Fewer than half of families have any kind of retirement plans. In Washington, that’s more than 2 million workers out of about 3.5 million. Fifty percent of workers aged 55 to 64 don’t have a retirement plan. About 3 out of 5 African-American workers don’t have a retirement plan.
It’s no surprise that higher education is getting more expensive in this country. But it might be a surprise that it doesn’t have to, if we’d fund education properly. Instead, we encourage students to make up for funding shortfalls with student loans, impeding their ability to buy a home, have children or save for their retirement.
John Burbank at the Economic Opportunity Institute provided some sage advice when contemplating the possibility of Amazon mimicking Boeing by playing us against other cities: “Don’t repeat what happened with Boeing, where we gave the company everything it wanted and billions in tax incentives to stay in Washington. What happened? They laid off Washington workers and sent the jobs to South Carolina. Corporations like Boeing and Amazon are not good citizens; they don’t care about us.”
John Burbank, executive director of the Economic Opportunity Institute, says that the 250,000-population rule was a hurdle in his group’s efforts to pass an income tax by ballot measure in Olympia (the measure did not pass). Since Olympia does not have 250,000 people, the income tax there would have essentially been collected through self-reporting.
This segregated system of private and public schools undermines the sense of common purpose and common commitment to education. People who pay more than $30,000 a year for their kid’s private school have no interest in funding public education for the masses.
Seattle and Washington State now have some of the most progressive labor laws in the country, with a higher minimum wage, a right to paid sick days, fair scheduling in Seattle, and in a couple years, paid family and medical leave for every worker in the state. Coalitions of community groups, labor unions, and working people came together with elected leaders to develop and enact these standards.
In early 2016, John Burbank, executive director of the non-profit Economic Opportunity Institute, wrote to Councilmember Mike O’Brien requesting a meeting to discuss “the idea of a privilege tax on the wealthy.”
Gene Balk has done it again. He noticed important information about our city—this time from tax data, analyzed by the Economic Opportunity Institute—and it shows that over 51 percent of Seattle residents earned less than $50,000 in 2014. This is not all. Those who earn the kind of money you need not to be rent-burdened, nearly $100,000, made up only 19 percent of tax filers.
For all Seattle’s newfound affluence, there are still a whole lot of folks living paycheck to paycheck. That’s no surprise, of course — but here’s some new data that bring this economic reality into sharp focus. The numbers come from a new analysis of IRS data by the Economic Opportunity Institute.
Seattle signed a nearly $50,000 consultant contract with income-tax proponent John Burbank of the progressive Economic Opportunity Institute for help developing and defending the measure, Mercier said. Burbank on Wednesday called that payment well-earned because the organization brought the city “legal, financial forecasting and policy expertise.”