U.S. income gap widest on record – that’s what happens when we don’t Tax The Rich!

News stories have hit this week with titles like, “U.S. income gap widest on record.” The stories mention UC Berkeley economist Emmanuel Saez, and should point out a strong correlation he found during his research:

If you lower the income tax rates on the highest income brackets,

inequality of income is increased.

If you raise those rates, inequality is reduced.

A blog post with more information and graphs is here,

http://laurawellssolutions.com/2012/12/05/tax-the-rich-to-reduce-the-disparity/

At the end of Eisenhower’s presidency in 1960, the rate on the highest tax brackets was 91%. As we know, the rich could still get richer even with those high tax rates, just not obscenely richer. Now the titanic Dems and Reps haggle over a top rate of 35% and 39.6%. Why wouldn’t CEOs start shifting more wages to their own pockets when they get to keep most of it? It’s too much temptation. When they only kept 9% of the highest portion, greed was not encouraged.

The 0.1% use their resources to keep us thinking all taxes hurt all of us. Not true.

In addition to increasing taxes on the super-rich, we can also reduce government spending, and lower taxes on the rest of us. Which government spending should we reduce first? Let’s start with the dumbest expense: high interest paid to Wall Street banks. When we vote people into office who are not sold out to big banks and other corporations, we can create publicly-owned banks that partner with local banks and credit unions, and provide good loans to students, home owners, and community businesses. And we can fund our own projects without high interest tacked on top. See blog http://laurawellssolutions.com/category/public-banking-state-bank/

 

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Nine months, to a new birth

In nine months we have a chance for a new birth! Here’s a vision that keeps appearing to me, despite all the bad news I hear.

We will begin to crack this system, by doing the things the 1% – really the 0.01% – do not want us to do.

The simple fact is that we vastly outnumber them and if we stop buying the candidates they have already bought, we will win. Then we will have people in government who will champion – not squash – the great ideas we have, for schools, for justice, for housing, the environment, jobs, health.

Replace is the word we’ve left behind in politics, and it’s the action we need to take. We cannot influence or lobby our elected officials to make them do the fair and sensible things that we regular people want them to do. The 1% is sitting pretty, having convinced us – step by step since the Great Depression of the 1930s – that we have only three choices in elections: vote Democrat, vote Republican, or do not vote at all. Their campaign contributions control the titanic Democratic and Republican parties, and their corrupt practices make us sick of the whole system.

But on June 3, 2014, in nine months, we will have on the ballot candidates who pledge to take no corporate money, and we will have voters who declare their intention to vote in the primary, and to vote for candidates who take no corporate money. Why? Because corporate money in the campaign is the best way to distinguish between people who will be on our side after the election, and people who will toe the line of the 1%.

My fondest wish is that many young people of the occupy and student movements run for office. I feel very fortunate that I’ve been at meetings and events where I’ve seen brilliant facilitators and organizers. They seem to understand that the issues are all connected, and so are all the people. That’s my favorite part of the vision.

We do have the power.

 

CONTACT INFORMATION

Step by step, with help from other people, the elements of my campaign are are coming together.

DONATE?

Yes! If you are able, donations are gratefully accepted. They are very much needed in a practical way for everything from travel expenses to literature and communications, not to mention costly fees to Sacramento. And they are tremendously encouraging, enabling me to reach out and spread the word as much as possible. The two ways to contribute financially are:
(1) Laura Wells for Controller account with PayPal, laurawells2014@gmail.com
(2) Mail a check to surprise us when we check the P.O. Box!

Laura Wells for Controller 2014
P.O. Box 10181
Oakland, CA 94610
510-225-4005
laurawells2014@gmail.com

Ten months, and counting

[Written on August 3, 2013]

On June 3, 2014 – in exactly 10 months – we will have a chance in the California primary to vote for No Corporate Money candidates. It’s a new primary system and any voter can vote for any candidate for state and local office regardless of political party.

How many times have you heard candidates say one thing and then get into office and do something else altogether? Then they run again – and expect our votes – on the basis that at least they’re better than the candidate from the other corporate-funded Titanic Party! Why don’t they walk their talk when they get elected? It’s corporate money, simple as that. Taking corporate campaign money is the first line a candidate crosses, and after that, they have to toe the line.

The freedom candidates have when they do not take corporate money!

I attended a march and rally today in Richmond, California, an East Bay city of about 100,000 that has Chevron refineries. Richmond has run slates of candidates who pledge to take no corporate money. My favorite election in Richmond was in 2010 when Chevron, the biggest corporation in California, put a million dollars into three races, and lost, lost, and lost.

After being in Richmond today, I’m inspired all over again!

I am running for State Controller. We need to follow the money if we want to know what’s gone wrong with our schools, jobs, justice, health, and homes! Joining me will be other candidates pledging to take no corporate money.

I’m urging everyone to use all the power you have to stop corporate control of our government. Ironically the 1% knows better than anyone how powerful the 99% is. Use all the power you have, and vote for real people, who do not take corporate money!

That’s it for now. I’m trying to keep it as short as possible, and trying a new email system. I hope to send you a monthly update – maybe on the 3rd of every month – counting down to our chance to elect people into office who will champion the great solutions people are coming up with!

My best website currently is my blog at laurawellssolutions.com (there’s a little “follow” to click in the lower right corner). My Green Governor website http://www.laurawells.org will get updated one of these months! My contact information is below. If you are able to help financially, please mail your check to my P.O. Box for now, and I expect to make it possible to donate online soon.

Thank you for all you do! And good luck to all of us.

Laura Wells for Controller 2014
P.O. Box 10181
Oakland, CA 94610
510-225-4005

laurawellssolutions.com
laurawells2014@gmail.com

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