asterisk2a + redistribution   84

Catalonia: Spain issues deadline to separatists - BBC News
who blinks first. high noon pistol fight. &! http://www.bbc.co.uk/news/world-europe-41582469 - Catalonia: Spain takes step towards direct rule //&! alt view to 'counter revolution' movement left populist outward looking welcoming immigrants welcome nationalism: http://www.spiegel.de/wirtschaft/soziales/katalonien-brexit-trump-geistige-kleinstaaterei-a-1171814.html https://twitter.com/henrikmllr/status/917289882061598726 - neonationalism (global village no accountability) neoliberal kapitalism teilte die leute auf gegen sich auf. nicht vereint. siehe fb there is no global village connection to all (fb zuck dream PR talk), alles kleine identitaeten und grueppchen. isoliert. eigener blase. schaun nicht ausm fenster, wie mittlerweile in der realitaet. wer kennt schon alles seine nachbarn im etagen house wie sein bruder oder schwester? Scotland and Catalonia indy are majority led by left socialist populous. Brexit is led by far-right conservative neoliberalism on steroids populous.
Catalonia  Spain  Gesellschaft  Society  neoliberalism  Capitalism  Individualism  Consumerism  Consumer  Selbstdarstellung  Facebook  Twitter  mental  health  globalisation  bank  bailout  double  standard  indyref  indyref2  Scotland  Brexit  immigration  Identity  Culture  Politics  LGBT  far-right  right-wing  alt-right  DonaldTrump  Donald  Trump  left-wing  Jeremy  Corbyn  SPD  btw17  GE2017  workers  union  rights  trade  Community  segregation  GFC  Austerity  vulnerable  working  poor  Precariat  No  Representation  poverty  trap  Deprivation  income  inequality  Super  Rich  1%  Oligarchy  revolving  door  Corruption  social  mobility  redistribution  welfare  state  Privatisation  profit  maximisation  ZIRP  NIRP  QE  IMF  democracy 
october 2017 by asterisk2a
Theresa May lays down independence vote challenge to Sturgeon | Politics | The Guardian
PM escalates attacks on SNP demand for greater autonomy after Brexit, throwing down referendum gauntlet [...] The prime minister told the Scottish Conservative party she would fight against any further decentralisation of power which meant the UK became “a looser and weaker union”. “We cannot allow our United Kingdom to drift apart,” she said. In a marked escalation of her attacks on the first minister’s demand for greater autonomy for the Scottish parliament after Brexit, May said there would be a strict limit to any extra powers and spending.

“We must avoid any unintended consequences for the coherence and integrity of a devolved United Kingdom as a result of our leaving the EU,” May told the Scottish Tory conference in Glasgow on Friday. [...] Despite the SNP’s grip on power in Scotland, Downing Street believes Sturgeon is in a weak position on independence. &! http://www.bbc.co.uk/news/uk-scotland-scotland-politics-39151250
SNP  Scotland  Devolution  Nicola  Sturgeon  Alex  Salmond  Theresa  May  Barnett  formula  Austerity  indyref2  Manchester  Wales  EVEL  Brexit  EU  Funding  redistribution  income  inequality  Holyrood 
march 2017 by asterisk2a
Inequality report: Top 1% of Scots have more than bottom 50% - The Scotsman
The richest one per cent north of the border owns more wealth than the bottom 50 per cent, with the poorest 40 per cent of households 9.4 times worse off in 2012/14 than the top 10 per cent, compared with 8.8 times in 2010/12. The research paper found that the least wealthy 30 per cent of households “have very few assets, with employment no longer a guarantee against low wealth.”
Scotland  inequality  Gini  Coefficient  poverty  trap  working  poor  income  mobility  social  education  public  health  distribution  redistribution  Super  Rich  1%  10%  Oligarchy  Plutocracy  UK  Precariat  downward  SNP  taxation  upward  skills  skill-biased  technological  unemployment 
february 2017 by asterisk2a
Zwei neue Bücher über Armut - Markige Skandalisierung gegen spröde Analyse
40% der bevoelkerung von armut bedroht. hoffnuslos das kinder aus der armut raus kommen. abgeschafft, das man selber nicht mehr aus der armut heraus kommt.
book  poverty  homelessness  homeless  Germany  Precariat  Soziale  Marktwirtschaft  Agenda2010  Agenda  2010  hartz-IV  UBI  Universal  Basic  Income  redistribution  gini  Coefficient  neoliberalism  Armuts  Risiko  social  mobility  squeezed  middle  class  working  poor  Self-Employment  gig  economy  zero  hour  contract  Zeitarbeit  part-time  minimum  wage  worker  union  workers  trade  Leiharbeit 
february 2017 by asterisk2a
UK faces return to inequality of Thatcher years, says report | Business | The Guardian
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister.

The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.
UK  Brexit  Austerity  tax  credit  Tories  JAM  nasty  party  Conservative  poverty  fuel  working  poor  Precariat  zero  hour  contract  Contractor  Self-Employment  gig  Economy  1099  part-time  social  mobility  income  distribution  redistribution  squeezed  middle  class  technological  unemployment  underemployed  underemployment  trap  education  policy  public  health  inequality  Food  Bank  gini  Coefficient  Triple  Lock  Pension  JSA  ESA  DWP  minimum  wage  taxation  evasion  avoidance  HMRC  NHS  inflation  living  standard  disposable  discretionary  spending  Card  consumer  debt  household  underinvestment  skills  skill-biased  Productivity  output  gap  downward  upward  Theresa  May  George  Osborne  David  Cameron  Philip  Hammond 
february 2017 by asterisk2a
The new robot revolution will take the boss's job, not the gardener's | Business | The Guardian
Advances in artificial intelligence mean a second wave of change is approaching – and it is not the low-paid service sector where jobs are most at risk // Studies have shown that technological change rather than trade has been responsible for the vast majority of the jobs lost in manufacturing in the developed world. Put simply, machines have replaced humans. Robots have taken over factories. // https://twitter.com/ianbremmer/status/822930363827757056 20/80 split. - Technology—not int'l trade—accounts for 85% of the lost manufacturing jobs in the US. Feels like it's worth the reminder. &! https://www.theatlantic.com/business/archive/2014/01/the-dark-side-of-globalization-why-seattles-1999-protesters-were-right/282831/
AI  automation  Robotics  self-driving  cars  autonomous  vehicles  squeezed  middle  class  USA  UK  technological  unemployment  UBI  Universal  Basic  Income  Grundeinkommen  economic  history  education  policy  creativity  Richard  David  Precht  Alain  de  Botton  globalisation  globalization  offshore  outsourcing  contractor  contract  zero  hour  part-time  workers  union  trade  rights  Self-Employment  gig  economy  wage  growth  neoliberalism  crony  capitalism  tax  evasion  avoidance  Competition  corporatism  monopoly  oligopol  oligopoly  1%  10%  Super  Rich  Plutocracy  Oligarchy  welfare  state  redistribution  distribution  Precariat  working  poor  downward  mobility  social  poverty  trap  Austerity  underinvestment  underemployed  underemployment 
january 2017 by asterisk2a
Economic Update: Trumponomics Exposed [2017.01.26] - YouTube
minute 8. USA and UK are two economic basket cases. "To lead the world." out of touch and delusional. thinking political speech will bring prosperity for all.
USA  UK  trade  deal  Brexit  DonaldTrump  Donald  Trump  Theresa  May  economic  history  GFC  recovery  crony  capitalism  neoliberalism  Super  Rich  1%  10%  Plutocracy  Oligarchy  inequality  income  distribution  redistribution  growth  GDP  Precariat  working  poor  squeezed  middle  class 
january 2017 by asterisk2a
How Trump Could Cause the Economic Meltdown - YouTube
Trump not addressing working poor, tech unemployment all unemployment and poor pay, growth of service sector jobs not caused by globalisation only. [...] Skidelsky promised leisure time is not in sight!!! bc tech put in place for profitmaximisation. more productivity, but worker retrained using robot paid same as before. not better. // Institutionalize Redistribution via Co-Ops (ie profit sharing, not CEO pay excess, no Wall Street shareholder dividends, but workers dividends (13th monthly payment), // Repeal ACA/Obamacare, is tax cut for 200k (250k as couple) households (10-1%)! canceling their progressive taxes on healthcare, to subsidize the poor and those without. what Obamacare enabled, insuring millions of uninsured, bc could not afford it. // Capitalism does not provide security to working class. bc taken over by neolib, crony, two rules, corruption, 1% fouvourism // do not reform, institutionalise from bottom and top redistribution ie co-op, progressive taxation (w investment tax free brackets), no tax evasion/avoidance harsher sentences, universal basic income w edu reform (Richard David Precht), ...
DonaldTrump  Donald  Trump  Co-Op  wealth  redistribution  Precariat  working  poor  Service  Sector  USA  income  growth  wage  CEO  pay  WallStreet  shareholder  stakeholder  GFC  squeezed  middle  class  poverty  trap  Consumer  Debt  household  debtoverhang  discretionary  spending  disposable  AI  Robotics  Skidelsky  technological  Productivity  leisure  time  part-time  Obamacare  ACA  neoliberal  neoliberalism  crony  Capitalism  Exploitation 
january 2017 by asterisk2a
Car Crash: Angela Constance on the SNP's timid record on inequality. - YouTube
unpalatable to take also from squeezed middle class to redistribute to poor. not just upper 20% // need more tax avoidance and evasion measure. // and corp tax and capital gains / capital income tax. (lower tax bracket if you investment in workforce skills) //&! https://youtu.be/ZDOJpIFQq9k - policy adfviser ! NHS Crisis solved w more taxation. most progressive taxation ?! CONSUMPTION OF ANIMAL PRODUCTS, ALCOHOL AND TOBACCO!
