Category Archives: Income Inequality

Bombings Kill Dozens in Pakistan on Eve of Contentious Elections

As Pakistanis prepare to head to the polls with the country’s most popular politician behind bars on dubious charges, human rights groups sounded the alarm on a wide range of election-related repression.

By Brett Wilkins. Published 2-7-2024 by Common Dreams

Screenshot: YouTube

Dozens of Pakistanis were killed Wednesday in two bombings targeting political offices on the eve of highly contentious parliamentary elections from which the country’s most popular leader—who is jailed on what critics say are politically motivated charges—is banned.

The blasts both occurred in the southwestern province of Balochistan, homeland of the nomadic Baloch people, who also inhabit a large swath of southeastern Iran and southern Afghanistan. Government officials said the first bombing, which targeted independent candidate Asfandyar Khan’s office in the Pashin district, killed 18 people. A second blast approximately 80 miles away then killed at least 12 people at the Qilla Saifullah office of the Sunni fundamentalist Jamiat Ulema Islam party, which has close ties to the Taliban in Afghanistan.

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Ohio Pastor Charged for Opening Church to Homeless People in Freezing Weather

“This is actual religious persecution of a Christian by the state,” said one journalist. “An actual violation of religious liberty.”

By Julia Conley. Published 1-19-2024 by Common Dreams

Image: Dad’s Place/Facebook

Outrage spread Friday after the story about a pastor in Ohio who was arrested and charged for opening his church to homeless people when extreme cold weather struck his town gained national attention.

Chris Avell, the pastor of an evangelical church called Dad’s Place in Bryan, Ohio, pleaded not guilty last Thursday to charges that he broke 18 restrictions in zoning code when he gave shelter to people who might otherwise have frozen to death.

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Analysis Shows How Corporate Profits Drive Inflation—Even as Business Costs Go Down

“It’s one thing for corporations to pass reasonable increased costs to consumers,” said one analyst. “It’s another for them to line their coffers by exploiting Americans who are just trying to get by.”

By Julia Conley. Published 1-18-2024 by Common Dreams

Photo: Pixabay

Inflation has eased over the last two years, and with supply chains no longer struggling to keep up with demand and companies’ business costs stabilizing, an analysis out Thursday asks: Why haven’t American households seen the benefits of a more secure economy, with the prices of consumer goods and services falling?

The answer, said economic justice think tank Groundwork Collaborative, is that high prices linked to the coronavirus pandemic were never just the result of higher labor and production costs—but were partially caused by corporations’ deliberate price gouging.

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With Overdraft Fee Crackdown, ‘CFPB Is Doing What It Was Designed to Do’

“The CFPB is proposing clear, enforceable rules that will reduce overdraft fees and save Americans billions, closing another lucrative regulatory loophole banks use to prey on consumers,” said one advocate.

By Brett Wilkins. Published 1-17-2024 by Common Dreams

Consumer Financial Protection Bureau Director Rohit Chopra testified on a semi-annual report of his agency before the House Financial Services Committee on Nov 29, 2023. Screenshot: C-SPAN

In a move cheered by progressive advocates, the U.S. Consumer Financial Protection Bureau on Wednesday proposed a new rule limiting how the nation’s biggest banks can charge overdraft fees.

The CFPB said its proposal “would close an outdated loophole that exempts overdraft lending services from long-standing provisions of the Truth in Lending Act and other consumer financial protection laws.”

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‘Don’t Just Quote Him’: US Agencies, Politicians Under Fire on MLK Day

“It’s that day of the year where people who don’t know anything about MLK, and would hate him if he were alive today, post the one or two MLK quotes they know.”

By Jessica Corbett. Published 1-15-2024 by Common Dreams

Martin Luther King, Jr., speaking against the Vietnam War, St. Paul Campus, University of Minnesota on April 27 1967 Photo: Minnesota Historical Society/CC

U.S. politicians, agencies, and departments provoked intense criticism on Monday—Martin Luther King Jr. Day in the United States—for sharing select quotes from the civil rights icon while ignoring his messages about important issues including militarism, poverty, and racism.

