“Why do some British people not like Donald Trump?” Nate White, an articulate and witty writer from England wrote the following response:A few things spring to mind. Trump lacks certain qualities which the British traditionally esteem. For instance, he has no class, no charm, no coolness, no credibility, no compassion, no wit, no warmth, no wisdom, no subtlety, no sensitivity, no self-awareness, no humility, no honour and no grace – all qualities, funnily enough, with which his predecessor Mr. Obama was generously blessed. So for us, the stark contrast does rather throw Trump’s limitations into embarrassingly sharp relief.
‘I Alone Can Fix It’ book excerpt: The inside story of Trump’s defiance and inaction on Jan. 6
An excellent recounting of events of January 6, when right-wingers rioted at the Capitol.
Inside the Capitol Riot: An Exclusive Video Investigation (NY Times)
As you watch this video, recall those Republicans who have dismissed this insurrection, calling it non-violent or a visit by tourists.
Marathon Petroleum cut nearly 2,000 jobs – and reaped $2.1bn in pandemic benefits
Marathon Petroleum received more tax benefits than any other US oil company while also cutting about 9% of its workforce.
Last year, Marathon laid off 1,920 workers across the US despite taking $2.1bn in federal tax benefits meant to cushion the pandemic’s blow to the economy, according to a report from BailoutWatch.
According to SEC filings examined by BailoutWatch, Marathon came to receive roughly $1.1m in federal dollars for every job the company eliminated.
[Note: Marathon owns the gas station chain “Speedway”]Wages Have Gotten Worse
From a Bureau of Labor Statistics press release:
| 06/10/2021 |
| Real average hourly earnings for all employees decreased 0.2 percent in May, seasonally adjusted. Average hourly earnings increased 0.5 percent and CPI-U increased 0.6 percent. Real average weekly earnings decreased 0.1 percent over the month. |
Yet red states have been cutting unemployment benefits in an effort to force people to take a job–even if it’s low-paying.
Related:
These businesses found a way around the worker shortage: Raising wages to $15 an hour or more (WaPo)
Leaked: The Rich Pay Less Taxes Than Wage-Earners
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row.
Generally, the wealthy of all stripes keep their tax rates low in multiple ways. Some are simple: They avoid forms of income, like wages, that are taxed at a high rate, 37%, and instead make most of their money via capital gains and dividends from investments, most of which is taxed at 20%.
Republicans Creating Inflation Fear: Fuhgeddaboudit
Slight increases in the rate of inflation in the United States and Europe have triggered financial-market anxieties. Has US President Joe Biden’s administration risked overheating the economy with its $1.9 trillion rescue package and plans for additional spending to invest in infrastructure, job creation, and bolstering American families?
Such concerns are premature, considering the deep uncertainty we still face. We have never before experienced a pandemic-induced downturn featuring a disproportionately steep service-sector recession, unprecedented increases in inequality, and soaring savings rates.
Offshoring: U.S. Corporations Don’t Want You to Know What They Sell from Overseas
Amazon and other retailers oppose measure to require country-of-origin labeling for goods sold online.
Amazon and other retailers are opposing a bipartisan measure that would require online sellers to clearly state where their products are made, a rule proponents say could help consumers seeking U.S.-made goods.
Related:
NOT Made in America: Top 10 Ways Walmart Destroys US Manufacturing Jobs
Veterans, McDonalds, and Low Wages
This puts doubt on Republicans’ assertions that if you force people into poverty, they’ll find decent jobs:
CHARLESTON, W.Va. – McDonald’s workers in West Virginia, many of whom are military veterans, are rallying today in Charleston to demand a $15 minimum wage, after the company announced it would boost wages for 3,600 hourly workers by an average of 10% over the next few months. The average McDonald’s worker currently earns around $8 an hour.
It’s the Wages & Benefits, Stupid.
After businesses complained they can’t find enough people to keep their doors open Indiana is set to become the latest state to bring back a requirement that unemployed workers will have to actively search for jobs to get benefits.
“Unemployment has been extended again, stimulus money again – you know, if you’ve got a couple of kids you’re really getting a lot of stimulus money,” Hunter said. “It’s good for them, but it’s bad for me.”
Hunter’s assumption is a common refrain from business owners, the reality is more complicated.
Micah Pollak, a professor of economics at Indiana University Northwest, said plenty of studies have shown that unemployment benefits are not, by and large, keeping people from taking jobs. Instead it boils down to wages.
“I think it’s kind of like a cop-out for business owners to say that because it puts all the blame on the workers and then they don’t take any responsibility for what’s happening,” Pollak said. “I mean, if a couple hundred dollars a week is enough to convince a worker not to work for you, then I think you need to question what kind of work environment and pay are you offering.”