Donald Trump’s War on the Working Class

To add insult to injury Trump wants to shift the tax burden to the working class. He’s proposed lower income taxes for individuals and business in other words the rich and upper class.

Those plans – if enacted – would cut tax revenues by $6 to $7 trillion, CNN Money reported. Some of that would be made up by the tariff penalties Trump wants to impose on some imported goods, including a 10% tariff on all imports. That would effectively be a 10% federal sales tax that everybody; including those who don’t pay the income tax would pay.

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How Technology Kills Jobs and Drives Income Inequality

The idea that technology destroys jobs, impoverishes people and makes income inequality worse is a hard one to swallow, particularly

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Why No Presidential Candidate Will Visit Beattyville

Judging by the candidates’ responses, it will take a violent upheaval of some sort on behalf of poor whites simply to attract the attention of the media and the political elite. One just hopes our leaders respond to that upheaval with compassion and common sense and not with bayonets and tanks.

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Can Bernie Sanders save Capitalism from Itself?

For the last few months, this blog has shown some sympathy for the presidential bid of U.S. Senator Bernie Sanders

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Income Inequality and the New Class Warfare

You can see the recipe for class warfare here. Most Americans can no longer afford the American Dream. The potential for social unrest and violence, particularly from those that fall through the cracks, is great. One result is open class warfare, often with ugly racial overtones.

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Retail Growth Rate Raises Serious Questions about “Economic Recovery”

These major retailers are either standing still or worse experiencing shrinking retail. At a few of them such as Sears and Aeropostale revenue is actually in free fall. These numbers show us two very frightening things folks, first the retail apocalypse is heating up and getting worse and second consumer spending is dismal.

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