King—who was assassinated on April 4, 1968, in Memphis, Tennessee—would have celebrated his 95th birthday on Monday.

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Biden DOL Finalizes Independent Contractor Rule to ‘Help Protect Workers’

Praising the policy, one economist said that employer misclassification “robs workers of labor rights and threatens their economic security.”

By Jessica Corbett. Published 1-9-2024 by Common Dreams

Photo: US Department of Labor/flickr/CC

Democrats in Congress and unions were among those applauding on Tuesday as the U.S. Department of Labor announced its final rule to provide guidance on when employers can treat workers as independent contractors under the Fair Labor Standards Act.

“Misclassifying employees as independent contractors is a serious issue that deprives workers of basic rights and protections,” acting Labor Secretary Julie Su said in a statement. “This rule will help protect workers, especially those facing the greatest risk of exploitation, by making sure they are classified properly and that they receive the wages they’ve earned.”

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$8.5 Trillion in Untaxed Assets: Data Shows Why ‘We Need a Billionaire Income Tax’

“While most Americans predominantly live off the income they earn from a job—income that is taxed all year, every year—the very richest households live lavishly off capital gains that may never be taxed.”

By Jake Johnson. Published 1-4-2024 by Common Dreams

Elon Musk, CEO of SpaceX and Tesla. Photo: Daniel Oberhaus/flickr//CC

An analysis released Wednesday shows that in 2022, the wealthiest people in the United States collectively held a “staggering” $8.5 trillion in wealth that is not—and might never be—subject to taxation.

Examining recently released data Federal Reserve data for 2022, Americans for Tax Fairness (ATF) found that the roughly 64,000 U.S. households with at least $100 million in wealth—less than 0.05% of the population—controlled more than one in every six dollars of the country’s “unrealized gains,” profits that aren’t taxable until the underlying asset, such as a stock position, is sold.

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Fresh Calls for Stock Trading Ban After US Lawmakers Beat Market in 2023

“Members of Congress should not be allowed to trade stock,” said one former congressional candidate. “It’s corruption.”

By Jessica Corbett. Published 1-3-2024 by Common Dreams

Screenshot: Yahoo Finance

A financial watchdog group on Tuesday released its annual report on congressional stock trading, which shows that “Congress blew the market out of the water” in 2023, fueling fresh calls for a ban targeting U.S. lawmakers and their immediate family members.

“Members of Congress shouldn’t be allowed to trade stocks of the companies they regulate for the same reasons referees aren’t allowed to bet on the games they officiate,” Melanie D’Arrigo, a former Democratic congressional candidate who is now executive director of the Campaign for New York Health, said in response to the Unusual Whales report.

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New Massachusetts ‘Tax the Rich’ Law Raises $1.5 Billion for Free School Lunch and More

“Taxing the rich, it’s good,” said one progressive advocate in the state.

By Julia Conley. Published 1-2-2024 by Common Dreams

Photo: U.S. Department of Agriculture
/flickr/CC

A new “millionaire’s tax” in Massachusetts was expected to generate $1 billion in revenue last year to help pay for public education, infrastructure, and early childcare programs, but projections were a bit off, according to a fresh state analysis.

The state Department of Revenue estimated late last week that the Fair Share Amendment, which requires people with incomes over $1 million, to pay a 4% annual surtax, will add $1.5 billion to state coffers this fiscal year, which ends in June—surpassing expectations.

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Minimum Wage Hikes Will Boost Pay of Nearly 10 Million US Workers in 2024

“These raises are the outcome of over a decade of workers organizing with Fight for $15,” said the National Employment Law Project.

By Julia Conley. Published 12-27-2023 by Common Dreams

Workers and activists march in support of a higher minimum wage. ) (Photo: Steve Rhodes/Flickr/cc)

Tireless campaigning by economic justice advocates helped to secure minimum wage hikes for nearly 10 million U.S. workers starting in 2024, and one think tank noted on Wednesday that further successes at the state and local levels are expected in the coming year—but experts said the federal government must catch up with state legislators to deliver fair wages to all workers.

January 1 will see 22 states increase their minimum wages, providing affected workers with an additional $6.95 billion.

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