Posts Tagged ‘wall street’

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These people are the enemies of democracy.

These 2020 hopefuls are courting Wall Street. Don’t be fooled by their progressive veneer

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White Collar Crime Will Have a Field Day Under Trump

 

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The sign of things to come…
Hedge funds tell Puerto Rico: lay off teachers and close schools to pay us back

Report commissioned by 34 hedge funds says government had been ‘massively overspending on education’ despite spending only 79% of US average per pupil

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CNN: ‘Scandinavian Dream’ is true fix for America’s income inequality
  • Clamp down on Wall Street and require certain asset managers to disclose their holdings, returns and fees.
  • Enact a transaction tax to reduce short-term trading and encourage long-term investment.
  • Require companies to provide more information about their CEO’s pay relative to performance and workers’ earnings.
  • Raise taxes on capital gains and dividends.
  • Tax corporations on global income.

And to promote growth among the middle class, Stiglitz suggests that the U.S.:

  • Invest in infrastructure for long-term economic and job growth.
  • Strengthen workers’ bargaining rights.
  • Raise the minimum wage to reflect local economic conditions. (Many cities and metro areas could justify $15 an hour.)
  • Invest in young children through early education.
  • Require universal paid sick and family leave.