NHS  Crisis  Scotland  income  redistribution  inequality  poverty  working  poor  SNP  child  public  health  sick  population  gini  Coefficient  social  mobility  taxation 
november 2016 by asterisk2a
Up to 70% of people in developed countries 'have seen incomes stagnate' | Business | The Guardian
Research by the McKinsey Global Institute found that between 65% and 70% of people in 25 advanced countries saw no increase in their earnings between 2005 and 2014. The report found there had been a dramatic increase in the number of households affected by flat or falling incomes and that today’s younger generation was at risk of ending up poorer than their parents. Only 2% of households, 10 million people, lived through the period from 1993 to 2005 – a time of strong growth and falling unemployment – without seeing their incomes rise.
western  world  squeezed  middle  class  working  poor  Precariat  wage  growth  income  growth  income  distribution  inequality  Gini  coefficient  poverty  child  poverty  developed  world  recovery  GFC  austerity  secular  stagnation  wage  stagnation  wage  deflation  minimum  wage  minimumwage  mindestlohn  capitalism  capitalism  in  crisis  technological  unemployment  economic  history  OECD  IMF  Brexit  AfD  far  right  right-wing  far-right  income  inequality  income  mobility  social  mobility  income  redistribution  tax  avoidance  tax  evasion  neoliberal  neoliberalism  aggregate  demand  short-fall  aggregate  demand  Front  National  triple-lock  pension  UK  Germany  USA  France  shareholder  capitalism  winner  take  all  globalisation  globalization  profit  maximisation  profit  maximization  dividends  CEO  pay  career  ladder  Politicians  career  politician  No  Representation  Protest  Vote 
july 2016 by asterisk2a
Technological Unemployment (2013) w Jacque Fresco
wikipedia Jacque Fresco // MORE AI, automation, robotics, augmented intelligence, self-driving cars = LESS AGGREGATE DEMAND (disposable income of the middle class, working class & working poor) [...] productivity has risen but incomes NOT! [...] & companies are making more money for shareholders & owners with less & less people (see Facebook) [...] Industry doesnt care abt people. They hire people because it hasnt been yet automated. [...] A JOBLESS RECOVERY & JOBLESS GDP GROWTH [...] routine middle class jobs eliminated fastest! [...] pace of destruction is greater than pace of creation of new jobs! [...] ie Lawyer Software searching through files via augmented intelligence //&! Humans Need Not Apply - youtu.be/7Pq-S557XQU //&! Jerry Kaplan ((re)distribute wealth more equally - youtu.be/JiiP5ROnzw8), Rifkin (Zero Marginal Cost), Paul Mason (post-capitalism) book //&! UBI a must in future - youtu.be/WMF-Z74C1QE &! youtu.be/mEV-kAjtm9U &! youtu.be/9pdU_Rkwzes
technological  unemployment  aggregate  demand  aggregate  demand  short-fall  disposable  income  discretionary  spending  squeezed  middle  class  western  world  working  class  working  poor  Precariat  automation  Robotics  augmented  intelligence  self-driving  cars  autonomous  car  autonomous  cars  purchasing  power  wage  growth  inequality  income  distribution  Gini  coefficient  1%  10%  20%  winner  take  all  globalisation  globalization  neoliberal  neoliberalism  social  safety  net  Universal  Basic  shareholder  capitalism  crony  capitalism  capitalism  in  crisis  post-capitalism  triple-lock  pension  secular  stagnation  USA  UK  European  Union  Chicago  School  neoclassical  economics  Brexit  No  Representation  Career  Politicians  politician  Smart  Grid  Zero  Marginal  Cost  Jeremy  Rifkin  book  Mobile  Creative  Mobile  Creatives  Industrial  Revolution  technological  progress  technological  history  Soziale  Marktwirtschaft  Grundeinkommen  Paul  Mason  recovery  destruction  multinational  conglomerate  low  pay  minimum  wage  mindestlohn  Jerry  Kaplan  income  redistribution  income  growth  income  inequality  Support  income  tax  credit  welfare  reform  welfare  state  Elizabeth  Warren 
july 2016 by asterisk2a
What quality of life can minimum wage workers afford? - YouTube
&! youtu.be/9-Y7BPqj_G0 - One NYC family's struggle to survive on a fast food salary //&! Living Paycheck to Paycheck | The New York Times - youtu.be/45Ouqrnku2g //&! A Family Faces Food Insecurity in America’s Heartland - youtu.be/uV2XCQZWf_g //&! 2010, TrueNewsNetwork is more liberal conservative leaning take, against redistribution - youtu.be/F7Pq_FDIcpw //&! Poor Kids (Documentary) - Real Stories - youtu.be/i9aSp9bFmMg //&! Do minimum wage increases actually help the poor?
PBS NewsHour - youtu.be/_S0KeeGO660
working  poor  Precariat  minimum  wage  mindestlohn  working  tax  credit  child  tax  credit  in-work  benefit  subsidies  subsidizing  corporate  welfare  housing  benefit  social  mobility  income  mobility  class  warfare  USA  UK  poverty  trap  poverty  payday  loan  Loans  underemployed  underemployment  Zero  Hour  Contract  part-time  Food  Bank  Food  Stamps  living  standard  standard  of  living  quality  of  life  income  tax  credit  tax  free  income  income  redistribution  income  distribution  Gini  coefficient  child  poverty 
june 2016 by asterisk2a
What do people in Cornwall think about Brexit? - BBC Newsnight
farmers would go bankrupt if they would not have agricultural subsidies from Brussels. and since 2000, (2000-2014) 888m has been put into Cornwall (regeneration). and a further 400m is planned to be put in more till 2020 (2014-2020).
Brexit  UK  deprivation  tourism  poverty  poverty  trap  globalisation  globalization  Deindustrialization  deindustrialisation  redistribution  City  of  London  economies  of  agglomeration  economies  of  scale 
april 2016 by asterisk2a
Discussing the IMF’s research on inequality - an interview with Andrew Berg
Inequality and Unsustainable Growth (2011) - imf.org/external/pubs/ft/sdn/2011/sdn1108.pdf - what are the determinants of sustained growth (answer a middle class). phases of growth. institutional governance (tax evasion and tax avoidance). lobby, revolving door, no representation, career politicians. [...] redistribution should have win-win effect. //&! Richard Wilkinson: How economic inequality harms societies - youtu.be/cZ7LzE3u7Bw - national income per head (average) is not reflective (correlates) for health and child well-being measures, social capital (volunteering, Tories Big Society), mental health, prison population, social mobility. that is why Tories redefined fuel poverty & child poverty! That is why nominal GDP targeting is double edge sword (tax evasion and average national income per head, and being dependent on a industry for GDP (ie Brazil and resources, or south UK and banking - 80% of 2015 growth was consumtion). Leads to status anxiety & materialism/
inequality  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  squeezed  middle  class  working  poor  CEO  pay  shareholder  capitalism  IMF  western  world  Super  Rich  1%  plutocracy  oligarchy  discretionary  spending  disposable  income  Generation  Rent  poverty  poverty  trap  meritocracy  meritocratic  income  distribution  American  Dream  child  poverty  Thomas  Piketty  income  growth  income  inequality  income  mobility  Gini  coefficient  social  mobility  income  redistribution  Universal  Basic  tax  credit  tax  free  income  tax  evasion  tax  amnesty  tax  avoidance  HMRC  Political  Governance  Career  Politicians  revolving  door  Lobbying  lobby  lobbyist  No  Representation  Niall  Ferguson  secular  stagnation  Elizabeth  Warren  Precariat  job  insecurity  welfare  state  social  safety  net  nominal  GDP  targeting  WHO  consumerism  materialism  status  anxiety  values  social  status  self-esteem  mental  health  well  being  GNP 
april 2016 by asterisk2a
TWiST - E622 by TWiStartups
when displaced through technology "labour will find eventually more productive uses." // creative cognitive non-repetitive work is safe // more bounty // have to have social safety net! general welfare "complex issue" to tax the 1% for that ... // 40:50 Pakistan, Drone Warfare, one hand does x other hand does y ... see PBS Frontline on Iraq war. Also Fahrenheit 9/11. Cablegate. harbouring taliban, al-quaida, refuge and supplying them.
