Good Jobs Crisis
Robert Reich writes, "America doesn’t have a jobs crisis. It has a good jobs crisis." The federal minimum wage has not been raised since 2009. Despite the huge 2017 tax cut, wages dropped in the second quarter of 2018. Almost 80% of Americans report living from paycheck to paycheck. And the decline in middle class incomes has followed the drop in union membership. Photo credit: Peoples World / Flickr (CC BY-NC 2.0)

Forget Offshore Tax Havens. Meet Cryptocurrency Hubs (Dan)

Smaller nations and islands, like Lichtenstein and Bermuda, are looking to court the growing cryptocurrency industry. And the executive class that comes with it.

Are Stock Buybacks Starving the Economy? (Jimmy)

The author writes, “Stock buybacks are eating the world. The once-illegal practice of companies purchasing their own shares is pulling money away from employee compensation, research and development, and other corporate priorities — with potentially sweeping effects on business dynamism, income and wealth inequality, working-class economic stagnation, and the country’s growth rate.”

Trump Administration Mulls a Unilateral Tax Cut for the Rich (Reader Luke)

The author writes, “The Trump administration is considering bypassing Congress to grant a $100 billion tax cut mainly to the wealthy, a legally tenuous maneuver that would cut capital gains taxation and fulfill a long-held ambition of many investors and conservatives.”

LA Judge Says US Must Seek Consent to Give Migrant Kids Psychotropic Drugs (Jimmy)

The author writes, “A federal judge ruled Monday that the US government must seek consent before administering psychotropic drugs to immigrant children held at a Texas facility.”