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Thom's blog
Taxes Are The Price We Pay For an EQUAL Society
 Thomas Piketty, the world-famous French economist, has ran the numbers on American income inequality. And, his analysis confirmed what many of us already know - low taxes on the rich have made them much richer, and have left the rest of us trying to catch up. According to new research presented at the American Economic Association, since 1980, incomes for the top one percent have grown about four times faster than the bottom 90 percent. After reviewing surveys, national accounts, and other tax data, Piketty and his colleagues found that most of that growth has been driven by capital income. Before 1990, most of the income gains - even in the top one percent - were the results of higher wages. Because taxes went up along with higher pay, income equality was relatively consistent for decades. But, when those at the top started bringing in more of their income through capital gains, the income gap started to widen. Previous studies have suggested that low taxes on capital gains income are "by far the largest contributor" to income inequality, and this latest research confirms that suggestion. For most of us, wages have been relatively stagnant over the last 40 years - increasing by less than one percent per year. Meanwhile, the top ten percent are taking in a larger share of the income than they did in the roaring 1920s, and they've convinced the working folks like us to oppose any increase in the taxes that would help level the playing field. As Piketty's research shows, our system is rigged to benefit those at the top, and it's so broken that many Americans believe they should oppose the tax policies that would bridge the great wealth divide. Rich people have every right to make their money off of capital investments, but that doesn't mean they deserve lower tax rates than the people who must work to survive. We can't close the income gap without closing the tax divide, so it's time to make those at the top pay their taxes, just like the rest of us. -Thom (What do you think? Tell us here.) |
Tonight on The Big Picture on RT TV at 7pm and 10pm... The Single Payer Showdown (check your local listings for stations or stream at RT or Free Speech TV, and catch past shows on Youtube)
 Be sure to check out our newest video: RESTORATION - narrated by Leonardo DiCaprio & Thom Hartmann, directed by Leila Conners / Visit GreenWorldRising.org to check out all the videos: CARBON, LAST HOURS & GREEN WORLD RISING - narrated by Leonardo DiCaprio & Thom Hartmann, directed by Leila Conners
Big Picture Rumble:
- Hughey P. Newsome, The Objective Citizen/Move-On-Up 
- Lee Camp, Redacted Tonight with Lee Camp on RT
- Scott Greer, The Daily Caller
The Single Payer Showdown
- Dr. Robert Zarr, Physicians For a National Health Program
- Dr. Eric Naumburg, Healthcare Now-Maryland/Physicians for a National Health Program (MD Chapter)
- Vijay Das, Public Citizen's Congress Watch |
Friday's Daily Stack 
Law: " DISCLOSE Act" (Democracy Is Strengthened by Casting Light On Spending in Elections Act).
Article: " 10th Amendment" " The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people".
Hour Three: Clips from the GOP debate - plus your calls on Anything Goes! Article: "" by . Do you have all the info you need to vote for @BernieSanders? Find it here. |
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Monday on The Thom Hartmann Program, 12-3pm ET
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Thom
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Thom's Poll
Did the latest GOP debate solidify Trump as the nominee?
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Watch & Listen to Thom
Socialist Response to SOTU
Whoa...Hillary Attacks Bernie on Single Payer
Did DuPont Knowingly Poison Our Water?
The Progressive Challenge to #WasserGate joins Thom
Rep Alan Grayson "TPP Is the Fast Track To Hell"
Ed Schultz "Time For Bernie To Get Aggressive"
Or watch the Full "Big Picture" Show...
Full Show 1/14/16: Why Are the Clintons Attacking Bernie's Single-Payer Plan?
Thom discusses the real reason why the Clintons are attacking Bernie's single-payer health care plan with Sanders campaign writer Richard Eskow and The Intercept's Zaid Jilani, a preview of Sunday's Democratic debate with new RT America host Ed Schultz, and if there's any way to stop the TPP with Representative Alan Grayson.
Author of Medicare-For-All Act Responds to Hillary's Attacks!
When Progressives Fight...We Win!
Finally! A Progressive Primary for Debbie Wasserman Schultz
Reagan Didn't Attack Republicans and Still Won!
Howard Dean Confirms he's a Healthcare Industry Lobbyist?
How the Health Insurance Industry Fights Single Payer
Howard Dean Has Sold His Soul To the Health Insurance Lobby |
Order The American Revolution of 1800 by Dan Sisson with Thom Hartmann at Amazon or Barnes & Noble now! |
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