Democracy for America Should Endorse Keith Ellison to Lead DNC

Hugh J. Campbell

Hugh J. Campbell Son of a steelworker, Philadelphia, Pa.

The DNC needs Leadership that understands the causes of the “Learned Helplessness” that has resulted in ineffective Democratic voter turnout in the mid-terms, the primaries and now in the 2016 General Election.

From 1934 thru 1978 Republican losses in mid-term elections averaged 28% and 79% more than Democrats in the U.S. House and Senate, respectively. Beginning in 1982 Democratic losses averaged 152% and 140% more than Republican losses in the U.S. House and Senate, respectively.

It was in 1982 that the DNC instituted the Superdelegate Scheme and ever since Democratic and Democratic-leaning voters have failed to turnout in mid-term elections in effective numbers. The Superdelegate Scheme appears to give Democratic and Democratic-leaning voters a case of “Learned Helplessness.”

AFL-CIO’s Endorsement of Keith Ellison to Lead DNC

VOTE NOW: Who should Democracy for America endorse for DNC Chair?

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Hugh Campbell is a seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. Hugh has previously held positions as Chief Risk Officer (CRO), Chief Audit Executive (CAE) and Director of Sarbanes-Oxley (SOX) Compliance.

Posted In: Union Matters

Union Matters

America’s Wealthy: Ever Eager to Pay Their Taxes!

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Why do many of the wealthiest people in America oppose a “wealth tax,” an annual levy on grand fortune? Could their distaste reflect a simple reluctance to pay their fair tax share? Oh no, JPMorganChase CEO Jamie Dimon recently told the Business Roundtable: “I know a lot of wealthy people who would be happy to pay more in taxes; they just think it’ll be wasted and be given to interest groups and stuff like that.” Could Dimon have in mind the interest group he knows best, Wall Street? In the 2008 financial crisis, federal bailouts kept the banking industry from imploding. JPMorgan alone, notes the ProPublica Bailout Tracker, collected $25 billion worth of federal largesse, an act of generosity that’s helped Dimon lock down a $1.5-billion personal fortune. Under the Elizabeth Warren wealth tax plan, Dimon would pay an annual 3 percent tax on that much net worth. Fortunes between $1 billion and $2.5 billion would face a 5 percent annual tax under the Bernie Sanders plan.

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No Such Thing as Good Greed

No Such Thing as Good Greed