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CAPITALISM vs. DEMOCRATIC SOCIALISM What is democratic socialism? You’ve no doubt heard the term in the news more and more lately. Perhaps you’ve heard others use the term interchangeably with socialism and communism when compared alongside capitalism. ... In the latest Economic Update, Professor Richard Wolff provides an overview of the history of the capitalist and socialist movements in the United States which have led up to today’s rebranding of socialism. Listen to Economic Update: Capitalism v. Democratic Socialism online. http://www.democracyatwork.info/eu_capitalism_v_demsocialis

Economic inequality has been on the rise for several decades: Income has become more concentrated at the top, and the share of income going to workers as wages has declined while the share captured as profits and other forms of property income has risen. (Read On)

The Wall Street Bailout total which the actual Taxpayer dollars that have been payed out in support of the financial sector.

457 exempt from excess tax penalty

TAX REFORM 2015 Senate Committee on Finance created 5 tax reform groups 1) savings and investments 2) infrastructure 3) individuals income tax... 4) business income tax 5) international tax See more

THE DEATH OF PENSIONS (part 2) Life time pensions, like the one enjoyed by my father in law after a 40 year career as an Engineer at McDonnell Douglas, now Boeing, are a thing of the past. Except in instances of public sector jobs in police, fire and local municipalities and city agencies the pension has been replaced by the defined contribution plan i.e. 401k. As an example, United Airlines sought Chapter 11 Bankruptcy and brought in Glen Tilton, the CEO responsible for mana...ging the Texaco bankruptcy. The unions were forced to relinquish 30% of their pensions, pay more for less medical coverage and take drastic cuts in pay while increasing the hours worked in order to remain employed. The priority of Tilton and the bankruptcy lawyers was to protect management, highly compensated employees, and take away workers benefits. In this action over $100 million was in attorney fees and $5 billion in cost savings came from abandoning pensions and healthcare. The banks got back every penny in CASH. The unions agreed to this pillaging to save jobs. That would be less appalling if the CEO they brought in was not left with his $4.8 million pension, paid for by United Airlines on the backs of its workers. See more

THE DEATH OF PENSIONS (part 1) The death of pensions, the rise of the 401k and the manipulation of corporate bankruptcy laws and regulations have created the perfect no retirement zone for American workers. While the workers are forced to accept ever weaker employment packages many companies are maintaining, and in some instances padding the opulent retirement packages for the very executives responsible for the failures.

Workers willing to give up raises in exchange for secure retirement income by Paula Aven Gladych MAR 9, 2015 As corporations continue to freeze or eliminate defined benefit plans, American workers may be getting increasingly concerned about their financial security in retirement and looking for guaranteed income options. Two-thirds of Americans say they would be willing to give up salary increases in exchange for guaranteed retirement income, according to a new survey by the ...Continue reading