automation  Robotics  AI  artificial  intelligence  augmented  intelligence  self-driving  cars  autonomous  car  Mobile  Creatives  Mobile  Creative  creativity  standard  of  living  economic  history  book  Gini  coefficient  meritocracy  meritocratic  American  Dream  inequality  income  distribution  squeezed  middle  class  wage  stagnation  secular  stagnation  income  redistribution  welfare  state  social  safety  net  food  poverty  poverty  trap  child  poverty  poverty  free  market  trickle-down  economics  neoliberalism  neoliberal  fairness  tax  evasion  tax  avoidance  Generationengerechtigkeit  neoconservatism  neoconservatives  Career  Politicians  No  Representation  plutocracy  oligarchy  Super  Rich  1% 
february 2016 by asterisk2a
Full-time work is no bar to poverty in UK, report says | Society | The Guardian
Despite at least one adult working full time, millions of households cannot make ends meet, Joseph Rowntree Foundation reports [...] Millions of households struggle to make ends meet even though they include at least one adult in full-time work, according to a report by the Joseph Rowntree Foundation (JRF). Living standards have declined since 2008 despite the economy’s return to growth, the anti-poverty charity said, warning that families with children are at particular risk of a life in poverty. [...] The MIS is determined by asking members of the public to define what is needed to “live to an adequate level”. The threshold is £16,850 for a single person, £25,600 for a lone parent with one child and £36,060 for a single breadwinner with two children. [...] Approximately 11.6 million people in the UK live below the MIS, [...] An improving economy alone is not guaranteed to reverse this rise.” [...] [ no economic security in this recovery! ]
Service  Sector  Jobs  job  creation  precarious  work  Precariat  minimum  wage  Zero  Hour  Contract  Contractor  UK  poverty  tax  credit  child  poverty  squeezed  middle  class  wage  stagnation  income  growth  low  pay  low  income  disposable  income  discretionary  spending  income  distribution  income  inequality  Gini  coefficient  income  mobility  downward  mobility  social  mobility  income  redistribution  tax  free  income  recovery  austerity  living  standard  quality  of  life  Perspective  Perspektivlosigkeit  deprivation  economic  security  GFC  secular  stagnation  economic  history  inequality  health  inequality  trickle-down  economics  dogma  ideology  neoliberalism  neoliberal  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  DWP  George  Osborne  David  Cameron  Iain  Duncan  Smith  budget  deficit  tax  evasion  tax  avoidance  USA  household  debt  consumer  debt  credit  card  debt  car  loan  student  loan  debt  student  loan  student  debt  Bubble  child  care  social  safety  net  welfare  state 
february 2016 by asterisk2a
What's holding back the world economy? | Business | The Guardian
[ continued financialisation of economy / faustian pact ] QE and low interest rates have disproportionately created wealth in the financial sector and inflated asset bubbles. It has done little for the real economy. The rules of the market need to be rewritten [...] dominant policies during the post-crisis period – fiscal retrenchment and quantitative easing (QE) by major central banks – have offered little support to stimulate household consumption, investment, and growth. On the contrary, they have tended to make matters worse. In the US, quantitative easing did not boost consumption and investment partly because most of the additional liquidity returned to central banks’ coffers in the form of excess reserves. [...] private investment did not grow [...] [ QE supported only financial sector and zombie banks and corporations, little to nothing went into the real economy for investment in western world ] [ which leads us to say we are still in a banking crisis per se ]
Joseph  Stiglitz  secular  stagnation  reflate  reflation  austerity  QE  ZIRP  NIRP  TARP  TLTRO  LTRO  zombie  banks  zombie  corporations  zombie  consumer  Richard  Koo  consumer  debt  household  debt  car  loan  credit  card  debt  Student  Bubble  loan  debt  disposable  income  discretionary  spending  squeezed  middle  class  Precariat  low  pay  low  income  wage  stagnation  income  growth  USA  UK  Europe  western  world  mortgage  market  NPL  debt  servitude  underinvestment  productive  investment  infrastructure  investment  economic  history  policy  folly  policy  error  corporate  welfare  tax  evasion  tax  avoidance  Gini  coefficient  income  distribution  social  mobility  income  mobility  poverty  trap  inequality  recovery  job  creation  Service  Sector  Jobs  distortion  financial  repression  speculative  bubbles  hunt  for  yield  asset  equity  VIX  volatility  Help  to  Buy  Scheme  monetary  policy  liquidity  trap  fiscal  policy  debtoverhang  deleveraging  balance  sheet  recession  consumer  confidence  business  confidence  business  investment  productivity  output  gap  aggregate  demand  income  redistribution  repo  monetary  transmission  mechanism  monetary  system  financial  market  GFC  banking  crisis  retail  banking  investment  banking  hot-money  Frontier  Markets  emerging  market  BRIC  rent-seeking  rentier  carbon  tax  economic  damage 
february 2016 by asterisk2a
Amid market turmoil and confusion, there are four key economic trends shaping society
The UK economy currently gets nowhere near its target of 2%. Inflation would decrease the value of current debts, making them less of a burden. In a world without much inflation, it is hard to get wages up. The worse case scenario is that debt costs increase, as prices and wages stagnate. [ ignoring debt and income growth - stagnation at their peril - youtu.be/KIaXVntqlUE - gov is no household budget, Steve Keen + Richard Koo ] [...] And in this age of austerity, these factors will work against governments seeking to reduce the welfare bill. Recent data shows that, in UK cities, growing numbers of low paid jobs have led to rising claims for welfare such as housing benefits, defeating the government’s aims to reduce spending.
economic  history  secular  stagnation  inflation  targeting  nominal  GDP  targeting  fiscal  policy  monetary  policy  inflation  wage  growth  wage  stagnation  squeezed  middle  class  job  creation  Service  Sector  Jobs  low  pay  low  income  minimum  wage  UK  Mark  Carney  austerity  tax  credit  housing  benefit  working  tax  credit  debt  servitude  Super  Cycle  Richard  Koo  liquidity  trap  monetary  transmission  mechanism  monetary  stimulus  debtoverhang  balance  sheet  recession  deleveraging  household  debt  consumer  debt  credit  card  debt  western  world  GDP  wage  inflation  income  growth  disposable  income  discretionary  spending  income  distribution  Gini  coefficient  Super  Rich  1%  inequality  income  inequality  income  redistribution  tax  evasion  tax  avoidance  monetary  system  monetary  theory  student  debt  student  loan  debt  student  loan  Bubble  debt  monetisation  debt  monetization  zombie  banks  monetary  velocity  Niall  Ferguson  NPL  junk  bond  zombie  corporations  zombie  consumer  ZIRP  NIRP  QE  Taper  China  credit  BRIC  output  gap  productivity  industrial  policy  public  investment  productive  investment  business  investment  infrastructure  investment  property  financial  repression  speculative  bubbles  asset  allocation  Generationengerechtigkeit  fairness  money  supply  faultlines  global  imbalances  recovery  working  poor  Precariat 
february 2016 by asterisk2a
Revealed: the Tories new plan to squeeze the working poor (From Herald Scotland)
[ great picture of IDS. redistribution from bottom to the top. ] THE TORY government been attacked over plans to extend controversial benefit sanctions to claimants with jobs, with critics warning introducing the "shockingly harsh" penalties risks plunging workers into poverty. A number of pilot schemes are currently being carried out in the UK – including in Inverness – to assess a new scheme which the Department of Work and Pensions (DWP) says is aimed at helping workers on low earnings take on more hours and increase their income. Benefits can be stopped if claimants fail to meet requirements outlined by the DWP – such as missing Jobcentre appointments or failing to show evidence of looking for more work for a certain number of hours a week, on top of their usual job.
sanctions  DWP  Iain  Duncan  Smith  working  poor  part-time  austerity  poverty  child  poverty  food  poverty  Zero  Hour  Contract  Contractor  freelance  self-employment  precarious  work  Precariat  low  income  low  pay  minimum  wage  UK  Gini  coefficient  income  inequality  income  distribution  income  redistribution  fairness  Generationengerechtigkeit  bank  bailout  tax  evasion  tax  avoidance  Tories  nasty  party  Conservative  Funding  progressive  tax  code  corporate  welfare  subsidies  subsidizing  George  Osborne  David  Cameron  dogma  welfare  state  social  safety  net  ideology  neoliberalism  neoliberal  trickle-down  economics  tax  credit  Service  Sector  Jobs 
february 2016 by asterisk2a
BBC News on the North South Divide with Tom Hunt - YouTube
multiplier effect of service sector job = 1 or lower. meaning need to access tax credits. //&! Northern Powerhouse dept to close Sheffield office and move 247 jobs to London. - Government business department shuts largest non-London office George Osborne’s ‘northern powerhouse’ policy questioned as branch closure in Sheffield casts doubt on chancellor’s pledge to revitalise English cities - bit.ly/1PDlgSA // also northern councils have to cut deeper than souther because of lower tax base!
Northern  Powerhouse  UK  Scotland  Westminster  London  George  Osborne  Devolution  job  creation  Service  Sector  Jobs  microeconomic  policy  macroeconomic  policy  knowledge  economy  knowledge  worker  transferring-wealth  transfer  payments  income  distribution  income  redistribution  low  income  low  pay  precarious  work  Precariat  part-time  recovery  GFC  Manufacturing  STEM  productivity  output  gap  macroeconomics  microeconomics  nasty  party  Conservative  David  Cameron  Toff  Establishment  post  code  lottery  health  inequality  inequality  Gini  coefficient  social  mobility  income  mobility  wealth  distribution  Privileged  education  policy  apprenticeships  vocational  education  austerity  Council  Public  Services  Services  SNP  Scotland  Bill  Fiscal  Framework  fairness  Generationengerechtigkeit  structural  unemployment  PR  spin  doctor  Positioning 
january 2016 by asterisk2a
James Galbraith, Kate Pickett, Branko Milanovic - Consequences of Inequality and Wealth Distribution - YouTube
free education / land value tax / higher inheritance tax / abolition of private education / more progressive taxation / combat tax avoidance and tax evasion / ... Universal Basic Income //&! New Theoretical Perspectives on the Distribution of Income and Wealth Among Individuals - youtu.be/RO8KWTb2iPM - w Joseph Stiglitz and Paul Krugman --- distinguishing between wealth and capital. ignore land (free yourself from Ricardo). land. credit. //&! David Cay Johnston: The Perils Of Our Growing Inequality - David Cay Johnston about his new book, Divided: The Perils of Our Growing Inequality. - youtu.be/ok7ZJ8mS19Y
inequality  income  inequality  Gini  coefficient  education  policy  income  distribution  income  redistribution  tax  free  income  income  mobility  social  mobility  health  inequality  gender  inequality  trickle-down  economics  neoliberalism  neoliberal  welfare  state  social  safety  net  progressive  tax  code  Super  Rich  1%  oligarchy  plutocracy  social  democracy  No  Representation  Career  Politicians  democracy  tax  evasion  tax  avoidance  Universal  Basic  inheritance  tax  financial  literacy  wealth  distribution  wealth-distribution  transferring-wealth  Thomas  Piketty  Joseph  Stiglitz  Robert  Reich  squeezed  middle  class  globalization  globalisation  Paul  Krugman  Elizabeth  Warren  austerity  fairness  Generationengerechtigkeit  fiscal  policy  economic  growth  Supply  and  Demand  Demand  and  Supply  disposable  income  discretionary  spending  credit  bubble  GFC  recovery  monetary  policy  debt  servitude  consumer  debt  household  debt  Student  Loan  debt  debt  credit  card  debt  credit  card  economic  history  macroeconomic  policy  microeconomic  policy  competitiveness  productivity  knowledge  worker  book  monopoly  oligopoly  oligopol  American  Dream  meritocracy  meritocratic  post-racial  America  free  market  freemarkets  dogma  ideology 
january 2016 by asterisk2a
Insatiability, and the 15-hour week - YouTube
// book wealth of nations //&! Prof Lord Robert Skidelsky - How Much is Enough? The Economics of the Good Life - youtu.be/yeWz5Cg_BD4 //&! Guaranteed Employment & Basic Income - youtu.be/2W1ShSG1X6k //&! Why the precariat requires a basic income (Prof. Guy Standing) (ENG) - youtu.be/4WaA8zqjBSk //&! The Precariat: The new dangerous class - Sydney Ideas - youtu.be/-jJt-5i_dls
book  Robert  Skidelsky  income  distribution  GDP  nominal  GDP  targeting  macroeconomic  policy  happiness  index  microeconomic  policy  4-day  work  week  6-hour  work  day  economic  history  well  being  public  health  policy  public  health  leisure  time  work  life  balance  burnout  western  society  western  world  secular  stagnation  life  hacker  life  lesson  inequality  Gini  coefficient  wealth  distribution  tax  evasion  tax  avoidance  social  democracy  No  Representation  democracy  welfare  state  social  safety  net  minimum  wage  Universal  Basic  Thomas  Piketty  precarious  work  Precariat  working  poor  poverty  in  old  age  poverty  UK  USA  Europe  transferring-wealth  wealth-distribution  trickle-down  economics  neoliberalism  neoliberal  Super  Rich  1%  plutocracy  oligarchy  Greed  zombie  consumer  consumerism  consumerist  status  anxiety  Selbstdarstellung  Selbstfürsorge  sociology  philosophy  Aristotle  low  income  tax  free  income  income  redistribution  income  inequality 
january 2016 by asterisk2a
Woman sobs while describing life on minimum wage to Bernie Sanders – video | US news | The Guardian
A woman in the audience of a Bernie Sanders rally in Iowa Falls, Iowa, breaks down while describing what it’s like to live on minimum wage. ‘It’s really hard,’ she says. Sanders praises the woman’s bravery in speaking out, and then rallies against Republican presidential candidates calling for cuts to social security
USA  poverty  poverty  trap  Bernie  Sanders  minimum  wage  part-time  Disabled  Social  Security  welfare  state  stigma  austerity  safety  net  Food  Stamps  presidential  election  2016  income  distribution  income  redistribution  income  inequality  plutocracy  oligarchy  Super  Rich  1%  inequality  health  inequality 
january 2016 by asterisk2a
Aberdeen and Edinburgh highlighted in city economies report - BBC News
No Scottish cities were in the top 10 for "low-wage, high-welfare" economies. The 2016 report - described as a "health check" for the 63 largest UK cities - focused on Chancellor George Osborne's vow to build a "higher wage, lower welfare" economy, as set out in the Summer Budget 2015. >> It argued that nearly a million new jobs had been created in cities since 2010 - but that the average salary had also dropped by £1,300 per resident. 'High-wage, low-welfare' << [...] The think tank said the two areas' ability to attract high-skilled jobs - in the oil and professional services industries for example - was the key to their success. It argued that cities with high wages had seen faster jobs growth, with employment rising by 10% since 2010, compared with 3% in low-wage cities. [...] [ Housing Crisis across the country thus ] increased housing benefit payments.
