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The Trump Tax Cut: Even Worse Than You’ve Heard

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 / President Trump in a meeting with governors and members of Congress about tax cuts in April 2018. Credit Doug Mills/the New York Times

Skeptical reporting has still been too favorable.

Paul Krugman, New York (NY) Times

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Jan. 1, 2019 | The 2017 tax cut has received pretty bad press, and rightly so. Its proponents made big promises about soaring investment and wages, and also assured everyone that it would pay for itself; none of that has happened.

http://evergreenedigest.org/sites/default/files/Geo%20Washington%20on%20%241%20Bill%20with%20Black%20Eye.jpgYet coverage actually hasn’t been negative enough. The story you mostly read runs something like this: The tax cut has caused corporations to bring some money home, but they’ve used it for stock buybacks rather than to raise wages, and the boost to growth has been modest. That doesn’t sound great, but it’s still better than the reality: No money has, in fact, been brought home, and the tax cut has probably reduced national income. Indeed, at least 90 percent of Americans will end up poorer thanks to that cut.

https://static01.nyt.com/images/2018/04/02/opinion/paul-krugman/paul-krugman-thumbLarge.png / Paul Krugman, Opinion Columnist for the New York (NY) Times, is distinguished professor in the Graduate Center Economics Ph.D. program and distinguished scholar at the Luxembourg Income Study Center at the City University of New York. In addition, he is professor emeritus of Princeton University’s Woodrow Wilson School.

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The market will not fix Twin Cities' affordable housing crisis.


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The Seattle skyline. / iStock

  • Developers are building new luxury units in the metro, but they are out of reach for most. Without subsidies, that math won't change. 
  • Related: From the Archives | More Housing, Not Shelters

Carol Becker, Minneapolis (MN) StarTribune

October 23, 2018 | In “Private market must be a big part of the solution,” (Oct. 18) Federal Reserve Bank executives Ron Feldman and Mark Wright argue that building more market-rate housing will create more affordable housing through simple supply and demand.

If you have a market for bananas and you increase the number of bananas for sale, the cost per banana will go down. And people will buy more bananas and fewer of oranges. Conversely if you have fewer bananas for sale, the price will go up and people will buy fewer bananas and more oranges.

Carol Becker lives in Minneapolis.

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From the Archives | More Housing, Not Shelters, Colleen O’Connor Toberman, Minnesota 2020

We know that housing helps people live stable, healthy, productive lives. We know what we need to do. The question, Minnesota, is… will we do it?

May 1, 2014 | Today, Minneapolis’ two winter shelters will close for the season. This has become an annual ritual for the past few years, ever since two churches opened temporary winter shelters to offer supplemental beds for the rising homeless population. These two shelters house over 100 people a night, who will now find themselves out in the still-chilly spring without other options.

Our first impulse might be to solve this problem by keeping these shelters open year round, but I have mixed feelings about opening more homeless shelters. Obviously, I want everyone to have a safe place to sleep, eat, and connect to services. I want shelters that are accessible to every community across the state and offer sufficient space for everyone in need. It’s (inhumane) to turn someone away because there’s no room at the inn.

Colleen O’Connor Toberman is passionate about housing and poverty issues. Colleen is a social worker at East Side Neighborhood Services in Minneapolis, where she assists low-income individuals with benefits enrollment and food security. Her prior experience includes time at Our Saviour’s Housing and several other housing/homeless organizations.

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No Justice!  No Peace!  Please share this post.

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Jesus exposed the delusion of wealth.

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They were greatly astounded and said to one another, "Then who can be saved?" Jesus looked at them and said, "For mortals it is impossible, but not for God; for God all things are possible." (Mark 10.26-27)


Tom Ehrich, Morning Walk Media

Submitted by Evergreene Digest Contributing Editor Mike Steigerwald.

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October 11, 2018 | If wealth isn’t the goal, then what is? If wealth doesn’t guarantee one’s life, “then who can be saved?”



This was no idle question. From earliest days, people have sought land, possessions, and portable wealth like gold. In a brutish world, wealth bought safety and power. In a world of scarcity, wealth housed and fed the family.

Tom Ehrich is a writer, church consultant and Episcopal priest based in New York. He is the author of Just Wondering, Jesus and founder of the Church Wellness Project. His website is www.morningwalkmedia.com.

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Related:

Dark God Matters: When the Church Tries to Whitewash Black and Brown ... , Sam Kline, Patheos

https://wp-media.patheos.com/blogs/sites/1010/2018/10/hannah-grace-385877-unsplash.jpg / Photo by hannah grace on Unsplash

Contemporary churches of different ethnic and racial makeups still teach and preach a whitewashed Christianity-one that is invested in maintaining institutional racism.
 

 

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No Justice!  No Peace!  Please share this post.

A Successful Economy Isn’t Just Capitalists Increasing Their Capital. (It’s Your Life, Improving.)

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  • Why Americans Put the Success of Capitalism Above Their Own Lives Falling Apart
  • Related: America's Real Economy: It Isn't Booming.

umair haque, Eudaimonia and Co / Medium Daily Digest

October 12, 2018 | If I ask the average American, “how do you think the economy is doing?” they will probably talk to me about unemployment rates, GDP growth, stock markets, and so on. They might even refer, if they’ve got graduate or undergraduate degrees in related subjects, to notions like interest rates, zero lower bounds, budget constraints, and so forth. And I’ll also hear about “deficits” and “spending” and “profits.”

Now, all this is funny, sad, and a little tragic. Because what my average American won’t talk about are things which are the most necessary essential that impact the quality of his or her own life. The price of food. The cost of healthcare. The impossibility of retirement. The staggering burden of paying for an education. How are these things doing? Do you see the irony here? Let me make it more precise.

https://miro.medium.com/fit/c/240/240/0*lI5-avJvcBbQDmA2.jpegumberhaque: vampire. Editor of Bad Words, Eudaimonia and Co, a book of nights, Leadership in the Age of Rage, and eudaimonia. Top writer in Culture, Economics, Leadership, Politics, Life, Relationships, Psychology, Love


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Related:

America's Real Economy: It Isn't Booming. Peter Georgescu, Forbes

https://thumbor.forbes.com/thumbor/960x0/https%3A%2F%2Fspecials-images.forbesimg.com%2Fdam%2Fimageserve%2F516302216%2F960x0.jpg%3Ffit%3DscaleWalter Holm, age 67, a Vietnam veteran is living at Transitions, a homeless recovery center in Columbia, SC in 2016. There are other aging veterans who are homeless and looking for work, but not finding it.  (Photo by Linda Davidson / The Washington Post via Getty Images)
 

  • If every employer in America came up with even just one modest step—higher wages, regular profit sharing, tuition reimbursement—to help workers spend and save more, the nation would begin to right itself economically. It needs to happen now. We’re running out of time.
  • Related: From the Archives | Socialism: Our Alternative To The Madness Of The Market
     

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