Archive
Dutch Historian Has News for Davos: Higher Marginal Taxes Do NOT Hurt the Economy
The plutocrats gathered at Davos heard some unsettling news from Rutger Bregman: Philanthropy is no substitute for taxes.. and there is a country where high marginal tax rates DID result in economic growth: the United States during the Eisenhower administration.
The Davos crowd also heard from Winnie Byanyima, Executive Director of Oxfam International on the flaws of employment data… namely that fact that employment data fails to take into account the DIGNITY of the jobs counted.
While I am glad the plutocrats heard this news, it is unfortunate that more Americans did not hear this information.
Koch Brothers Plan to Disrupt Public Education, the “Lowest Hanging Fruit”
The Koch brothers are the most disreputable of all the “reformers”, blatantly seeking profit at the expense of those who were unfortunate enough to be born into families where there wasn’t a billion dollars per year in trust funds…
Meanwhile… in the USDOE, Ms. DeVos is contemplating undoing the supplement vs. supplant language… From where I sit this is related to the Koch takeover: it reinforces the notion that efforts to provide equity is “government overreach” and the regulations that accompany federal dollars are onerous and interfere with innovation… just merge those dollars into local budgets, lower taxes, and use more technology that can be managed by low-wage paraprofessionals… and bingo: the low hanging fruit is picked!
via Koch Brothers Plan to Disrupt Public Education, the “Lowest Hanging Fruit”
Boston Valedictorians Struggling Economically… Their Suburban Counterparts? Not So Much
A recent story on research conducted by Boston Globe reporter Malcolm Gay reported on the current earnings of valedictorians from Boston area schools who graduated in 2005-2007. The headline of the article read:
How can it be true? Many valedictorians of Boston public schools struggle to make a middle class income
How can it be true? Evidently both the headline writer and Mr. Gay have been asleep for the past decade— or make that past several decades— as the difference between funding for suburban and urban schools has widened, the income disparities of parents in suburban and urban schools has widened, and the racism that exists has persisted. Being valedictorian in an underfunded school does not prepare you for the current economy any more that being the best athlete in a small school prepares you to play in the major leagues. But here’s what’s sad: the student who’s an exceptional athlete has a better chance of making the big leagues than the exceptional scholar because scouts are looking everywhere for “diamonds in the rough” who might become extraordinary players… but colleges and businesses do not want to invest their time and money in potential “stars”. Instead, they rely on private schools and affluent suburban schools to feed them the talent they need… and the current system doesn’t limit their pool. And here is what is particularly maddening: despite their protests about the lack of qualified applicants the private sector is not increasing their compensation for entry positions— the classical response to sagging applicants— nor is it making an effort to cultivate the untapped talent that lies in underfunded schools by paying higher taxes or actively engaging in talent searches.