job  creation  recovery  Service  Sector  Jobs  UK  austerity  minimum  wage  living  wage  George  Osborne  neoliberalism  neoliberal  Manufacturing  macroeconomic  policy  microeconomic  policy  low  pay  low  income  tax  credit  child  tax  credit  working  tax  credit  tax  free  income  progressive  tax  code  income  distribution  disposable  income  discretionary  spending  income  inequality  income  growth  wage  growth  secular  stagnation  globalization  globalisation  borderless  flat  world  economic  history  nasty  party  Tories  Conservative  trickle-down  economics  squeezed  middle  class  precarious  work  Precariat  wage  stagnation  income  redistribution  welfare  state  social  safety  net  David  Cameron  budget2015  budget2010  Public  Services  Services  added  value  value  creation  Housing  Crisis  affordable  social 
january 2016 by asterisk2a
There’s so much to protest against. How to keep up? | Barbara Ellen | Opinion | The Guardian
On the eve of a House of Lords vote, more than 30 charities, including Mencap, Parkinson’s UK and Mind, plus peers, including Paralympian Tanni Grey-Thompson, have criticised the cuts (which would in effect reduce ESA to ordinary jobseeker level), arguing that they would put the disabled under increased pressure and make it harder for them to find work. [...] This is what matters at present – however dutifully the Labour party opposes cuts, the Tories clearly feel “unopposed” and thus free to continue unleashing their bombardments. People like me may also owe the shamed, battered Liberal Democrats an apology – during their time in coalition perhaps they did put the brakes on the worst excesses of Tory policy.
austerity  Labour  Party  Liberal  Democrats  Tories  nasty  Disabled  vulnerable  ESA  DWP  Iain  Duncan  Smith  budget2015  welfare  state  social  safety  net  poverty  Food  Bank  House  of  Lords  Gini  coefficient  income  distribution  income  redistribution  social  mobility  income  mobility  mental  health  HR  human  resources  discrimination  George  Osborne  social  democracy  David  Cameron  Jeremy  Corbyn  Opposition  Party  Career  Politicians  No  Representation  fairness 
january 2016 by asterisk2a
BBC iPlayer - Britain's Trillion Pound Island - Inside Cayman
20bn£/year go through tax avoidance (legal through loopholes). = 20bn austerity for next 4-5 years this parliament from 2015. and was around the same from 2010 as Tories came to power forming coalition with lib dems. // who can pay for the lawyer and lobbyist - to implement loopholes. // its the gov that lets make the rules, by lobbyists. // (New Labour) Gordon Brown cut corp tax in his time by 5% and Osborne will have it cut by further 10% points in his two parliament sittings as chancellor. "You can't compete with Zero." << Cayman Islands (no infrastructure and no educated people) - vs. - UK (with infrastructure and educated people, social safety net, pensions). // ultimately, tax laws have to be changed in the local country, not cayman islands.
UK  offshore  banking  tax  avoidance  austerity  fairness  Generationengerechtigkeit  budget  deficit  Wall  Street  shareholder  value  profit  maximisation  lobbyist  lobby  Lobbying  Tories  Conservative  Party  nasty  HMRC  revolving  door  No  Representation  democracy  social  democracy  bank  bailout  GFC  crony  capitalism  capitalism  Greed  budget2015  budget2010  non-dom  Super  Rich  1%  oligarchy  plutocracy  City  of  London  poverty  income  distribution  income  redistribution  inequality  Gini  coefficient  social  mobility  income  mobility  Policy  Makers  Career  Politicians  Westminster  Council  Public  Services  Services  constituency  babyboomers  globalization  globalisation  neoliberalism  neoliberal  tax  evasion  loopholes  welfare  state  social  safety  net  corporate  tax  rate  trickle-down  economics  George  Osborne  David  Cameron  GordonBrown  Labour  Party  borderless  accounting  scandal  white-collar  crime  corporate  scandal  corporate  crime  IMF  OECD 
january 2016 by asterisk2a
The Great Unraveling Looms - Blame The 'Austrians'? | Zero Hedge
Well, well: who would have believed it. First the Bank for International Settlements comes out with a paper that links credit booms to the boom-bust business cycle, then Britain's Adam Smith Institute publishes a paper by Anthony Evans that recommends the Bank of England should ditch its powers over monetary policy and move towards free banking. [...] The BIS paper will be the more influential of the two in policy circles, and this is not the first time the BIS has questioned the macroeconomic assumptions behind the actions of the major central banks. [...] Targeting nominal GDP is not a perfect answer.
credit  bubble  economic  history  BIS  GFC  QE  ZIRP  NIRP  distortion  squeezed  middle  class  secular  stagnation  working  poor  credit  card  debt  household  debt  property  bubble  consumer  debt  monetary  policy  liquidity  trap  monetary  stimulus  monetary  theory  unconventional  monetary  policy  monetary  system  China  USA  subprime  car  loan  debt  servitude  discretionary  spending  disposable  income  Student  debt  Super  Cycle  debtoverhang  sovereign  debt  crisis  debt  bubble  debt  monetisation  debt  monetization  Fed  ECB  BOE  Japan  BOJ  Abenomics  nominal  GDP  targeting  inflation  targeting  wage  growth  wage  stagnation  income  distribution  income  inequality  low  income  income  redistribution  inequality  Gini  coefficient  Super  Rich  1%  plutocracy  oligarchy  group  think  think  tank  vested  interest  interest  groups  lobbyist  lobby  Lobbying  revolving  door  Career  Politicians  No  Representation  social  democracy  democracy 
january 2016 by asterisk2a
Wealthy areas 'getting cash aimed at poorer communities' - BBC News
[ when councils can not raise $ because there is no money $ then there needs to be redistribution. thus devolution praised to regenerate areas like the north, is a con trick. positioning. for votes. normal people don't read and think farther than headlines. ] Most of the money aimed at regenerating Scotland's most disadvantaged communities is going to wealthier areas, a report has said. The independent regeneration network, Surf, said current policies were increasing rather than reducing inequality. [...] The report said there was evidence that, following the financial crash of 2008, there was a trend of public and private sector capital being invested in Scotland's affluent areas and commercial centres with poorer areas missing out. It said that was damaging town centres and "secondary locations" such as Falkirk and Paisley. [...] fairer, wealthier and more successful place for everyone."
Devolution  Council  tax  UK  wealth  distribution  income  redistribution  deprivation  Public  Policy  London  corporate  tax  rate  neoliberalism  neoliberal  SNP  Tories  Northern  Powerhouse  Manchester  Conservative  Party  nasty  PR  spin  doctor  Positioning  election  campaign  promises  populism  tax  evasion  tax  avoidance  income  distribution  wealth-distribution  general  election  2015  Public  Services  Social  Services  austerity  post  code  lottery  education  NHS  community  structural  unemployment 
january 2016 by asterisk2a
The U.S. Is the Most Unequal Developed Economy Outside Southern Europe - Bloomberg Business
there is a list. // "In contrast, middle-class aspirations are now running up against the wall of job and retirement insecurity." Still, some investors are well-positioned to profit from the growing inequality gap. Greater product differentiation, with more price and quality options at the top and the bottom, will probably continue, Morgan Stanley said. That will benefit companies such as Nestle SA, which is successful in catering to both higher- and lower-income customers by simultaneously offering luxury and affordable products, according to Morgan Stanley.
