Why American workers standard of living has fallen?
Contrary to the belief that Americans are paid well, the standard of American workers has fallen tremendously in the last decade. About 67.1 per cent of wage earners in 2012 earned an average wage less than or equal to $42,498.21. According to the Social Security Administration, 50 per cent of wage earners make less than or equal to $27,519.10 annually. The reasons for the decline in the standard of...
Why the Keystone Pipeline is bad for the environment?
Once operational, the 875-mile Keystone Pipeline expected to carry 830,000 barrels of crude oil every day from Canada’s Alberta Tar Sand reserves to refineries near Houston, will impact the environment badly. The changes will lead to: Warmer winter temperature. Short time of cool season. Longer period of frost season. An increase in soil contraction and expansion. Warm and longer summers which...
How huge tax cuts for big corporations led us to recession
According to a report filed by Citizens of Justice, big cuts in corporate tax and tax loopholes, resulted in a $90 billion annual loss for the U.S. Treasury that led to the recession in 2008. Providing large tax subsidies to big companies and businesses is a bad economic policy. This artificially boosted the rate of returns for tax favored industries and companies and reduced the rate of returns for...
Corporations and environmental issues
As the world is progressing to become more globalize, some forget the social and environmental responsibility in the process, thus resulting in complex and volatile situation. We have witnessed many such organizations whose main motive is now earning more and more profits, and damaging results are uncountable. Some of the side-effects are- violation of human rights, child labor, mental frustration...
Should the government raise the federal minimum wage?
To answer this, we need to first go through some facts and figures before jumping to solution. Recently US President, Barack Obama announced to increase the minimum wage to $10.10 per hour for workers–in three steps- in 2014, in 2015, and 2016.. This news definitely is a overwhelming for some, but there are others who thinks that increasing a wage could directly impact and results into reduce...
Fight back the corporate power on election years
How to fight back corporate power during election? From wealthy oil barons to dot com billionaires, corporate giants have a great political role to play. Referred to as lobbyists, they influence government policies and in fact, take active part in creating policies. Whether it is from the government or opposition, they don’t face any resistance. But how is that we can fight back corporate power...
Why “Citizens United” ruling was wrong?
In 2010, Citizens United v FEC, the U.S. Supreme Court in its ruling gave corporations the right to freedom of speech and to spend unlimited money for political campaigns. This decision has put democracy in danger. Further reasons as to why it has made the situation even worse are: According to the decision, some groups have to reveal their financers, but Federal Election Commission’s rules do...
Can 99ers change the outcome of 2014 midterm election?
99ers is a term used to describe the unemployed Americans, a cross section of the American society which includes young and old, race, color, creed, Democrats and Republicans equipped with all kinds of educational and skills. The term has been extended to those who have exhausted their unemployment benefits. The employment benefits can vary from state to state. In fact, the unemployment rate is a...
How corporate money will change US politics
Corporations, industries, labor unions, organizations spend billions of dollars every year in order to reach decision-makers and influence their thought process. Here are a few ways in which corporate money can change politics. Corporations contributing towards political campaigns can corrode democracy, especially when big companies use their money to influence elected politicians for their own interest....
How Some Big Corporations Don’t Pay Taxes?
According to a five year study by a tax activist group, it was found that many U.S. corporations paid very little or no federal income tax, between 2008 to 2012. Citizens of Justice glanced at some profitable Fortune 500 companies and found that 26 companies like Apple, Boeing, Verizon, General Electric, etc. paid no federal income tax in those five years and some even cut jobs. This was because of...
Corporations will do everything to get rid of Unions
Unions have been playing a vital role since the 19th and 20th century America when workers did not enjoy any rights and did not get a work friendly environment, salary etc. But today, there are many laws to protect the rights of employees. When it comes to unions, corporations want to get rid of them because they cost a lot of money to a company. Not just directly, but indirectly as well. Slower work...
Why ObamaCare can be a plus for Democrats in 2014 election?
Health insurance can be an expensive affair and ObamaCare can prove to be an added advantage for Democrats in 2014. Also known as The Patient Protection and Affordable Care Act, the aim of this law, which was signed on March 23, 2010, is to provide easy access to reasonably priced health insurance, improve quality, and regulate health insurance industry and lower health care expenses. The reforms which...