skip to main content
skip to newscasts

Saturday, April 27, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

Report: Top 1% Income Leaves Working Families Behind During Pandemic

play audio
Play

Thursday, January 19, 2023   

The world's richest 1% took home almost twice as much wealth as the bottom 99 % combined during the pandemic, according to a new Oxfam International report.

Morris Pearl, chair of the group Patriotic Millionaires, said current tax codes in Indiana and most other states are not cutting it anymore.

He pointed out the rich keep getting richer while people who work for a living are making daily sacrifices on essentials like food or housing, which is not good for families or for investors who want to make money.

"Because money does not trickle down, money trickles up," Pearl explained. "As people pay their bills, for their iPhone and their rent every single month, that is how rich people make money and get richer. And if people don't have enough money to do that, that's not good for any of us."

The report suggested a 5% tax on the world's multimillionaires could raise enough money to lift 2 billion people out of poverty. Indiana's tax codes are considered moderate, with a 7% sales tax, which falls hardest on low-wage earners. The state's property and income taxes are modest, with an overall tax burden of 8.42%.

While families in Indiana struggled with rising gas and grocery prices, the report found profits for 95 top energy and food corporations more than doubled in 2022, with 84% of those gains going directly into the pockets of wealthy shareholders.

Pearl contended people who earn their living by working for wages, with taxes taken right out of their paychecks, have been left behind.

"The system is rigged against them, and we have to unrig the system," Pearl asserted. "We have to change the system so they are not holding the bag for everything that the government needs to do. And we need to make the rich pay some of the taxes too."

The report showed three-quarters of the world's governments plan on making nearly $8 trillion in cuts to public-sector funding, including health care and education, over the next five years.

Pearl emphasized taxes make it possible to provide for the nation's common defense, hire firefighters and police, and build schools, hospitals and highways.

"And things like that have, for the history of this nation, been done by people putting their resources together, and doing things together that they just can't each do individually by themselves," Pearl stressed.


get more stories like this via email
more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Social Issues

play sound

The long-delayed Farm Bill could benefit Virginia farmers by renewing funding for climate-smart investments, but it's been held up for months in …

Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …


Jane Kleeb is director and founder of Bold Alliance, an umbrella organization of Bold Nebraska, which was instrumental in stopping the Keystone Pipeline. Kleeb is also one of two 2023 Climate Breakthrough Awardees. (Bold Alliance)

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

Legislation to curtail the union membership rights of about 50,000 public school educators in Lousiana has the backing of some business and national conservative groups. (wavebreak3/Adobe Stock)

Social Issues

play sound

Leaders of a teachers' union in Louisiana are voicing concerns about a package of bills they say would have the effect of dissolving labor unions in t…

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021