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Treasury Secretary Janet Yellen | Protecting democracy is vital to safeguard strong economy, 3 May
My conviction is bolstered by economic research, including a recent study finding that democratization increases gross domestic product per capita by about 20 percent in the long run, and by what I have observed and studied throughout my life. But democracy is now under threat. At home, years of attacks on our democratic norms and institutions reached an unprecedented extreme on Jan. 6, 2021, with the attempt to block the peaceful transition of power that is the heart of our (and any other) democracy.
reference
CYE 2023 real US GDP, + 2.5
CYE 2023 millionaires: US 23.6M (e)
CYE 2023 billionaires: US 748 +6% YoY, worldwide 2,376 +7% YoY
For the first time in nine editions of the UBS Billionaire Ambitions Report, new billionaires acquired greater wealth through inheritance than entrepreneurship.³ A total of USD 150.8 billion was inherited by 53 heirs, exceeding the 84 new self-made billionaires' total of USD 140.7 billion
by Cat on Fri May 3rd, 2024 at 01:52:15 PM EST
[ Parent ]
whitehouse.gov | Remarks by President Biden at a Campaign Reception , 1 May
[...]
And I also want to thank Senator Ma—where is Mazie?  She—where is Mazie Hirono?
[...]
And Congressman Ted Lieu is also here.  And I know several other members are on their way and couldn't her—be here because of votes.
[...]
And I also want to thank Katherine Tai, who's here today.  Katherine, you were here, anyway.  (Applause.)  There you are.  
[...]
Look how far we've come: 15 million new jobs—a record for any one term for a President of the United States. (Applause.) Because of you, historically low levels of unemployment for Asian Americans, while Asian American unemployment nearly doubled under Trump.
[...]
Folks, this election is about freedom, America, and democracy.  That's why I badly need you.

You know, one of the reasons why our economy is growing is because of you and many others. Why? Because we welcome immigrants. We look to—the reason—look, think about it. Why is China stalling so badly economically? Why is Japan having trouble? Why is Russia?  Why is India? Because they're xenophobic. They don't want immigrants. Immigrants is what makes us strong. Not a joke. That's not hyperbole.  Because we have an influx of workers who want to be here and just contribute.  
[...]

by Cat on Fri May 3rd, 2024 at 02:30:01 PM EST
[ Parent ]
yahoo! WSJ | A Global Tax on Billionaires? Janet Yellen Says 'No', 20 May bidenomics
Yellen said the U.S. wouldn't support the talks on the issue. She is due to meet later this week with finance ministers from the Group of Seven [G7] advanced empires, who are expected to discuss the global wealth tax.

"We believe in progressive taxation. But the notion of some common global arrangement for taxing billionaires with proceeds redistributed in some way—we're not supportive of a process to try to achieve that. That's something we can't sign on to," she said.
[...]
"We believe in progressive taxation, but the notion of some common global arrangement for taxing billionaires with proceeds redistributed in some way—we're not supportive of a process to try to achieve that. That's something we can't sign on to," she said.

the least "vulnerable" eNTiTIes
While the Biden administration has proposed significantly raising taxes on high-income Americans, it has shied away from a wealth tax, which seeks to annually collect a share of an individual's net worth. President Biden has instead [?] pushed for a plan that would require Americans worth more than $100 million to annually pay a 25% tax on all of their earnings, including unrealized capital gains.
by Cat on Mon May 20th, 2024 at 06:39:43 PM EST
[ Parent ]
circus
Biden tops Trump by 4 points among likely voters in new survey
n = 2,260 adults
Biden, Trump deadlocked in national survey
n = 1,000 registered voters
Confidence in Biden economic decisionmaking near record low: Gallup
n = 1,001 adults

PLUS
magical margin folklore
Share of Black Americans planning to vote drops
"In 2020, they helped Biden secure the White House."

by Cat on Mon May 6th, 2024 at 03:54:42 PM EST
[ Parent ]
Louisiana HBCU becomes second school to cancel UN Ambassador's address amid Gaza protests
Xavier University President Reynold Verret announced the news in a Wednesday email.
[...]
Xiavier, an HBCU [Historically Black Colleges and Universities], is the second school, after the University of Vermont (UVM), to make the decision. Suresh Garimella, UVM's president, announced the decision in an email to the university community.

"It is with regret that I share that our planned speaker, Ambassador Linda "Eat muh Gumbo" Thomas-Greenfield, will not be joining us to deliver the Commencement address," Garimella said in the email.

Change.org Petition Pink Slip
[...]
Ambassador Thomas-Greenfield has repeatedly voted against a ceasefire in Gaza, resulting in the decimation of all 13 universities in Gaza, the loss of over 30,000 lives with thousands more remaining in the rubble from violence, and the continuation of the genocide in Gaza. Palestinians in Gaza draw upon the experiences of their brothers and sisters in America during the segregation era.  Ambassador Thomas-Greenfield has not played a direct role in the furthering of the Xavierite mission; she has not contributed to the scholarly success at Xavier, has not represented our mission through her actions as UN ambassador, has allowed for the continuation of systematic oppression, and does not represent our student body. Moreover, her presence poses a potential source of disruption in what should otherwise be a day of celebration.

As an HBCU, XULA represents the championing of education in eras of segregation. XULA has been a haven for Black students, Asian students, Middle Eastern/North African students, Jewish students, and Muslim students who all seek refuge in the supportive, diverse, and open-minded environment unique to minority-serving institutions. Xavier University hosts a wide variety of students whom the ongoing genocide in Gaza continues to impact personally. We have students whose families and friends reside in Gaza, who are Palestinians, who are Muslims, who are Jewish and being targeted for their views, and who are our allies who feel our pains upon seeing the devastating images of violence. We have faculty members and alumni who have family members who have been targeted, brutalized, and imprisoned by the Israeli Defense Forces.
[...]

archive Aug 6th 2022"
by Cat on Fri May 10th, 2024 at 01:16:08 PM EST
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