USA  inequality  UK  health  inequality  Gini  coefficient  CEO  pay  income  distribution  income  redistribution  Germany 
november 2015 by asterisk2a
Steuererhöhung: Nur für wen? - manager magazin
Cayman Islands, Ireland und Co sind aber nicht teil der G20. Duh. Und wo bitte ist beim sparen der progressive steuer satz? // Nun denkt Schäuble laut darüber nach, die Abgeltungsteuer abzuschaffen. Denn der automatische Informationsabgleich über Auslandskonten in den G20-Staaten rückt immer näher, 2017 soll es soweit sein. Der deutsche Fiskus wüsste also auch über Auslandskonten Bescheid. Erst am Donnerstag vergangener Woche beschloss der Bundestag ein entsprechendes Gesetz. Mit dabei sind mehr als 60 Staaten, darunter auch Luxemburg und die Schweiz. Bei soviel Transparenz wird Steuerhinterziehung schwierig. // Für Steuersünder werden die Verstecke weniger - bit.ly/1I6LteU
Wolfgang  Schäuble  capital  gains  tax  capital  gains  tax  evasion  tax  avoidance  offshore  banking  G20  fairness  Generationengerechtigkeit  income  distribution  income  redistribution  tax  code  inequality  Gini  coefficient  white-collar  crime  investment  banking  Career  Politicians  No  Representation  austerity  Angela  Merkel  neoliberalism  neoliberal  trickle-down  economics 
november 2015 by asterisk2a
Gordon Brown on tax credits and Jeremy Corbyn - YouTube
&! Steve Hilton on refugee crisis, Syria and tax credits - youtu.be/2JiKaIomDJU - ISIS is jihadist ideology, is long-term war. can not close door to refugees at same time you are committed to drone warfare and direct sight bombing with fighter jets. & Is Tories welfare reform reform or smoke screen/spin/reframing of austerity?!
tax  credit  child  tax  credit  working  tax  credit  child  poverty  Gini  coefficient  working  poor  low  pay  UK  austerity  fairness  minimum  wage  childhood  development  childhood  childhood  obesity  income  mobility  social  mobility  education  policy  post  code  lottery  health  inequality  nasty  party  Tories  Conservative  poverty  food  poverty  poverty  trap  Bank  DWP  vulnerable  benefits  social  safety  net  welfare  state  budget2015  general  election  2015  election  campaign  promises  Jeremy  Hunt  Iain  Duncan  Smith  inequality  income  inequality  income  distribution  income  redistribution  trickle-down  economics  neoliberalism  neoliberal  Generationengerechtigkeit  bailout  dogma  ideology  budget  deficit  recovery  George  Osborne  David  Cameron  spin  doctor  reframing  framing  Positioning  manufactured  consent  propaganda  Polarisation  Service  Sector  Jobs  job  creation  underinvestment  productivity  output  gap 
november 2015 by asterisk2a
MSNBC...Why the Fawning Interview With the Kochs? - YouTube
What is the Citizens United decision? Corporations are people. //&! GOP Has Turned into a Race Among Oligarchs to Own Everything - youtu.be/SNja0Iwpk8s "poison the channel of public information." = Fascism = merging of business and state interest. for the few. - via vice president Henry Wallace & Franklin d. roosevelt
Koch  Brothers  plutocracy  oligarchy  Gini  coefficient  inequality  USA  Super  Rich  1%  corporate  media  corporate  state  democracy  No  Representation  Career  Politicians  lobbyist  lobby  Lobbying  revolving  door  social  democracy  trickle-down  economics  neoliberalism  neoliberal  TPP  TTIP  free  trade  trade  agreement  global  trade  TISA  NAFTA  CETA  national  interest  Nationalism  public  perception  public  awareness  Wall  Street  profit  maximisation  shareholder  value  vested  interest  interest  groups  presidential  election  2016  UK  democrats  republican  republicans  income  distribution  income  redistribution  tax  evasion  tax  avoidance  social  mobility  income  mobility  American  Dream  post-racial  America  Fascism  racism  neoconservatism  neoconservatives  right-wing  Patriot  Act  NSA  Surveillance-Industrial  Complex  military–industrial  prison–industrial  Internet  Privacy  Privacy  manufactured  consent  Noam  Chomsky  Polarisation  propaganda  populism  Lügenpresse  PR  spin  doctor  Greed  monopoly  monopsony  Monsanto  Protection  Act  oligopoly  oligopol  history 
november 2015 by asterisk2a
George Osborne vs John McDonnell - Treasury Questions - YouTube
"economic security for the country (& working people)" out of the mouth of Mr "Judgement Call" (that is what the tax credit cuts are, according to him, in front of select committee in house of commons hearing on the matter. // As if 12bn have no multiplier. 12bn for the corporate sharing it amongst their shareholders who have already bns, there is no multiplier at all. it just moves the digit after the comma. For the poop it is about paying for heating and new shoes. stupid. could afford welfare bill if corporates were to pay their fair share of taxes and not avoid and evade and no corporate welfare like for the steel industry (picking winners). = Show of Career Politician with some ideoligy and dogma and no principles. HE IS A MERCENARY. NOT A VISIONARY. A Career Politician. Calculated. Opportunistic. No long-term view. // IFS did say, in case of austerity, private sector has to pick up the slack. And it did since 2010. And new figures in household debt/credit card debt shows that.
George  Osborne  tax  credit  child  tax  credit  working  tax  credit  general  election  2020  Policy  Makers  error  renewable  energy  Hinkley  Point  C  TBTF  property  bubble  generation  rent  Housing  Crisis  tax  evasion  tax  avoidance  fairness  Generationengerechtigkeit  infrastructure  investment  underinvestment  industrial  energy  price  energy  productivity  output  gap  job  creation  Research  R&D  STEM  gender  inequality  gender  pay  gap  education  social  mobility  income  mobility  downward  mobility  Gini  coefficient  Super  Rich  1%  Toff  constituency  Establishment  election  campaign  promises  general  election  2015  babyboomers  Privileged  Entitlement  corporate  welfare  fossil  fuel  big  pharma  sick  population  Sugar  food  industry  obesity  epidemic  obesity  childhood  obesity  folly  nasty  party  Opportunism  opportunist  minority  No  Representation  Career  Politicians  David  Cameron  Conservative  Tories  capital  gains  tax  corporate  tax  rate  competitive  competitiveness  zombie  consumer  household  debt  consumer  debt  credit  card  debt  credit  card  budget  deficit  Super  Cycle  austerity  low  pay  low  income  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  secular  stagnation  wage  stagnation  income  growth  squeezed  middle  class  income  distribution  income  redistribution  income  inequality  wage  growth  lost  generation  House  of  Lords  UK  Parliam 
october 2015 by asterisk2a
Robert Reich - Timeline Photos
What about all the ballyhoo about manufacturing jobs coming back to America? Well, some have. But they pay lousy wages. The average wages of production and non-supervisory employees in manufacturing are lower today than they were in 1985, when adjusted for inflation. [...] Bottom line: Most Americans have got zilch out of this recovery. In fact, they’re worse off now than they were in 2000. Meanwhile, the top 0.1 percent is doing fabulously well. More and more people are concluding the game is rigged -- which it is. No one should be surprised at the surge in populist anger on the left and the right.
USA  job  creation  recovery  industrial  policy  wage  growth  wage  stagnation  UK  western  society  western  world  secular  stagnation  squeezed  middle  class  Sozialer  Abstieg  income  growth  economic  growth  disposable  income  income  distribution  income  mobility  income  inequality  income  redistribution  social  mobility  Gini  coefficient  Super  Rich  1%  discretionary  spending  zombie  consumer  credit  card  debt  credit  card  car  loan  2015  GFC  reflate  reflation  globalization  globalisation  flat  world  borderless  competitive  competitiveness  competition  low  pay  low  income  labour  market  labour  economics  Service  Sector  Jobs  Niedriglohn  Niedriglohnsektor  precarious  work  Precariat  working  poor  Joseph  Stiglitz  Robert  Reich  poverty  child  poverty  food  poverty  poverty  trap  generationy  babyboomers  participation  rate  manual  labour  Millennials  retirement  mainstreet  Wall  Street  profit  maximisation  shareholder  value  tax  evasion  tax  avoidance  capital  gains  tax  corporate  tax  rate  dogma  ideology  neoliberalism  neoliberal  republicans  democrats  public  awareness  public  perception  American  Dream  post-racial  America  economic  justice  fairness  bank  bailout  TBTF  too  big  to  jail  too  big  to  bail  Generationengerechtigkeit  budget  deficit  austerity  populism  corporate  corporate  r 
october 2015 by asterisk2a
Tax credit cuts - will the House of Lords stop them? - YouTube
what constitutional crisis? democracy. separation of power. checks and balances. getting the voice of the minority heard who have no voice, nobody, no lobby in Westminster to speak and represent them. // 1:44:00 David Cameron and Osborne lied to win a small majority in the general election, withholding the details of further (12bn) welfare cuts in the next parliament if they were (re-)elected. The British public is fed up. Same with LibDems budging on Student Fees post-election and students went on the street in London and elsewhere. & 1:58-59:00 because of that fact, what the gov is asking us to do to waive this through, is unacceptable. & 2:00:00 no taxation without representation & 2:34:00 Poor have to make even more hard choices that Toff can't even imagine to make. & If you don't create middle-class jobs (job creation/industrial policy), you have to top up pay with tax credit for low income. Period. & 2:47:00 proposed amendments were just soft paced cut style. no principles!
