ECONOMY

Servitude Returns: Trump Welfare Plan Will Tie Benefits to Back-Breaking Jobs

Donald Trump’s welfare overhaul will include new requirements that could force thousands of Americans to take back-breaking menial jobs to qualify for benefits. The changes go hand in hand with the rising “gig” economy which is already disenfranchising millions of young workers. The Trump administration and Republicans in Congress are already reviewing traditional safety net programs like food stamps, Medicaid and subsidized housing.... Read More...

Trump Strong-Arms Chief Executives, While Pursuing Bogus Economic Policies

Donald Trump is increasingly using strong-arm tactics to direct business decisions that should be left to corporate boards, while he chases demons. If he keeps up, he will cause economic distortions and inefficiencies that could lead to a major trade war and a recession. Trump has promoted his policy by attacking U.S. trade agreements. But that strategy is based on a false premise that goes back decades.... Read More...

Rich Got Richer While Half the Nation Saw Wealth Decline to 1 Percent, Study Says

If you’re poor in American you are not alone. Over the past 24 years, 50 percent of the nation saw their share of wealth fall to just 1 percent, while America’s richest families saw their wealth grow significantly, according to a new study. The findings confirm that a significant portion of society has been disenfranchised from the economy. The findings, contained in a study by the Savings and Retirement Foundation of Washington, D.C., and published by the Congressional Budget Office (CBO) does not bode well for the nation.... Read More...