CEOs at Dallas Federal Reserve conference: forget about broad-based pay increases; they also plan to cut more jobs axios.com/broad-based-pa…
Companies set to pour $2.5 trillion into buybacks, dividends and mergers & acquisitions this year cnbc.com/2018/06/04/com…
Report: Medicare will be depleted within 8 years, Social Security will be insolvent in 16 years
"The Cabinet secretaries for Treasury, HHS and Labor serve as the Social Security and Medicare trustees, along with 2 independent trustees who are supposed to represent the public. The public trustees are usually more candid, but **those posts remain unfilled**"
• merging Departments of Education & Labor
• relocating many social safety net programs into a new megadepartment to make them easier to cut, replacing HHS
At the heart of the plan is an attempt to shift SNAP, which serves more than 42 million poor and working-class Americans, to the new agency from the Agriculture Dept"
2000 (last time unemployment was under 4%):
• corporations: 8.3%
• workers: 66%
• corporations: 13.2%
• workers: 62%
If workers’ share had not shrunk, they would have had an additional $532 billion, or about $3,400 each #inequality
"Over 97% of the benefits [of a tax cut on capital gains] would go to the top 10% of income earners, and nearly 2/3 would go to the top 0.1%"
Trump considering unilateral $100 billion tax cut for the wealthy