Posts Tagged 'free extract'

What Bernie Sanders needs to read after his New Hampshire victory #FeeltheBern #NH2016

Bernie Sanders delivered a decisive US Presidential race victory in the New Hampshire primary on a wave of people opting for real change. Surely the perfect time for us to help craft the change agenda with a free extract from Sixteen for ’16: A progressive agenda for a better America by Salvatore Babones. What if we started by increasing taxes on the rich Bernie……?

Salvatore Babones

Salvatore Babones

Back in the good old days, that is to say the mid-1990s, taxpayers with annual incomes over $500,000 paid federal income taxes at an average effective rate of 30.4%. For 2012, the latest year for which data are available, the equivalent figure was 22.0%.

The much-ballyhooed January 1, 2013 tax deal that made the Bush-era tax cuts permanent for all except the very well-off will do little to reverse this trend: The deal that passed Congress only restores pre-Bush rates on the last few dollars of earned income, not on the majority of earned income, on corporate dividends, or on most investment gains.

Someone has had a very big tax cut in recent years, and the chances are that someone is not you. In the 1990s taxes on high incomes were already low by historical standards. Today, they are even lower. The super-rich are able to lower their taxes even further through a multitude of tax minimization and tax avoidance strategies.

The very tax system itself has in many ways been structured to meet the needs of the super-rich, resulting in a wide variety of situations in which people can multiply their fortunes without actually having to pay tax. In general, it is also much easier to hide income when most of your income comes from investments than when your income is reported on regular W-2 statements from your employer direct to the IRS.
Continue reading ‘What Bernie Sanders needs to read after his New Hampshire victory #FeeltheBern #NH2016’

Free extract: All our welfare – foreword by Yasmin Alibhai-Brown

Yasmin Alibhai-Brown, journalist and author, has written an impassioned foreword to Peter Beresford’s forthcoming book All our welfare and you can read the full extract of the book in full for free here!

Yasmin Alibhai-Brown

Yasmin Alibhai-Brown – Credit: Wikipedia

Ours is an age of rage, miserliness, crudity and startling ignorance. Seventy years ago, although Britons were exhausted and depleted by barbarous world wars, they were generous, idealistic, hungry for education and collectivist. That past and our present didn’t just happen. Politics, policies and national conversations make, change and manipulate public attitudes, sometimes to prepare the ground for major ideological or economic remodelling.

After the two world wars, the poor and working classes would, in time, have wearily returned to the old, unjust status quo. In 1945, before this fatalism set in, while the wounds and horrifying memories were still fresh, the Labour government tapped into and drew on the nation’s anguish and insecurities as it embarked on reconstruction and radical change. The people were primed, made ready for the welfare state. It, was, in effect, a quiet, very British, revolution. Without the pain of war, without astute politicking there would have been no gain.

Margaret Thatcher’s counter revolution aimed to incapacitate this welfare state. Men and women, she believed, had obligations only to their own families. She wanted this nation to be like the USA, ultra competitive, avaricious, selfishly Darwinist. It took longer than…Read the full extract for free here

#Allourwelfare

You can also follow Yasmin Alibhai-Brown @y_alibhai and Peter Beresford @BeresfordPeter on Twitter.

All our welfare [FC]All our welfare publishes on 29th January and is available to pre-order here  from the Policy Press website. Remember that Policy Press newsletter subscribers receive a 35% discount – if you’re not a member of our community why not sign up here today?

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