The Republicans of the Supreme Court

In order to fully understand what the five Republican appointees on the Supreme Court have been up to when they make decisions that affect our democracy, as they did last week on voting rights, you need to understand what the Republican Party has been up to.

Posted on Jul 2, 2013 READ MORE



Flickr/DonkeyHotey

Why the GOP Can’t Learn

It’s as if they didn’t learn a thing from the 2012 elections. Republicans are on the same suicide mission as before—trying to block immigration reform, roll back the clock on abortion rights and stop gay marriage wherever possible. Why can’t Republicans learn?

Posted on Jun 20, 2013 READ MORE



Image via Shutterstock

What We Need Now: A National Economic Strategy for Better Jobs

Economic determinists—fatalists, really—assume that globalization and technological change must now condemn a large portion of the American workforce to under-unemployment and stagnant wages, while rewarding those with the best eductions and connections with ever higher wages and wealth.

Posted on Jun 11, 2013 READ MORE



Image via Shutterstock

The Quiet Closing of Washington

Conservative Republicans in our nation’s capital have managed to accomplish something they only dreamed of when tea partyers streamed into Congress at the start of 2011: They’ve basically shut Congress down.

Posted on Jun 9, 2013 READ MORE



Screenshot

Reframing the Economic Debate (Video)

It’s not that most Americans have been living beyond our means, but our means haven’t kept up because of widening inequality.

Posted on May 30, 2013 READ MORE



sdh_zh (CC-BY)

Beware Capitalist Tools

Forbes magazine likes to call itself a “capitalist tool,” and routinely offers tool-like justifications for whatever it is that profit-seeking corporations want to do.

Posted on May 27, 2013 READ MORE



Gage Skidmore (CC-BY-SA)

The Xenophobe Party

In a letter to Senate Majority Leader Harry Reid on Monday, Sen. Rand Paul urged him to reconsider immigration legislation because of the bombings in Boston.

Posted on Apr 23, 2013 READ MORE


Reich Decodes the Chained CPI

This week, President Obama proposed to reduce the national deficit by adopting a new formula for adjusting for inflation in Social Security payments. Robert Reich points out that it would be “stingier than the current one.” Frankly, it would destroy Social Security over the next two decades as prices for goods and services rose and the program wasn’t allowed to keep up.

Posted on Apr 6, 2013 READ MORE


Watch: Robert Reich Explains Why the Minimum Wage Should Be Raised

“Raising the minimum wage from the current rate of $7.25 an hour to $9 should be a no-brainer,”  the former labor secretary says.

Posted on Mar 17, 2013 READ MORE


‘Left, Right & Center’: Fiscal Cliff Forever, Saucy Scalia and Double Pope

Truthdig Editor-in-Chief Robert Scheer, economist Robert Reich and the other “Left, Right & Center” panelists discuss President Obama’s criticism of the sequester cuts. Has Capitol Hill devolved into a state of perpetual dysfunction or is this disagreement finally proof that there’s something worth fighting for?

Posted on Mar 1, 2013 READ MORE


An Anniversary of America’s First Progressive Revolution

Exactly a century ago, on Feb. 3, 1913, the 16th Amendment to the Constitution was ratified, authorizing a federal income tax. Congress turned it into a graduated tax, based on “capacity to pay.” It was among the signal victories of the progressive movement.

Posted on Feb 3, 2013 READ MORE


Mitt Romney’s Question-Mark Economy

As we close in on Election Day, the questions about what Mitt Romney would do if elected grow even larger. Rarely before in American history has a candidate for president campaigned on such a blank slate.

Posted on Oct 25, 2012 READ MORE


How Obama Can Smoke Out Mitt

President Obama should propose that the nation’s biggest banks be broken up and their size capped, and that the Glass-Steagall Act be resurrected.

Posted on Oct 18, 2012 READ MORE



AP/ Carolyn Kaster

Obama Is Back

During Tuesday night’s debate, the president was articulate and forceful—in sharp contrast to his performance in the first presidential debate. He stated his beliefs. He defended his record. He told America where he wanted to take the nation in his second term. And he explained where Romney wanted to take us.

Posted on Oct 17, 2012 READ MORE



Memo to Joe, Re: Debate

Joe Biden’s job during Thursday’s vice presidential debate is to smoke Paul Ryan out, exposing his fanaticism. And the best way to do this is to force him to take responsibility for the regressive budget he created as chairman of the House Budget Committee.

Posted on Oct 11, 2012 READ MORE



Flickr/ DonkeyHotey

The Politics of Fear and the Party of Non-Voters

The latest Pew Research Center poll shows Mitt Romney ahead of President Barack Obama among likely voters, 49% to 45%. But the latest Gallup poll shows President Obama leading Romney among likely voters, 50% to 45%.

Posted on Oct 10, 2012 READ MORE


The Week Ahead: Wednesday’s Presidential Debate and Friday’s Jobs Report

The biggest election news this week won’t be who wins the presidential debate Wednesday night. It will be how many new jobs were created in September, announced Friday morning by the Bureau of Labor Statistics.

Posted on Oct 1, 2012 READ MORE


Beyond Outrage

Posted on Sep 28, 2012 READ MORE



Flickr/PBS NewsHour

Repackaging Mitt as a Compassionate Conservative? Why It’s Too Late

Romney’s stories on the campaign trail have been about business successes—people who started businesses in garages and grew their companies into global giants, millionaires who began poor. Curiously absent from these narratives have been the stories of ordinary Americans caught in an economy over which they have no control. At least until now.

Posted on Sep 26, 2012 READ MORE



Flickr/Gage Skidmore

Mitt Romney’s Biggest Problem: He’s Giving the GOP Exactly What It Wants in a Candidate

There are two major theories about why Romney is dropping in the polls. One is Romney is a lousy candidate, unable to connect with people or make his case.The second is that Americans are finally beginning to see how radical the GOP has become, and are repudiating it.

Posted on Sep 24, 2012 READ MORE


Four Reasons Why Romney Still Might Win

For the last several days I’ve been deluged with calls from my inside-the-beltway friends telling me “Romney’s dead.” Hold it. Rumors of Romney’s demise are premature for at least four reasons:

Posted on Sep 21, 2012 READ MORE



The Real Mitt Revealed

A president is supposed to represent all of America, not just the 51 percent who elect him, and have a modicum of sympathy for the less fortunate among us.

Posted on Sep 19, 2012 READ MORE


The Biggest Economic Challenge of Obama’s Second Term

What should be done starting in January to boost a recovery that by anyone’s measure is still anemic? In truth, not even the Jobs Act will be enough.

Posted on Sep 9, 2012 READ MORE


The Most Important Political News This Week

The biggest political news this week won’t be the Democratic convention. It will be Friday’s unemployment report.

Posted on Sep 5, 2012 READ MORE


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