BOSTON - April 1 - Our work is done. Im taking my family to Disney World, said Chuck Collins, co-founder of United for a Fair Economy.
A new report entitled Economic Equality in the United States from United for a Fair Economy (UFE) confirms that net worth and personal incomes are now fairly evenly distributed across race, class and gender.
This result is clearly due to progressive tax policies and public investments in health care, education and housing, said Betsy Leondar-Wright, Communications Director and co-author of the report. Congress and the President have obviously been listening to us. About effing time.
The report identifies four main areas of economic parity:
- Net worthis now roughly the same across gender and race, with universal college and retirement accounts;
- Incomeevery job now pays enough to keep a family of four out of poverty, including in the formerly impoverished countries of the Third World;
- Tax policyinvestment income is now taxed as heavily as wages, and all taxes fall more lightly on working people and more heavily on the very wealthy and large corporations;
- Multinational corporationsno longer have significant political clout, and effective corporate tax rates are now as high as for individuals.
All staff of United for a Fair Economy were laid off today, effective immediately, and they began to make plans for their next careers. El Salvador, here I come, said former Education Coordinator Jeannette Huezo. No need to stick around this chilly climate now that theres economic justice back home.
United for a Fair Economy (www.FairEconomy.org) used to be a national nonprofit that raised awareness about economic inequality.