tax  credit  child  tax  credit  working  tax  credit  House  of  Lords  UK  austerity  UK  Parliament  Tories  Labour  Party  Conservative  Party  nasty  Toff  Privileged  Establishment  George  Osborne  David  Cameron  precarious  work  Precariat  working  poor  income  distribution  income  redistribution  Gini  coefficient  inequality  income  inequality  health  inequality  gender  inequality  single  parent  social  mobility  income  mobility  neoliberalism  neoliberal  fairness  GFC  bank  bailout  corporate  welfare  social  safety  net  welfare  state  Generationengerechtigkeit  recovery  budget  deficit  tax  avoidance  tax  evasion  corporate  tax  rate  subsidies  subsidizing  election  campaign  promises  general  election  2015  budget2015  minority  low  income  low  pay  minimum  wage  Sozialer  Abstieg  squeezed  middle  class  poverty  child  poverty  food  poverty  poverty  trap  Career  Politicians  No  Representation  lobbyist  lobby  Lobbying  crony  capitalism  capitalism  democracy  social  contract  Millennials  generationy  part-time  Zero  Hour  Contractor  job  creation  Niedriglohn  Niedriglohnsektor  Service  Sector  Jobs  market  manual  PR  spin  doctor  messaging  vulnerable  Disabled  Support  Universal  Basic  hartz-iv  Agenda  2010  ALG2  liberal  economic  reform 
october 2015 by asterisk2a
Warren Buffett Crushes Republicans On Taxes - YouTube
Not having a voice. No being heard. // Empört Euch! (German) Perfect Paperback – Feb 2011 by Stéphane Hessel
moral  imperative  morality  Super  Rich  1%  capital  gains  tax  capital  gains  income  tax  income  distribution  income  redistribution  infrastructure  investment  underinvestment  budget  deficit  fairness  democracy  No  Representation  Career  Politicians  austerity  tax  evasion  tax  avoidance  corporate  tax  rate  crony  capitalism  capitalism  Wall  Street  shareholder  value  profit  maximisation  exploitation  lobbyist  lobby  Lobbying  revolving  door  corruption  bribery  Party  Funding  USA  secular  stagnation  Niall  Ferguson  public  investment  Gini  coefficient  income  inequality  income  mobility  social  mobility  American  Dream  progressive  white-collar  crime  squeezed  middle  class  globalization  globalisation  flat  world  borderless  plutocracy  oligarchy  Sozialer  Abstieg  Millennials  Generationengerechtigkeit  generationy  corporate  welfare  subsidies  subsidizing  corporate  scandal  corporate  state  corporate  media  Polarisation  propaganda  populism  corporate  culture  corporate  values  corporate  governance  corporate  social  responsibility  Services  Services  dogma  ideology  neoliberalism  neoliberal  Greed  GFC  recovery  trickle-down  economics  bank  bailout  society  Gesellschaft  Wertegesellschaft  Rebellion  social  uprising  Richard  Wolff  Robert  Reich  Joseph  Stiglitz  inequality  stagnation  class 
october 2015 by asterisk2a
Global Capitalism: September 2015 Monthly Update - YouTube
Private Education (Charter Schools) that get public money, without the public being involved in decision-making how to spend that public money ... were outlawed/illegal, by Seattle Judges 6-2. //&! Tax exception of universities. Yale (4th richest uni of USA with 20bn in endowments) is being subsidized by people of the 7th poorest state. no property tax (largest land owner & employer in New Haven (Connecticut)). Public Services (Fire, Police, Hospitals) & Infrastructure. //&! min 41 Greg Mankiw: carbon tax would discriminate (burden too much) the middle class & poor with no wage growth last 30 yrs in disposable income vs corporates, well off, Super Rich, 1%. Rebuttal: tax more progressively those who can afford it. The crux of a carbon tax & tobin tax, setting it nationally, corporate lobby that it "will" be anti-competitive. Destroy Jobs. // 47:35 Science & Money. 1:09:20 Hegemony 1:22:20 public transport, US dogma; THE CAR! Committed 2 Private Free Enterprise. << Ideology. LA traffic
USA  income  distribution  income  redistribution  tax  code  lobbyist  lobby  Lobbying  inequality  Gini  coefficient  capital  gains  tax  capital  gains  tax  avoidance  tax  evasion  morality  taxpayer  income  tax  budget  deficit  neoliberalism  neoliberal  Public  Services  fairness  society  Gesellschaft  social  tension  social  cohesion  Super  Rich  1%  Wertegesellschaft  democracy  minority  majority  carbon  tax  carbon  trading  scheme  carbonemission  carbonfootprint  emissions  VAT  tax  progressive  coldprogression  kalte  Progression  income  inequality  American  Dream  income  mobility  social  mobility  tobin-tax  tobin  tax  conglomerate  heavy  industry  competitive  competitiveness  corporate  tax  rate  G  Zero  climate  change  global  warming  Policy  Makers  Generationengerechtigkeit  austerity  Monsanto  Monsanto  Protection  Act  food  industry  Hegemony  China  creditor  debtor  AIIB  TTIP  TPP  NAFTA  CETA  trade  agreement  self-regulation  regulation  regulators  oversight  accountability  ideology  dogma  free  market  transportation  transportation  underinvestment  infrastructure  investment  UK  TISA  BRIC  trickle-down  economics  economic  history  academia  academics  macroprudential  macroeconomic  microeconomic  commuting  productivity  output 
october 2015 by asterisk2a
Low wage employers in Scotland named and shamed - BBC News
Overall, the 115 UK companies named owed workers more than £389,000 in arrears. The firms spanned sectors including hairdressing, retail, education, catering and social care. Since the name and shame scheme was introduced in 2013, 400 employers have been listed, with total arrears of nearly £1.2m and penalties of about £513,000.
low  pay  low  income  precarious  work  Precariat  working  poor  UK  inequality  income  inequality  Gini  coefficient  income  distribution  income  redistribution  tax  credit  child  tax  credit  working  tax  credit  Public  Policy  poverty  child  poverty  poverty  trap  food  poverty  Tories  Conservative  Party  minimum  wage  nasty  George  Osborne  David  Cameron  living  wage  self-regulation  regulation  regulators 
october 2015 by asterisk2a
Tax credits: SNP and Conservative MPs clash over government cuts - YouTube
Natalie McGarry, the SNP's shadow disabilities spokesperson, and Conservative MP Chris Philp, a member of the Treasury Select Committee, debate the government's tax credit cuts.
tax  credit  child  tax  credit  working  tax  credit  Tories  Conservative  Party  nasty  child  poverty  poverty  poverty  trap  food  poverty  dogma  ideology  general  election  2015  election  campaign  promises  welfare  state  corporate  welfare  tax  avoidance  tax  evasion  fairness  crony  capitalism  capitalism  income  distribution  income  redistribution  marginal  propensity  to  consume  austerity  democracy  Career  Politicians  No  Representation  social  contract  SNP  Devolution  bedroom  tax  class  warfare  low  pay  job  creation  skills  gap  Gini  coefficient  income  mobility  social  mobility  social  safety  net  Westminster  education  policy  post  code  lottery  deprivation  Perspective  Perspektivlosigkeit  recovery  job  market  labour  market  labour  economics  Service  Sector  Jobs  Niedriglohnsektor  precarious  work  Precariat  general  election  2020  working  poor  secular  stagnation  wage  stagnation  wage  growth  minimum  wage  income  growth  low  income  Sozialer  Abstieg  kalte  Progression  coldprogression  2015  productivity  output  gap  George  Osborne  David  Cameron  DWP  vulnerable  Disabled  NHS  Police  Services  Public  Services  GFC  bank  bailout  budget  deficit  corporate  tax  rate  subsidies  subsidizing  short-term  constituency 
october 2015 by asterisk2a
Government facing defeat in Lords over tax credits | Politics | The Guardian
Tim Farron instructs peers to back fatal motion, greatly increasing chances of government being defeated //&! bit.ly/1NlQDCE - Live Ticker of that Day: Former shadow business secretary Chuka Umunna says that while state subsidy going to employers to top-up low wages is not desirable, it is the order of the government’s policy that is the problem, ie. cutting tax credits before the wages go up enough. [ << SHOWING HOW LITTLE EVERYDAY MORALITY, ETHICS, HUMILITY, MENSCH, COMPASSION AND SENSIBILITY TORIES HAVE. ] //&! MP Heidi Allen warns tax credit cuts 'betray' Tory values [...] cutting peoples cloth when there is no cloth. - bbc.in/1LlzFDQ [...] want "transitional" arrangements [...] [MP Heidi Allen] said her party must not treat it as "a spreadsheet exercise" since many of those affected would not be able to cope and faced a stark choice between heating their homes and putting food on their tables. //&! bit.ly/1jRP9WJ &! bit.ly/1M6zk5j - Who is MP Heidi Allen?
tax  credit  child  tax  credit  working  tax  credit  UK  austerity  Tories  nasty  party  Conservative  George  Osborne  David  Cameron  Toff  Privileged  Establishment  Entitlement  constituency  fairness  Generationengerechtigkeit  budget2015  Jeremy  Hunt  Iain  Duncan  Smith  short-term  thinking  short-term  view  Opportunism  opportunist  technocrat  Gini  coefficient  income  redistribution  income  distribution  inequality  bank  bailout  crony  capitalism  corporate  welfare  welfare  state  social  safety  net  child  poverty  food  poverty  poverty  trap  poverty  education  policy  NHS  Police  Public  Services  elderly  care  Services  Maintenance  Allowance  Student  Maintenance  Grant  DWP  JSA  ESA  vulnerable  Disabled  structural  unemployment  skills  gap  youth  unemployment  minimum  wage 
october 2015 by asterisk2a
Tory MPs in 71 marginal seats at risk from cuts to tax credits | Politics | The Guardian
George Osborne has come under fresh pressure to halt controversial cuts to tax credits as new research shows that 71 Tory MPs in marginal seats could be vulnerable to a backlash from families hit by dramatic falls in their incomes. The impact of the cuts, which will leave 3.2 million families worse off by an average of £1,300 a year from next April, is already causing concern among Conservative MPs and ministers, who believe they will punish precisely the kind of working families David Cameron claims to represent. [...] The House of Commons library has found that some families could lose up to £3,000 a year if the tax credit cuts are not reversed. // &! bit.ly/1RPnKjW - With six million people not earning enough to cover the basic cost of living, tackling in-work poverty is crucial,
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october 2015 by asterisk2a
Kolumne ǀ Vier Jahre nach Occupy — der Freitag
[ jeder fuer sich selbst ] Kolumne Die Occupy-Bewegung ist längst Vergangenheit. Die Ungleichheit jedoch wächst weiter. Vor allem, weil wir eine faire Gesellschaft immer noch dem Wachstum unterordnen [...] Warum ist es nötig, sich hinter vorgeblichen wirtschaftlichen Vorteilen einer faireren Gesellschaft zu verstecken? Warum ist Moral zur Begründung nicht genug? Sind wir nur bereit, Flüchtlingen zu helfen, wenn sie prima in unseren Arbeitsmarkt passen? Vier Jahre nach Occupy zählt immer noch vor allem anderen, was der Wirtschaft guttut. Deren Primat steht nicht in Frage. Da ist es fast egal, dass zum Jahrestag nur ein paar versprengte Occupy-Fans in den Zuccotti-Park kamen.
