Pope Francis Condemns Corruption and Unbridled Capitalism

Pope Francis Condemns Corruption and Unbridled Capitalism

Pope Francis is truly a remarkable figure.  My favorite quote from the above Huffington Post article:

He urged politicians and business leaders “not to yield to an economic model which is idolatrous, which needs to sacrifice human lives on the altar of money and profit.”

I wish I had more to write, but I am somewhat speechless.  I’m extremely glad to see such a powerful figure speaking truth and standing up for human rights.  Statements like the above shouldn’t be surprising, it’s basic common sense, but unfortunately we live in a world where people all too often put money and profit above others.

Obama to Unveil Plan to Extend Overtime Pay to 5 Million

Obama to Unveil Plan to Bring Overtime Pay to 5 Million

Another interesting article, this time a headline over at Huffpo.  If you look at the widening wage gap between owners and workers, especially if you look at it over the course of history in the last hundred years, you will see that things have gotten completely out of whack.  Don’t take my word for it, do the research.  This looks to be a way that Obama is looking to help lessen the outrageous disparity that has arisen in this country between rich and poor.

Floyd Mayweather Jr. says record payday will provide too much to spend

Floyd Mayweather Jr. says record payday will provide too much to spend

http://www.latimes.com/sports/sportsnow/la-sp-sn-mayweather-says-record-payday-will-be-too-much-to-spend-20150429-story.html

When a boxer is making 200 million dollars for one fight, and people are paying $100,000 for tickets, something is wrong.  There is no kind of free market justification for that kind of gross excess.  Everyone only has one life.  When some starve while others drop $100,000 for a sporting event, it seems like it is time to take a hard look at the economic system we all live in.  This current one is absurd and grotesque.  

Welfare Makes America More Entrepreneurial

Welfare Makes America More Entrepreneurial

The above link is to an Atlantic story that talks about how the social safety net actually increases the chances of taking the risk of being an entrepreneur.  The evidence presented in the article seems to back this idea up.  It personally seems like common sense to me.  A safety net is not meant to provide someone with a comfortable middle class existence.  It merely allows for survival in the face of economic hardship.  If one knows they can take a risk starting their own business without facing abject poverty, it seems to me they would be more willing to take that risk.

2 Years After Raising Taxes On the Rich, The Story of Minnesota

2 Years After Raising Taxes On the Rich, Here’s What Happened to Minnesota

Minnesota put progressive economic policies in place when Governor Mark Dayton was elected.  The above article tells the story of what has happened since.

The article is extra enjoyable for the compare and contrast set up with Republican Scott Walker.

Thanks to Mr. Russell for the article.  

Obamacare is Barely Denting Corporate Profits

Obamacare is Barely Denting Corporate Profits

Bloomberg Business News is reporting that Obamacare is not causing any harm to business the way its opponents stated.  The article is worth reading in full to get all the details.  This article basically means that some of the main talking points Obamacare opponents tried to use to make people fearful of the law, have had a giant shit taken on them.