Jeff Posey's Blog, page 4
January 23, 2015
Boeing Corporate Welfare
The graphic says it all for 2014 and years leading up to it (for calculation purposes). By the ranking of GoodJobsFirst.org (opens a PDF), Boeing corporate welfare ranks #1 out of the top 100 corporate welfare-receiving corporations in the US. … Continue reading →
January 14, 2015
What If the US Tax Code Had to Fit on One Page?
What if the US tax code had to fit on one 8.5 x 11-inch page (in twelve-point type)? First, how long is the current tax code? As usual with all things “federal government,” the answer is not that straightforward. But, … Continue reading →
January 1, 2015
Humboldt Peak, Colorado: A Fourteener Challenge
I see you, Humboldt Peak. I known you’re watching me just like I’m watching you. Six months ago, I accepted a challenge from my buddy Jason A. Myers to bag our first fourteener–a 14,000-plus-foot mountain–the summer of 2015. On this … Continue reading →
December 12, 2014
The Six Wal-Mart Heairs Own Equivalent of Poorest 30% of All US Wealth
“The six heirs to Wal-Mart command wealth equivalent to the entire bottom 30 percent of US society.” That’s all the US wealth owned by the poorest third of US citizens! Full Citation from Joseph Stiglitz in The Price of Inequality: … Continue reading →
The Six Wal-Mart Heairs Own 30% of All US Wealth
“The six heirs to Wal-Mart command wealth equivalent to the entire bottom 30 percent of US society.” That’s one-third of all US Wealth! Full Citation from Joseph Stiglitz in The Price of Inequality: These broad-spectrum numbers, while alarming, can fail … Continue reading →
December 10, 2014
The Sole Use of Money
“The sole use of money is to circulate consumable goods” Full Citation from Adam Smith in An Inquiry into the Nature and Causes of the Wealth of Nations: The same quantity of money, besides, can not long remain in any country … Continue reading →
December 1, 2014
Constitutional Rights: Corporations Have None That Are Inalienable
Corporations Have No Inalienable Rights Full Citation from Joseph Stiglitz in The Price of Inequality: The 2010 decision in the case of Citizens United v. Federal Election Commission, in which the Supreme Court essentially approved unbridled corporate campaign spending, represented … Continue reading →
November 21, 2014
Average Tuition Doubled Between 1981 and 2006
“Between 1981 and 2006 average tuition and fees at public and private universities, even factoring in inflation, more than doubled.” Full Quote from Timothy Noah in The Great Divergence Price controls are a clumsy policy instrument with a checkered history. … Continue reading →
November 17, 2014
Stock Ownership: Top 10% Own 81%
“Eighty-one percent of all stocks are owned by the top 10 percent; 69 percent by the top 5 percent; and 38 percent by the top 1 percent.” Full Quote from Timothy Noah in The Great Divergence But wait, you might … Continue reading →
November 13, 2014
Worker Productivity Has Grown Six Times Faster Than Wages
Worker productivity has been growing six times faster than wages Full Citation from Joseph Stiglitz in The Price of Inequality: A high level of joblessness doesn’t just affect those who lose their jobs or have their working hours cut: it … Continue reading →