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october 2015 by asterisk2a
Cameron responds to Question Time tax credits complaint | Money | The Guardian
[S]he & her four children were entirely dependent on a combination of working tax credits & child benefits because her business did not make a profit. “I get £400 a week in tax credits, child maintenance from my ex-partner & child benefit. And that’s what I live on. What I make from the business goes straight back into it.” Dorrell, who accused the Tories of telling lies to her and others in a similar situation [...] The House of Commons has approved the cuts to tax credits, with only a handful of Conservatives rebelling against the measures. [...] [The] IFS & the Resolution Foundation say the welfare cuts in Osborne’s summer budget will leave some of Britain’s poorest families up to £1,300 a year out of pocket. Paul Johnson, the director of the IFS, has said it is “arithmetically impossible” for workers not to lose out from the cuts. //&! bit.ly/1jsM5AQ - The ‘work penalty’ will hit the strivers of the country & youtu.be/wrbu6NFazfU & bit.ly/1Pn59NQ & bit.ly/1h98H3X
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october 2015 by asterisk2a
Working-class Americans feel screwed. I heard it across the entire country | US news | The Guardian
Donald Trump has exposed the opportunity gulf between those who make policy and those who live it – turning immigrants into scapegoats in the process [...] The disappointment, although often wrapped in anger over immigration, is at its core about diminished opportunity. It is consistent with the economic reality that has persisted over the last three decades: except for the very rich, Americans haven’t seen their wealth increase. The people I talked to are not entirely wrong; their particular job prospects and their particular wealth have been harmed. [...] The angry are mostly people who work with their hands, who feel stuck in a vise tightening from two sides: there is a greater number of people looking for the same jobs and there are fewer jobs available, since many of these jobs having moved overseas.
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october 2015 by asterisk2a
More jobs paying below living wage - BBC News
'Prevalent' low pay The ONS figures show that the proportion of jobs paying below the living wage has grown. In 2014, young adults were most likely to be paid less than the living wage. Some 58% of jobs carried out by 18 to 24-year-olds outside of London and 48% of jobs in this age group in London were paid less than the living wage. In accommodation and food services in 2014, an estimated 65% of jobs paid less than the living wage in London and 70% in the rest of the UK. Northern Ireland had 29% of jobs paying below the living wage, the highest in the country. At the other end of the scale, 19% of jobs in the South East of England, London and Scotland paid below the living wage. [...] "These figures demonstrate that while the economy may be recovering as a whole, there is a real problem with ensuring everyone benefits, and low pay in still prevalent in Britain today."
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october 2015 by asterisk2a
How The Socialist Surge is Growing - YouTube
via Robert Reich on.fb.me/1Pn6XFK - According to a New York Times investigation reported this morning, just 358 families and the businesses they control have contributed over half the money to the 2016 presidential election so far – mostly to Republicans who have pledged to pare regulations; cut taxes on income, capital gains and inheritances; and shrink Social Security and Medicare. On the other hand, two-thirds of Americans support higher taxes on those earning $1 million or more a year, according to a June New York Times/CBS News poll, and six in 10 favor more government intervention to reduce the gap between the rich and the poor. And according to the Pew Research Center, nearly seven in 10 favor preserving Social Security and Medicare benefits as they are. To an extent we haven’t seen since the Gilded Age of the 1890s, the upcoming election is between a tiny group of super-rich and the rest of us. We must do everything possible to reclaim our democracy.
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october 2015 by asterisk2a
'The trade union bill is sinister' | Owen Jones meets Frances O'Grady - YouTube
>> Changes for Tories constituency.
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september 2015 by asterisk2a
One Map Shows Just How Expensive College Can Be for Students Making Minimum Wage
[S]ubstantial evidence that lack of information plays a critical role in shaping the financial decisions people make. Consider how a vast majority of people who are currently defaulting on their student loans in the U.S. would be able to halt their financial suffering if they knew they could enroll in an income-based repayment plan that would shrink or eliminate their monthly payments. This map goes some way toward explaining why low-income students are less likely to enroll in college. If the idea that college is a risky investment is something thats gaining traction in well-to-do circles, then surely people who hail from less fortunate backgrounds are even more inclined to think the potential price is too high. // could be seen as balance sheet recession: rising cost of education - & on other side - unable 2 pay w job u can get (asset value). Education is mispriced in UK/USA in a new world going forward! >> youtu.be/_EDGTzOXa_g?t=1h46m5s
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september 2015 by asterisk2a
China's impossible trinity - BBC News
At the heart of China's problem is the "impossible trinity" of international macroeconomics. The impossible trinity - or trilemma - is the idea that it is impossible for a country to have three things at the same time: a stable currency, the free movement of capital (i.e. the absence of capital controls) and independent monetary policy. A country can instead choose just two of the options from this policy suite. The UK, in common with most developed economies, has free capital movement and an independent monetary policy - but not a controlled exchange rate. The Bank of England sets interest rates at a level it thinks is right for the UK economy and - as capital can flow into and out of the UK at will - the exchange rate is determined by the market. [...] But the bigger criticism is usually over the nature of the post-2009 stimulus package [...] But, for all the criticism, the counterfactual is rarely stated. What would global growth have looked like without it? [//+ deflation factors]
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september 2015 by asterisk2a
▶ How The Economic Machine Works by Ray Dalio
credit great 4 productive investments 4 the future that will benefit u/me/gov/biz like infrastructure/edu/skills. but waste 4 pure consumption that dont increase productivity in the long run. Like consumer credit spend 2 replace a 2yr old flat screen. vs consumer credit 4 vocational/professional further edu 2 get a higher earning job (future higher income 2 repay the then debt liability & have some more/left over). Bad if u dont have later higher earnings from higher education 2 repay debt & just work in an underemployed placement that any college dropout could do. Thing is, college dropout doesnt have that debt liability that the higher education person has (reduced disposable income bc debt repayment + interest payments.) Women are hit double (gender pay gap) & triple (childcare long-term earnings loss). // min16 income growth important 2 keep up with debt repayment beyond interest. if not, we reached peak long-term debt cycle! // doesnt include globalisation's deflationary effects
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september 2015 by asterisk2a
After the Crisis - Mark Blyth - YouTube
>> what if rise of the banks (deregulation, easy credit, global financial markets - arbitrage, and making money with money) fuelled the growth of the last ~25-30 years. // min 47 3 asset bubbles popped // USA - 40% of corporate profits came from 10% of corporate sector (banks) // 30% of MIT grads went to banks instead of real world engineering and manufacturing. // underwater private sector! via credit bubble: student loans (now 1trn and still rising in USA and UK, future disposable income/discretionary spending lower than babyboomers because of wage stagnation, no wage growth) credit cards, mortgages, heloc (home equity line of credit) --- all will have to focus on paying back debt. // 2015 - us student loans 1.25trn - bit.ly/1KJ29uc + auto loans << bubble to eventually pop when collateral is falling! ie stagnant wages for 10 more years. and more and more cant repay their student loans. // 1:12:00 Bubbles move on; dot.com, real estate (property) & commodities, China,
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september 2015 by asterisk2a
Headline Numbers: How do you measure inequality? - BBC News
Research from the Institute for Policy Studies found that in 2014, bonuses paid to Wall Street employees had been double the total annual pay earned by all Americans who worked full-time at the federal minimum wage. I crunched the numbers and it turned out that the same was true for the UK. [...] The Office for National Statistics (ONS) had figures out on Wednesday based on the definition that people were in poverty if their income was below 60% of the median level (to find the median income, line up all the people in the country in order of income and take the middle one). It found that almost a third of the UK population had experienced poverty in at least one of the years between 2010 and 2013, which is very high by European standards. The OECD sets out a summary of what has happened to examples of all three of these measures. Across its 34 member countries, the Gini Coefficient rose gradually from 1996, fell slightly for the financial crisis and then resumed its upward path.
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may 2015 by asterisk2a
Rt Hon David Blunkett MP | Where Next for Welfare? - YouTube
helping people to cope w change in the labour market, enabling to succeed in a changing labour market. // instead one is exposed to the downward spiral of long-term unemployment, instead of enabling social mobility and income (and personal) growth // throwing away human capital // we inherit what we seed - you reap what you sow // min 24 - getting corporate entities to pay their fair share of tax // min 30 - honest system // psychology of welfare, the right way // min 55 investing in people, personal advisor // tax credit for on the job training/on-boarding of long-term unemployed, dual system (education & job), apprenticeships paying living wage // corporates get subsidies, why does an employee can't get that - helping to compete in this labour market // &! Welfare: When does the State say no? | 18.06.2013 - youtu.be/aBo-1WVu2YE // // &! [Labour] Alan Milburn: Education’s role in promoting social mobility - youtu.be/-sTuE2X99G4 - https://www.gov.uk/government/people/alan-milburn
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may 2015 by asterisk2a
Macroeconomics Causes of Inequality - YouTube
"consumption drives much of the economy" // free up disposable income >> free child care, health care, limit exploitation of financial illiterate people (% interest on pay day loans, overdraft charges, dispo), public services, social services, pension contribution by state (preventing poverty at old age), tax credits for low income and children and carers, free education and vocational education/continual education - enabling to move up the ladder, // min11 - secular stagnation post GFC compared to previous recessions in terms of real household demand (balance sheet recession, debt overhang, deleveraging (debt repayment), and lack of new issuance of consumer credit I guess, too + rising income equality! lower redistribution from top to bottom (fair taxation) reduces recycling of income (freed up by policy items above) into demand. // min 18 - top 5% society (luxury, vanity, status) takes over bottom 80% society in aggregate terms of consumption. Economy driven by WHOM?! Affluent!
