Labor

Liberal politicians in Washington D.C. often complain about the federal tax code being too regressive and thus placing too large a burden on low-income families while allowing "millionaire, billionaire, private jet owners" to get a free pass (one must to be willing to ignore actual statistics to reach this conclusion but lets just take the word of Bernie Sanders at face value for the moment). 

As Illinois muni debt continues to hover around all-time highs, the number of watchdog groups offering warnings about Chicago's deteriorating finances continues to grow.  The latest such warning comes from Truth In Accounting which provided the Windy City an 'F' on their latest fiscal report card citing a staggering debt burden that amounts to $41,700 per Chicago resident. To put that figure in perspective, the median household income in Chicago is roughly $48,500. 

Via The Daily Bell

Employment Ain’t What It Used to Be

The 9-5 is on it’s way out.

You can’t ignore the facts. That traditional model of employment so many Americans sought in the past, is giving way to something new. Fueling that change: dissatisfaction, loss of opportunities, and stagnation. Each forces people and the economy to adapt.

The expectations people have for a job have changed as well.

Authored by Jim Quinn via The Burning Platform blog,

I know some people don’t like charts, but I think they tell stories. The two charts below tell a story the mainstream media, Trump, Wall Street, and the Deep State don’t want revealed.

The first chart shows the year over year percentage change in personal income taxes collected by the Federal government and the second chart shows the year over year percentage change in corporate income taxes collected by the Federal government.

Nary a day goes by that President Trump and/or the talking heads on CNBC fail to mention the following unemployment chart as evidence that "everything is awesome" with the U.S. economy...

...which might be true unless you're among the 95 million-ish Americans who have been looking for a job for so long that you no longer even count as a human being to the Bureau of Labor Statistics...

...or if you're a millennial.