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Plutocracy — The ultra-rich get to play a different game altogether
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Costco is great, but altruistic business leaders won’t rebuild the middle class
Here’s a reason to renew your Costco membership: not only does the company pay its average worker $45,000 per year, it has also resisted pressure from Wall Street to cut wages and benefits since going public in 1985. That anecdote came out in a BusinessWeek interview with Costco CEO Craig Jelinek, who said that instead of bowing to […]
Rep. Adam Smith voted against the budget deal
Rep. Adam Smith voted against the budget deal, saying, it make “getting to a reasonable ten-year plan far more difficult by making permanent 90 percent of the Bush Tax Cuts. By not allowing those tax cuts to expire, and then making them permanent, we took $3.5 Trillion of revenue off the table. This will lead […]