340 likes | 402 Views
Explore how big business agendas have eroded benefits, cut wages, and empowered the wealthy elite at the expense of the majority. Discover the impact of deregulation, tax cuts, and union decline on income inequality and government finances. Learn about the struggle against corporate influence in democracy and the fight for fair treatment of workers.
E N D
Working Families Under Assault for 30 Years For the last 30 years, Big Business has worked this agenda with every resource it has: Deregulation: trucking, airlines, telecom, financial services, health care, the environment, labor protections Global race to the bottom through NAFTA, GATT, Fast Track, FTAA . . . Privatize social benefits and social services Abolish negotiated benefits like pensions and health care that are critical to the standard of living of working people Cut taxes for corporations and the wealthy Break the power of unions 2
The Corporate Assault On Workers Goal: Maximize corporate profits and CEO pay Strategy: Destroy unions Reduce workers’ wages and benefits 3
Nonunion Union 92% 15 days 73% 11.75 days 68% 16% Health Insurance Vacations Guaranteed Pension Source: U.S. Department of Labor; BLS; EPI; Employee Benefit Research Institute. As Unions Decline, Benefits Decline
28% 53% 12% 46% thinkprogress.org/politics/2011/03/03/147994/unions-income-inequality
Revenues, by Source, 1970 to 2020 (Percentage of gross domestic product) WHO PAYS FOR OUR GOVERNMENT?The elite rich 1% pays less, the 99% pay more.Federal Revenue Sources from 1950 to 2008. 10% 40% 30% 10% Income over $1 million taxed at over 90% Income over $1 million taxed at less than 35 % Source: Congressional Budget Office.
Top 10% own 80% of all US stock wealth Top 10% Own 80%
Productive workers are taxed higher than gambling speculators
7.65% $50,000 0.82% $1,000,000 0.16% $5,000,000 The Social Security Tax Cap Burdens Workers Effective FICA Tax Rate Yearly Wages
Year Before the Stock Market Crash Year Before the Stock Market Crash Growth of the Middle Class FDR’s Top Tax Rate Over 90% Unions are Growing New Deal & G.I. Bill Promotes Education & Housing Reagan Cuts Top Tax Rate to 28% Fires Striking Workers Permits Media Monopolies
FAT CATS CREATED THE CRISIS LOOTED THE ECONOMY NOW WE HAVE TO SAVE IT?
Clinton had a surplus So who caused the record deficits?Who benefits from Wars, Tax cuts & the Crash? Bush’s Wars Bush’s Tax Cuts Wall St. Crash
TAX CUTS AND DEREGULATION THE ANSWER TO EVERY PROBLEM
For the Elite Top 1% there is never enough! NYC 44% NYS 35% USA 24%
In NYC the rich get nearly 1/2 of all the income but only pay 1/3 of the taxes. -11.1% +1.6% + 5.1% + 2.8% + 1.2% + 0.1% +0.2% 19
"We can have concentrated wealth in the hands of a few or we can have democracy. But we cannot have both." — Justice Louis D. Brandeis
CORPORATIONS HAVE CORRUPTED OUR DEMOCRACY AND STOLE OUR GOVERNMENT
CORPORATE MEDIA THE ECHO CHAMBER PUSHING DEREGULATION, TAX CUTS AND MAKING THE TOP 1% RICHER
And they are out to destroy unions National Union Density, 1984= 19% of workforce 0% to 9% 10% to 20% 21% to 30% 31% + Source: U.S. Department of Labor AFL-CIO 30
…and it’s working National Union Density, 2004 = 13% of workforce It’s already down to 12.1% in 2007 0% to 9% 10% to 20% 21% to 30% 31% + Source: U.S. Department of Labor AFL-CIO 31
US SUPREME COURT SAYS CORPORATE MONEY IS SPEECH MORE MONEY… MORE SPEECH
REPEATING A LIE NEVER MAKES IT THE TRUTH
UNDO THE CORPORATE COUP OF THE 1% Government By And For The People… Living Breathing Human Beings - the 99%