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Author Archive | Richard D. Wolff

Figure 1

Public Sector Squeeze

  A national campaign is now fully launched to make local public sector employees pick up a major share of the costs of economic crisis.  Years of rising spending and falling revenue have carved a path of destruction through federal, state, and local budgets.  Deficits and debts have mounted, eroding taxpayer support for government spending […]

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Highest-Income Households Have Seen Sharp Drops in Tax Rates

Old Distributions, New Economy

The macro march backward of domestic income and wealth distribution has become remarkable.  At least we thought so enough to pen the following remarks.  In 2006 the corporate profits share of the national economy retouched its 1929 high.  Wage and salary income broke its 8 decade low watermark.  Our new economy increasingly replicates the distributional […]

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