skip to main content
skip to newscasts

Thursday, April 25, 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
Rep. Crystal Quade, D-Springfield, the House Democratic floor leader, called Missouri politicians "extremist" on social media after they passed the most restrictive abortion ban in the country and defunded Planned Parenthood. (Fitz/Adobe Stock)

Health and Wellness

play sound

The Missouri Legislature has approved a law to stop its Medicaid program, known as MO HealthNet, from paying Planned Parenthood for medical services …


Environment

play sound

A round of public testimony wrapped up this week as part of renewed efforts by a company seeking permit approval in North Dakota for an underground pi…

Social Issues

play sound

Air travelers could face fewer obstacles in securing a refund if their flight is canceled or changed under new federal rules announced Wednesday…


The Iowa Movement for Migrant Justice calls Senate File 2340 a "ridiculous stunt," passed in an election year "to mobilize voters using fear and anti-immigrant sentiment." (Adobe Stock)

Social Issues

play sound

Advocates for immigrants are pushing back on a bill signed by Iowa Gov. Kim Reynolds in the last few days of the legislative session, modeled on a …

Environment

play sound

An environmental group is suing the U.S. Fish and Wildlife Service to protect the Arkansas mudalia snail under the Endangered Species Act. In …

Currently, more than 2.7 million Californians live within 3,200 feet of an operational oil well. (MSPhotographic/Adobe Stock)

Environment

play sound

Leaders concerned about pollution and climate change are raising awareness about a ballot measure this fall on whether the state should mandate buffer…

play sound

A coalition of climate groups seeking cleaner air at the rail yards and ports of Los Angeles and Long Beach will hold a "die-in" rally tomorrow at Los…

Health and Wellness

play sound

By Marianne Dhenin for Yes! Magazine.Broadcast version by Shanteya Hudson for Georgia News Connection reporting for the YES! Media/Public News …

 

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