Atlanta is a notoriously car-dependent city. But less than a year from now, downtown drivers in Georgia’s capital will have a new rival for the road: the Atlanta Streetcar. Blogger Jacob Anbinder writes about the inherent issues with cities spending more on less efficient streetcars than mass transit.READ MORE
Contrary to popular belief, the issue with the labor force participation rate (LFPR) is not the dramatic disappearance of 720,000 workers from the labor force in October. Blogger Michael Cassidy's second article of a two-part series talks about the consequences of a shrinking labor force.READ MORE
December 5, 2013 POST BY: Jessi Stafford TOPICS: Workers & Economic Inequality
If you’ve been following the latest jobs numbers, you probably noticed two things: (1) The U.S. continues to add private sector jobs at a healthy pace. (2) Unemployment is gradually edging downwards. Both are positive signs for our still sluggish recovery. But there are other factors to worry about: a shrinking labor force.Continue Reading
"Tax specialists say the industry has done an especially good job at capitalizing on the confusing aspects of tax law to sow seeds of doubt about the benefit, which allows much of their income to be taxed at the lower, capital gains rate rather than the higher income tax rate.
'There really is no argument for carried interest to receive capital gains treatment,' said Edward D. Kleinbard, a former chief of staff at the Joint Committee on Taxation and now a law professor at the University of Southern California. 'They’re just designed to confuse and bamboozle.'”
Read the full article here.
Just in time for Thanksgiving, fellow Amy Dean writes a piece for Al Jazeera America calling on "foodies" to be more proactive for workers' rights. Labor rights activists are asking those already paying special attention to the ingredients of their food to consider how the workers preparing it are treated.READ MORE
Advocates worry so-called "social welfare" groups can raise as much money as they want without the same standard of disclosure SuperPACs or campaign committees are held to, funnelling some of that money into elections. Now, we have clear examples of the secrecy 501(c)(4) groups can take advantage of, due to the release of two tax forms earlier this month, writes blogger Zachary Bernstein.READ MORE
In recent decades, and especially since 2000, the richest Americans have enjoyed soaring income and wealth while the rest of the population's living standards have stagnated. The Century Foundation was one of the first institutions to raise serious concerns about these trends and propose ideas for improving economic conditions for all Americans- not just the fortunate few.
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