The United States Postal Service is losing money at an alarming rate — an estimated $14 billion next year. As a “semi-independent federal agency,” the USPS is mandated to be “revenue-neutral”, meaning it must pay for its own operation without additional taxpayer support. Right now they’re failing their mandate, to the tune of approximately $125 [...]
Continue reading about The Postal Service and the True Cost of Delivering the Mail
Yesterday the Occupy Wall Street attempted to shut down several west coast ports, including Oakland, Portland, and Seattle. Why? Because they think it will somehow hurt Goldman Sachs, which owns a minority stake in a shipping company. I can appreciate the sentiment, because we all want to stick it to Goldman, but the logic is [...]
Although the Occupy Wall Street movement hasn’t made any official statements on taxes, I think it’s pretty safe to assume they would support higher tax levels on the rich. With the huge tax drama playing out in Congress, it seems inconceivable that the top federal income tax bracket was 50% as recently as 1980. And [...]
Income Inequality: Occupy Wall Street thinks the American middle class is disappearing. And they’re right. Pay for top executives has risen 7 times faster than that of their workers. That’s great if you’re the CEO, but most of us aren’t. In fact, after adjusting for inflation, real household incomes are down 10% over the last [...]
Continue reading about Occupy Wall Street: Income Inequality
Why Occupy Wall Street? Wall Street is symbolic of our larger economy. That’s why news tickers show the minute by minute movement of the Dow. Despite providing mechanisms for growing companies to raise money with IPOs and hire more employees, Wall Street is easy to hate. Despite giving average citizens an opportunity to earn an [...]
Continue reading about Occupy Wall Street: Corporate “Greed”
Occupy Wall Street, you have our attention. Now what? I’ve been closely following the month-old Occupy Wall Street movement. If you haven’t heard about it, a group of mad-as-hell-and-not-going-to-take-it-anymore demonstrators decided to camp out in Zuccotti Park in lower Manhattan to express their disgust with the current state of political and economic affairs in this [...]
