Some of their remedies involve higher taxes for the wealthy that would not disrupt productivity, public-private partnerships, productive government spending. And, yes, they have given or have pledged to give millions for public education, philanthropic foundations.
Ray Dalio – [Capitalism] doesn’t need to be destroyed, capitalism does need to present an equal opportunity, which he said he received through public education.
The wealth of the top 1 percent of the population is now more than that of the bottom 90 percent of the population combined. [G]rowing inequality and lack of investment in public education [is] “an existential risk for the U.S.”
Jamie Dimon – He outlined a list of problems plaguing the majority of Americans and said among the remedies could be higher taxes on the 1 percent.
“If that happens, the wealthy should remember that if we improve our society and our economy, then they, in effect, are among the main winners”.
Warren Buffett has repeatedly said the wealthy should be taxed more. He and Bill and Melinda Gates have asked hundreds of wealthy Americans to pledge at least 50 percent of their wealth to charity in the so-called “the Giving Pledge.” There are now 190 people signed on, including Facebook CEO Mark Zuckerberg and Netflix CEO Reed Hastings.
“The wealthy are definitely undertaxed relative to the general population”.
Bill Gates has also called for higher taxes. “[T]he government should require people in my position to pay significantly higher taxes.”
Disney heiress Abigail Disney has pointed to ballooning CEO pay as part of the problem. Along with roughly 200 other New York millionaires, she asked state lawmakers to introduce a “millionaires tax” on those making more than $5 million to help fund affordable housing, infrastructure and other initiatives.
“If your CEO salary is at the 700, 600, 500 times your median workers’ pay, there is nobody on Earth, xxx worth 500 times his median workers’ pay”.
[Read the full article from CNBC here.]
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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