Working Life

Of course you would. That’s really what much of bad tax policy is: offering companies tax cuts that the companies really don’t need but will be happy to take anyway because it’s free. Like the research tax credit.

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It’s nice to see a really big leap forward. That would be the vote in Seattle to hike the minimum wage to $15 per hour, though phased in over 3-7 years. But, let’s be clear this only the beginning: bold, but moderate.

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I meant to share this from last week. “Young black workers with college degrees have fared better than their less-educated peers, they have a higher unemployment rate and are more likely to find themselves in a job that does not require a degree than other recent college graduates”, says the Center for Economic and Policy Research.

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It’s not “breaking news” because it’s pretty common knowledge that corporate America–or, more accurately, American-based corporations–is treated differently allowing it to rob the public, day after day. Still, worth adding to the list another absurd new tidbit in the saga of how to rip off the American public through tax dodging.

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It would be hard to really say “this guy is the worst CEO”. I mean, there is so much competition–it’s much worse than dating (so many choices, so little time)…oh, that was way 30 years ago. I digress. But, Jeff Bezos got a particular round of catcalls from a global poll.

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The corporate thieves running U.S.-based corporations are just counting the days until Carl Levin heads off to retirement at the end of this term. It was Levin, you may recall, who looked at Goldman Sachs and saw “a financial snake pit rife with greed, conflicts of interest, and wrongdoing”. And he isn’t letting go: he’s now moving to try to close a loophole that will put billions of dollars in taxable corporate profits into offshore accounts, a scam that robs the people of revenue.

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Big money. Two trillion dollars. If you could touch it, it would reach…oh, I dunno, I’m not going to tell you how high that stack would go and, actually, the point is, you can’t touch it: it’s stashed overseas. In corporate bank accounts. But, here’s the beauty: if you want to know what it feels when the Fortune 500 fleece the country to the tune of $550 billion in dodged taxes on that $2 trillion hiding in foreign bank accounts, just pull out your billfold…empty…well, that’s cuz the tab for that fleecing is on YOU.

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The president just keeps spending our money, his time and a chunk of political capital on the putrid Trans Pacific Partnership, one of the newest corporate-backed trade deal–“newest” because every trade deal since NAFTA has been all about protecting corporate interests. Nothing seems to move this president to understand that this is a horrendous deal. And, while a lot of focus has been paid to the TPP, another very bad deal is in the works between the U.S. and Europe–and it will potentially make millions of people sick. Or kill them.

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It’s not particularly surprising to learn that the John Sexton-led New York University is building its latest monument of “higher education” on the backs and sweat of abused workers. After all, Sexton and NYU led a vicious anti-union campaign to deny graduate students the right to have a union, and tried to kill the union at the end of a four-year agreement. The higher-ups at NYU are despicable, anti-union thugs–and they are happy to let people be abused half around the world, all for the glory of an academic empire.

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In a way, this is not surprise: poverty is poverty, whether you work in a McDonald’s in Paris or one in New York City. But, what is nice to see is some labor coordination across borders–something that usually is talked about a lot but rarely done effectively.

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