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may 2015 by asterisk2a
BBC News - Living Wage 'key' for tackling health inequalities
Changes to tax and benefit systems have more impact on health inequalities than changes to healthcare, new study found. Researchers said the introduction of a Living Wage and benefit increases made more difference than schemes to help lose weight or stop smoking. The study was carried out by the Scottish Public Health Observatory. It also concluded an increase in active travel - such as cycling to work - had a "minimally positive effect" on population health. Taxation on tobacco had a positive impact on health but made little difference to health inequalities, the study suggested. The gap between the health of the most and least affluent sections of Scottish society has widened since the 1970s, and is larger in Scotland than most of the rest of Europe. The Scot PHO report, called Informing investment to reduce health inequalities in Scotland, studied the impact of 11 policies over a 20-year period.
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december 2014 by asterisk2a
ZDF Frontal21: Mies bezahlt - Weniger trotz Mindestlohn - YouTube
Sie hat den flächendeckenden Mindestlohn von 8,50 Euro durchgesetzt. Jetzt muss Andrea Nahles (SPD) zusehen, wie sich Arbeitgeber von ihren Beschäftigten die Mehrkosten der Lohnerhöhung zurückholen.
mindestlohn  minimum  wage  profit  maximisation  Precariat  precarious  work  Services  Industry  service  economy  service  Wall  Street  social  cohesion  working  poor  underemployed  contractor  Zeitarbeit  capitalism  CSR  short-term  thinking  short-term  view  shareholder  shareholder  value  subsidies  subsidizing  hartz-iv  Germany  Lobbying  lobbyist  lobby  workers  union  Soziale  Marktwirtschaft  Public  Policy  error  folly  Career  Politicians  No  Representation  fairness  living  wage  Gerechtigkeit  Politics  compromise  Gini  coefficient  income  inequality  income  redistribution  disposable  income 
october 2014 by asterisk2a
Google to Make Security Guards Employees, Rather Than Contractors - Digits - WSJ
In a move that could reverberate around Silicon Valley, Google plans to hire more than 200 security guards as its own employees, rather than through an outside contractor. The guards will be eligible for the same benefits as other Googlers, including health insurance, retirement benefits, on-site medical services, leave for new parents and more. The move comes amid rising concerns about income disparities in the San Francisco Bay Area. A think tank with ties to organized labor issued a report in August highlighting the differences in pay, benefits and working conditions between tech-company employees and service workers such as security guards, janitors and landscapers who primarily work for outside contractors. [...] The August think tank report found that the median hourly wage is $14 an hour for security guards in Santa Clara County – home to Google and scores of other tech companies. By contrast, the median wage for software developers is roughly $63 an hour.
CSR  living  wage  Google  Larry  Page  working  poor  underemployed  Gini  coefficient  inequality  San  Francisco  Silicon  Valley  squeezed  middle  class  structural  unemployment  USA  income  mobility  downward  mobility  social  mobility  income  growth  tax  free  income  income  inequality  income  distribution  income  redistribution  6-hour  work  day  4-day  work  week  Future  of  productivity  social  cohesion  Mobile  Creative  Mobile  Creatives  education  policy  Public  labour  economics  labour  market  Robotics  automation  Why  Software  Is  Eating  the  World  Software  Is  Eating  World  self-employment  contractor  exploitation  Universal  Basic  Grundeinkommen  Super  Rich  1%  tax  evasion  tax  avoidance  crony  capitalism  Wall  Street  profit  maximisation 
october 2014 by asterisk2a
Nick Hanauer: Beware, fellow plutocrats, the pitchforks are coming - YouTube
- history has it that the thriving middle class made USA. period. // --- and the future of work - needs investment! as capitalism, a flat world and software eats the world - eats up jobs (robots, automation, off shoring, outsourcing, outside advisory and contractors only (for everything that is not key) etc). >> thus education has got to change to be for the 21st century || + Eric Liu: Why ordinary people need to understand power --- http://youtu.be/Cd0JH1AreDw #civic #PowerPlay #AbuseofPower #illiteracyaboutpower #willfulignorance >> #participation #calltoaction #sharewhatyoudo +!+!+ http://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014.html +!+!+ http://billmoyers.com/2014/09/11/a-wealthy-capitalist-on-why-money-doesnt-trickle-down/
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august 2014 by asterisk2a
Steve Jurvetson never sells a share of a company he invests in - YouTube
59m7s >> what if we erase the digital divide ... transforming the pyramid into a conical spike because of winner takes all network effects. .... >> ~30hr work week - Robert Skidelsky, ... contribution to the collective worth society, unpaid. - unconditional living wage/income ... a basic income redistribution. fairness. people that work in low to non-profit companies because of added value to society ... paid by excess profits of X ... we are all in the same boat. we are all interconnected. dependent on each other. +++ http://youtu.be/pDVDWNguPs4?t=1h5m20s // doing more with fewer staff. & practical skills you need in today's workplace, u don't learn at university. Elon Musk, the most important men 4 the future. bc he's swinging big, willing to fail with his ambition(s). attracts similar minds. [down the line come's Bill Gates 2.0, Larry & Sergey, & others that work on sustainability of food and energy.] ADD Larry Page on that topic - http://on.recode.net/1qZC7oZ // vid id Wdnp_7atZ0M
peak  employment  unemployment  structural  unemployment  long-term  unemployment  employment  Mobile  Creative  Mobile  Creatives  knowledge  worker  White-collar  Blue-collar  Year  of  Code  digital  divide  productivity  output  gap  flat  world  globalization  globalisation  competitive  advantage  competitiveness  competitive  Competition  social  mobility  income  mobility  Gini  coefficient  Super  Rich  capitalism  USA  offshoring  outsourcing  1%  network  effects  global  competitive  landscape  workforce  Robert  Skidelsky  academia  academics  economic  history  history  tax  free  income  income  redistribution  income  distribution  fairness  unintended  consequences  complexity  unknown  unknowns  underemployed  economics  of  abundance  social  safety  net  happiness  index  GDP  Chamath  Palihapitiya  society  market  society  social  society  civic  society  civil  society  Industrial  Revolution  pluralistic  society  western  society  efficiency  marketplace  efficiencies  skill-biased  technological  change  capital  skills  practical  skill  set  practical  skills  skills  skill  education  policy  formal  education  education  perfect  storm  Indignados  Indignants  occupywallstreet  Elon  Musk  disrupting  markets  disruption  sustainability  sustainable  workless  hybrid  work  working  class  working  poor  working  squeezed  middle  class  Larry  Page  Sergey  B 
july 2014 by asterisk2a
Thomas Piketty’s numbers aren’t wrong: The Financial Times’ big whiff misstates his central argument - Salon.com
Thomas Piketty’s numbers aren’t wrong: The Financial Times’ big whiff misstates his central argument Paul Krugman and others shoot down an overblown "Capital" critique which misrepresents his data, findings and point || ++ Here, we review the claims and counterclaims and conclusions one can draw about L’Affaire Piketty. >> http://www.nytimes.com/2014/05/31/upshot/everything-you-need-to-know-about-thomas-piketty-vs-the-financial-times.html || + http://www.theguardian.com/business/video/2014/may/02/thomas-piketty-capital-rock-star-economist-video || +++ Thomas Piketty accuses Financial Times of dishonest criticism Author of bestselling economics book says paper is ridiculous to suggest his thesis on rising inequality is incorrect >> http://www.theguardian.com/business/2014/may/26/thomas-piketty-financial-times-dishonest-criticism-economics-book-inequality
Thomas  Piketty  Paul  Krugman  FT  The  Financial  Times  income  inequality  inequality  social  mobility  income  mobility  Super  Rich  1%  occupywallstreet  disposable  income  income  growth  income  redistribution  income  distribution  tax  free  income  working  poor  squeezed  middle  class  tax  code  tax  credit  tax  evasion  tax  avoidance  book  economic  history 
june 2014 by asterisk2a
Thomas Piketty's 'Capital' in 3 minutes - Newsnight - YouTube
who owns the economies assets, the ~1% individuals and international conglomerate corporations, - when return on these assets /y is greater than economic growth - inequality rises. it is all that happend even during the recovery after the GFC - 1% got richer, conglomerates and corporations got richer/sat on their cashpiles. while ie in USA Food Stamp handouts rose month over month _+++ http://www.democracyjournal.org/32/the-inequality-puzzle.php?page=all ""Piketty’s treatment of inequality is perfectly matched to its moment. [...] the share of income and wealth going to those at the very top—the top 1 percent, .1 percent, and .01 percent of the population—has risen sharply over the last generation, marking a return to a pattern that prevailed before World War I. There can now be no doubt that the phenomenon of inequality is not dominantly about the inadequacy of the skills of lagging workers."" --- +++ http://en.wikipedia.org/wiki/Gilded_Age
Thomas  Piketty  1%  Super  Rich  economic  history  microeconomics  macroeconomics  social  mobility  income  mobility  gilded  age  book  disposable  income  income  inequality  income  growth  income  redistribution  income  distribution  Gini  coefficient  middle  class  working  class  working  poor  squeezed  middle  class  tax  code  tax  credit  tax  evasion  tax  avoidance  history  capital  Venture  Mobile  Creative  Mobile  Creatives  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  fiscal  policy  monetary  policy  Makers  Career  Politicians  Politics  academia  academic  academics 
may 2014 by asterisk2a
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