(2024-02-12). A Growing Number of Economists Are Joining the Fight to Rein In the Big Banks. truthout.org The fortunes of the five richest men in the world have "shot up by 114 percent since 2020," according to a January 2024 Oxfam report on global inequality, while "nearly five billion people have been made poorer." This most recent gross increase in wealth and income inequality builds on global trends that took hold in the early 1980s, with the decades-long increase in inequality being particularly… |
(2024-02-13). Baltimore's 'Downward Spiral' Of Poverty, Disinvestment, And Policing. popularresistance.org The crisis of mass incarceration is about more than the conduct of police officers—it's a question of public expenditures, and how pouring taxpayer money into incarceration at the expense of other, more humanizing ventures takes a toll on society at large. As public schools and public health programs across the nation grapple with a host of preventable problems arising from underinvestment, state and local governments across the nation spend over $200 billion each year on prisons, jails, and police. Now, a new report from the Justice Policy Institute, "The Right Investment 2.0", takes a detailed look at the…
(2024-02-12). Minnesota's New Child Tax Credit Could Reduce Childhood Poverty by 33 Percent. truthout.org Minnesota government officials are touting the state's new child tax credit, effective for the 2023 tax filing year, as an incredible investment that will reduce child poverty in the state by a third. Minnesota families can claim up to $1,750 per child with the new credit, which was passed by the state legislature and signed into law by Gov. Tim Walz (D) last year. The credit is tailored to help… |