America’s Unequal Economic Recovery


Ogee Oglethorpe

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Anyways, here’s a tax deal that I’ll gladly cut with Democrats. Any corporation that makes over $10 billion per year in revenue needs to pay an additional 5% marginal tax rate, and those extra tax revenues are used directly to pay down the national debt. Deal?
Why not just $1B? I mean, I'm guessing your number was relatively arbitrary but might as well go with just $1B.

Not going to happen. The politicians are bought and paid for by these same corporations; same wash, rinse, repeat. Get the weak-minded simpleton morons like Broke all ginned up about "the rich!!!" "the millionaires!!" "the corporations!!" and they'll keep targeting the small business owners and people who are just plain clueless like Broke and Howie will stand back and cheer.

They just don't understand what's really going on...
 

John Galt

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Why not just $1B? I mean, I'm guessing your number was relatively arbitrary but might as well go with just $1B.

Not going to happen. The politicians are bought and paid for by these same corporations; same wash, rinse, repeat. Get the weak-minded simpleton morons like Broke all ginned up about "the rich!!!" "the millionaires!!" "the corporations!!" and they'll keep targeting the small business owners and people who are just plain clueless like Broke and Howie will stand back and cheer.

They just don't understand what's really going on...
I'd gladly go with $1 billion. This would help to "level the playing field" between large corporations and small businesses. But the left would never go for it, because that's not really their objective. It's about control. It's easy to control 3M, Medtronic and Pfizer. Controlling small businesses is much harder.
 

Ogee Oglethorpe

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I'd gladly go with $1 billion. This would help to "level the playing field" between large corporations and small businesses. But the left would never go for it, because that's not really their objective. It's about control. It's easy to control 3M, Medtronic and Pfizer. Controlling small businesses is much harder.
Well that just doesn't make sense? We're told every day here that the left is anti-corporation, against those rich bastards and evil mega entities.
 



Spaulding!No!

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Whitey took the 100 billion in fraud from the gov. They bought trucks, bigger houses and Disney trips. Go go lawn mowing white guy!
 

Wally

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Republicans wet dream is the new reality. It's not how hard you work or how smart you are, it's who your parents are. Don't tax this, we don't want a meritocracy. Sick...

How the middle class became downwardly mobile

When asset prices outstrip wages in developed economies, the result is an “inheritance society”. The economist Thomas Piketty points out in Capital in the Twenty-First Century that what we’re seeing is a reversion to the historical norm: in most epochs, the vast bulk of wealth comes from inheritance, not work. Piketty says the exception was the postwar era: once the Great Depression and the second world war had decimated family wealth, there was little left to inherit.

But there is now. In Britain, the ratio of housing wealth to GDP is higher than Japan’s before its 1991 crash. “On average, inheritances will be worth 9 per cent of household lifetime (non-inheritance) income for those born in the 1960s, rising to 16 per cent for those born in the 1980s,” projected the UK’s Institute for Fiscal Studies last week. Some $68tn in wealth is estimated to change hands in America alone by 2042, in large part as baby boomers die, according to Cerulli, a research firm. That’s surely the biggest collective wealth transfer in history.

 

Wally

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The right supports generational wealth above all else. No you shouldn't make everyone equal, but no one deserves exorbitant handouts such that their success is not dependant on their own merit.

Today's right disagrees, sad.
 

Ogee Oglethorpe

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The right supports generational wealth above all else. No you shouldn't make everyone equal, but no one deserves exorbitant handouts such that their success is not dependant on their own merit.

Today's right disagrees, sad.
You'll forgive us all if your life experience, and therefore your credibility, in areas such as this is essentially zero, right?
 




Go4Broke

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US truckers burdened by long hours & low pay - Trucking Co's complain they can’t hire drivers but workers say they’re underpaid & treated ‘like trash’

Tim Clemons has driven nearly 3million miles around the US in his 30 years as a truck driver. “This used to be a great job,” said Clemons. “I provide a valuable service to this country. It would be nice if we weren’t looked down upon like trash.”

While the industry says there is a national shortage of drivers and complains regulation is holding back hiring, Florida-based Clemons has another theory:
working conditions have deteriorated since he started driving, he said. It’s more difficult to find parking and access to bathrooms. Dispatchers and brokers are pushing harder to deliver loads in a certain amount of time or else drivers face fines or deductions. Drivers earn less.

