Standing Up for Working People

From the AFL-CIO

When other countries lower their labor standards, it degrades protections for working people here at home. After the Mexican government introduced a bill to reverse recent worker protection reforms, the AFL-CIO filed a complaint with the U.S. government, arguing that the proposed legislation would:

  • Reverse the Mexican government’s promise to make labor boards fair and independent.
  • Hand management-controlled unions a monopoly over the workplace.
  • Obstruct working people’s democratic rights on the job, including fair union elections, transparency and representation.
  • Undermine working people’s freedom to come together in union by encouraging subcontracting and anti-union retaliation.
  • Cut compensation for victims of workplace accidents and injuries.

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Posted In: From AFL-CIO, 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