wages

The Obama War On the Middle Class

Ripped from the headlines at MSNBC: he GOP has their whole economic theory UPSIDE DOWN and DEAD WRONG. The reason tax revenues have plummeted is NOT because America is broke. Both corporate profits and GDP are ABOVE where they were in 2007. So why is there no tax revenue coming in? Because the money isn't going to WAGES, it's being siphoned off by the investor class.(See the chart) When workers are paid wages, 100% of that money goes back into the economy. They pay both income taxes and payroll taxes (which account for 36% of U.S. tax revenue), and they...

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Stock Market Chimera In The Current Bull

an, can you spare some change? Considering the point that the market is more about emotions than true monetary policy, let's recall just a few of the most obvious factors... If the stock market was declining but you were getting nice wage increases wouldn’t you feel that the economy was better off? And the opposite is also true. The health of the stock market is a result of wages in America, not the cause of wages. The value of a company is supposed to increase over time if its profits increase over time. How do profits increase when consumers have...