Most facilities Clemons drives to do not provide bathrooms for truck drivers, and many truck stops are backed up with wait times to refuel and use the bathroom. “If you haven’t found a place to park by 2 or 3pm in a truck stop, you’re looking for any place to park, yet we’re fined and towed for just trying to be safe,” Clemons said. “When you have a 300-mile run and six to seven hours to be there, you don’t have time to waste, so either you’re late or you’re on time and refused use of the facilities. As nasty as it may sound, most of us experienced drivers carry garbage bags and a five-gallon bucket, or a potty chair with plastic grocery bags.”

All these factors may explain why annual turnover at big trucking employers averaged 94% between 1995 and 2017. And that’s before Covid upended the supply chain and increased demand for drivers, and the pressures they face. According to the American Trucking Associations, the lobbying organization for large trucking employers, the US has a shortage of 80,000 truck drivers that is disrupting the nation’s supply chains, and the shortages are projected to worsen over the next few years.

The Bureau of Labor Statistics published an article in March 2019 discussing the widespread and constant claims of labor shortages in the trucking industry, but found that if wages rise in the industry, any long-term labor shortages would be improved. While more Americans are working as truck drivers, wages have drastically declined since the passage of the Motor Carrier Act of 1980, which deregulated the US trucking industry. When adjusted for inflation, median wages for truck drivers in 1980 were about $110,000 annually. In 2020, median annual wages for truck drivers were $47,130.

Nearly 40% of US truck drivers were covered by union contracts in 1983, which dropped to 10.1% in 2020. Many trucking companies also misclassify drivers as independent contractors, shifting overhead costs on to workers and burdening them with massive amounts of debt for their vehicles, gas and fees.

Most truck drivers work 60 to 70 hours a week without overtime pay, as many of the hours are unpaid wait times, from waiting to load and unload, to department of transportation inspections, or having to clean out trailers before picking up a new load. “There are too many drivers out here who are homeless and they stay on the road because they have no place to live. And many drivers actually qualify for federal food-stamp assistance. We want to end the sharecropping outright, and take back the power drivers once had when we were organized many decades ago.”

 
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Spoofin

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I always love to discuss the injustice of when people choose to take a job for an agreed upon output (role, hours, etc.) in exchange for an agreed upon payment (pay, benefits, etc.) - then work the job under those agreed upon conditions, only to then complain that they are victims for only getting the agreed upon payment for the agreed upon output.
 




Ogee Oglethorpe

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The Dan Prices and the Brokes of the world rail on the billionaires and corporations and then cheer when government goes after small businesses and small business owners. Just priceless, pardon the pun.

Is it flat out shear galactic stupidity or the most dishonest con game you can ever imagine?
 

Spoofin

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The Dan Prices and the Brokes of the world rail on the billionaires and corporations and then cheer when government goes after small businesses and small business owners. Just priceless, pardon the pun.

Is it flat out shear galactic stupidity or the most dishonest con game you can ever imagine?
Dan Price is a fraud. He is all about self promotion. Just like Broke’s other favorite Twitter feed…. Marc Elias. Broke is an easy target.
 

Wally

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I always love to discuss the injustice of when people choose to take a job for an agreed upon output (role, hours, etc.) in exchange for an agreed upon payment (pay, benefits, etc.) - then work the job under those agreed upon conditions, only to then complain that they are victims for only getting the agreed upon payment for the agreed upon output.

You cry when there are no people to do the shit job. You can't make it up.
 

Wally

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The Dan Prices and the Brokes of the world rail on the billionaires and corporations and then cheer when government goes after small businesses and small business owners. Just priceless, pardon the pun.

Is it flat out shear galactic stupidity or the most dishonest con game you can ever imagine?

Do you really think the ever rising levels of inequality will end well?

Are you that stupid?
 


Go4Broke

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Do you really think the ever rising levels of inequality will end well?

Are you that stupid?

He's not stupid. Ogee just doesn't care. Just as long as he and his family are taken care of why should he worry about anyone else? Ogee is the kind of guy who wouldn't be bothered by living in a third world country with a walled compound that keeps the homeless and starving rabble from getting at him and his possessions.
 
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Wally

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He's not stupid. Ogee just doesn't care. Just as long as he and has his family taken care of why should he worry about anyone else? Ogee is the kind of guy who wouldn't be bothered by living in a third world country with walled compound that keeps the homeless and starving rabble from getting at his possessions.

Most righties think that way, they can't get beyond their immediate selfish interests.


Maybe when his house or city is burning he will care. Or when some authoritarian nut job(left or right) tales over the country. Or if his kids flame out and end up as low wage slaves.
 

