Another loophole for the wealthy? Estate tax technicality may result in millions lost from education budget

Washington’s estate tax, which applies to the sons and daughters of wealthy estate owners, provides dedicatedĀ fundingĀ for public schools and public higher education in Washington state, including tuition assistance. But a recent decision by the Washington Supreme Court has opened up

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Posted in An Inclusive Economy, Educational Opportunity

Half of American households have just 1 percent of the wealth

From the “wait and let that sink in” department, a recent report from the nonpartisan Congressional Research Service shows the distribution of wealth across U.S. households has continued to become more concentrated in recent decades. From 1989 to 2010, the

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Posted in EOI

To restart the American economy, end trickle-up economics for the rich

Imagine giving an extra 5% of the nation’s total annual income to the residents of Wasilla, Alaska starting in 1980, and you’ve got a good grasp of income inequality in the U.S. today. Thanks to lower tax rates for the

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Posted in An Inclusive Economy, Check

IMF: Income inequality is bad for economic growth

From the Washington Post’s Wonkblog: As the Occupy Wall Street protests swell in size and people pay closer attention to the gap between the wealthiest Americans and everyone else, one question is why this divide even matters. One way to

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Posted in An Inclusive Economy, Column

Ayn Rand 2.0 – An Emerging American Aristocracy?

Guest post by Stan Sorscher I went to France in June and couldn’t help comparing the French revolution to our own. So let’s start with aristocracy, then we’ll get to Ayn Rand. Stick with me. In a nutshell, shortly after

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Posted in Column, EOI

Public policy choices built the middle class – and they can also destroy it

For 30 years Washington state and the U.S. as a whole have experienced a decline in the middle class. If you listen to the pundits on TV, it sounds like it was inevitable – or at least unavoidable. Nothing could

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Posted in A Fair Deal at Work, Check, Early Learning, Educational Opportunity, Health Care, Retirement Security
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