Wally

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Supreme Court Justice Louis Brandeis: “We can have vast wealth in the hands of a few, or we can have democracy. But we cannot have both.”
 


Ogee Oglethorpe

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He's not stupid. Ogee just doesn't care. Just as long as he and his family are taken care of why should he worry about anyone else? Ogee is the kind of guy who wouldn't be bothered by living in a third world country with a walled compound that keeps the homeless and starving rabble from getting at him and his possessions.
You really want to go there, Broke? You really want to stack up your charity work, your charitable donations and your volunteer work against mine? Not even you are that stupid
 




Go4Broke

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Amazon, Walmart again top list of employees on Nevada Medicaid

For the second consecutive year, Amazon ranks as the company with the most employees and dependents on Medicaid in Nevada, according to a new state report. Amazon’s number of employees and dependents on Medicaid increased from 7,892 in 2019 to 14,331 in 2020, according to a report published by the Department of Health and Human Services earlier this month.

Amazon employs more than 22,000 workers in Nevada, with about 6,596 employees and 7,735 dependents on Medicaid. Since the beginning of 2020, Amazon has hired approximately 15,000 people, a spokesperson said. Although Amazon says it offers new employees and eligible family members “a range of great benefits” including health care, its number of employees on Medicaid has nearly doubled from fiscal year 2019.

Walmart was the leading employer of Nevada Medicaid recipients from 2017 through 2019. In Nevada, Walmart employs about 15,470 people and has an average wage of $16.36 an hour for full-time and part-time associates as of July 2021. Walmart’s number of employees and dependents on Medicaid increased by 26 people from last fiscal year’s report. The report includes companies with at least 50 employees and Medicaid recipients who earned at least $3,840 per quarter fiscal year 2021, which represents 40 hours of work a week at a minimum wage of $8 an hour, as reported by the Nevada Department of Employment, Training, and Rehabilitation (DETR).

According to Nevada Health Link, households with annual incomes of up to 138 percent of the federal poverty level — $16,753 per year for an individual or $34,638 per year for a family of four — may qualify for Medicaid. Eligibility for the program has broadened during the pandemic, including continuation of a federal Medicaid “maintenance of effort” protection that has preserved coverage. Out of the 106,836 employees on Medicaid included in the report, 42 percent earned at least $8,904 (the median wage of $18.55 an hour in Nevada as of May 2020) in a quarter. Last February, a record more than 810,000 Nevadans were enrolled in Medicaid or Nevada Check Up.

 

Wally

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Amazon, Walmart again top list of employees on Nevada Medicaid

For the second consecutive year, Amazon ranks as the company with the most employees and dependents on Medicaid in Nevada, according to a new state report. Amazon’s number of employees and dependents on Medicaid increased from 7,892 in 2019 to 14,331 in 2020, according to a report published by the Department of Health and Human Services earlier this month.

Amazon employs more than 22,000 workers in Nevada, with about 6,596 employees and 7,735 dependents on Medicaid. Since the beginning of 2020, Amazon has hired approximately 15,000 people, a spokesperson said. Although Amazon says it offers new employees and eligible family members “a range of great benefits” including health care, its number of employees on Medicaid has nearly doubled from fiscal year 2019.

Walmart was the leading employer of Nevada Medicaid recipients from 2017 through 2019. In Nevada, Walmart employs about 15,470 people and has an average wage of $16.36 an hour for full-time and part-time associates as of July 2021. Walmart’s number of employees and dependents on Medicaid increased by 26 people from last fiscal year’s report. The report includes companies with at least 50 employees and Medicaid recipients who earned at least $3,840 per quarter fiscal year 2021, which represents 40 hours of work a week at a minimum wage of $8 an hour, as reported by the Nevada Department of Employment, Training, and Rehabilitation (DETR).

According to Nevada Health Link, households with annual incomes of up to 138 percent of the federal poverty level — $16,753 per year for an individual or $34,638 per year for a family of four — may qualify for Medicaid. Eligibility for the program has broadened during the pandemic, including continuation of a federal Medicaid “maintenance of effort” protection that has preserved coverage. Out of the 106,836 employees on Medicaid included in the report, 42 percent earned at least $8,904 (the median wage of $18.55 an hour in Nevada as of May 2020) in a quarter. Last February, a record more than 810,000 Nevadans were enrolled in Medicaid or Nevada Check Up.


Righties bitch about Dems in collusion with big business but they don't want to tax big business. I have to wonder if they have a brain?
 

Go4Broke

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