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New Economics Says Prosperity Doesn’t Trickle Down. It Comes from the Middle-Out – Evonomics

…A secure middle class is the cause of growth, not its effect; in fact, our economy cannot reach its full potential without it. And a middle class that lives in constant fear of falling out of the middle class isn’t truly middle class at all.

From 1950 through 1980, during the heyday of the Great American Middle Class, a combination of New Deal programs, a corporate culture of civic responsibility, and a powerful labor movement provided a majority of American workers with health insurance, unemployment insurance, workers’ compensation insurance, pensions, job security, rising wages, overtime pay, paid vacation, paid sick days, a 40-hour workweek, and access to affordable, high-quality education. These are the benefits that provide the economic security of a decent and dignified life that defines what it means to be middle class, and that led to an unprecedented increase in living standards and economic growth. And under the old economy, they were, and still are, largely provided by one’s employer

[big snip]

…even if trickle-down’s low-tax, low-regulation, benefit-free policies could grow GDP as fast or faster than “middle out”—and they can’t—why would Americans choose that? Why would we choose an America in which just 10 percent of Americans enjoy 100 percent of the rewards of economic growth (as they have since 1980), while the vast majority of middle-class families struggle to remain middle class? For a nation full of Zoes is a nation full of people who simply do not have the time or energy to help their children with their homework, to be good neighbors, or to participate in the civic life of their communities. And a nation full of Zoes simply cannot provide the massive input of innovation and consumer demand that our economy requires of the middle class.

It is important to state that this is not an argument against innovation. We welcome the efficiencies and flexibility that companies like TaskRabbit and Uber bring to the market. But innovation also brings with it disruption, and if we want to preserve the economic security of the American middle class, then we need to respond with an equally innovative set of labor policies. (the emphasis is mine)

[snip]

We propose a new Shared Security System that endows every American worker with, first, a “Shared Security Account” in which to accrue the basic employment benefits necessary for a thriving middle class, and second, a new set of “Shared Security Standards” that complement and reinforce that account.

One can think of the Shared Security Account as analogous to Social Security, but encompassing all of the employment benefits traditionally provided by a full-time salaried job. Shared Security benefits would be earned and accrued via automatic payroll deductions, regardless of the employment relationship, and, like Social Security, these benefits would be fully prorated, portable, and universal. (again the emphasis is mine)

New Economics Says Prosperity Doesn’t Trickle Down. It Comes from the Middle-Out – Evonomics

Capitalism By Nick Hanauer and David Rolf Properly understood, the middle class is the source of all growth and prosperity in a modern technological economy. The American middle class is facing an existential crisis. For more than three decades, declining wages, fraying benefits, and the rising costs of education, housing, and other essentials have stressed and squeezed middle-class Americans.

The Conservative Case for Universal Healthcare | The American Conservative

…socializing healthcare is the only demonstrably effective way to control costs and cover everyone. It results in a healthier country and it saves a ton of money.

The Conservative Case for Universal Healthcare

Yes, that’s a bold claim given that a GOP-controlled Congress and President are poised to un-socialize a great deal of healthcare, and may even pull it off. But within five years, plenty of Republicans will be loudly supporting or quietly assenting to universal Medicare.

Parents of Charlie Gard, Ill British Infant, Abandon Effort to Prolong His Life – The New York Times

Parents of Charlie Gard, Ill British Infant, Abandon Effort to Prolong His Life

LONDON – The parents of Charlie Gard, the chronically ill British infant whose plight drew attention from Pope Francis and President Trump, on Monday gave up their wrenching legal effort to artificially prolong his life, bowing to the consensus of medical experts who said there was no realistic chance of saving him.

Why Republicans Cannot Replace the ACA, Or Accomplish Anything Else

While true it is a generalization and generalizations can be tragically wrong I think it still holds to be mostly true and accurate that Republicans are a party of ideology where as the Progressive Left is more driven by acting on empiraclal truths.

Why Republicans Cannot Replace the ACA, Or Accomplish Anything Else

Edgar Welch walked courageously into a DC pizza parlor on a mission to rescue abused children. Armed with an AR-15, he had driven from North Carolina to the restaurant, Comet Ping Pong, to break up a pedophile kidnapping ring. After a few confusing minutes in the restaurant and a couple of shots fired, Welch was baffled.

Schumer: Democrats were ‘namby-pamby’ – POLITICO

Just the other week on FaceBook despite liking him personally I criticized Senator Charles Schummer for being a middle of the road neo-liberal republican-lite version of Democrat. He was too ‘namby-pamby‘ in my estimation. You know the kind of Democratic leader that lost the support of the working middle-class American that the Democrats had traditionally represented so well in the middle part of the last century.

Well, it appears he might be starting to sing a different tune now that he has taken the time to see just how needless and devastating the loss the past Novemberber was. I guess we will just have to wait and see how robust this new Democratic agenda is going to be so the mantra I find myself chanting now is “we’ll see,… we’ll see”.

Schumer: Democrats were ‘namby-pamby’

Senate Minority Leader Chuck Schumer on Sunday promised a bolder economic message for the Democratic party, including the potential for single-payer health care. “We were too cautious, we were too namby-pamby,” Schumer said on ABC’s “This Week.”

Boycott the butterfly, and stop buying organic. – Assorted Topics Primer – Quora

Boycott the butterfly, and stop buying organic.

There’s a big industry that has been misinforming you for profit. It promotes anti-science fear mongering, lies about itself and its competitors, and uses high-priced lobbyists to further its agenda. It rips you off by selling you a product at a premium price even though it’s no better for you, a…

Trumpcare Is Dead. “Single Payer Is the Only Real Answer,” Says Medicare Architect.

Trumpcare Is Dead. “Single Payer Is the Only Real Answer,” Says Medicare Architect.

Thanks to a pair of defections from more GOP senators late yesterday, the Republican plan to repeal and replace or simply repeal the Affordable Care Act is dead – for now. But the health care status quo is far from popular, with 57 percent of Americans telling Gallup pollsters in March that they “personally worry” a “great deal” about health care costs.

How ISIS nearly stumbled on the ingredients for a ‘dirty bomb’ – The Washington Post

A look at a bullet dodged but it’s still a frightening look at a risk that exists all around the world.

How ISIS nearly stumbled on the ingredients for a ‘dirty bomb’

On the day the Islamic State overran the Iraqi city of Mosul in 2014, it laid claim to one of the greatest weapons bonanzas ever to fall to a terrorist group: a large metropolis dotted with military bases and garrisons stocked with guns, bombs, rockets and even battle tanks.

NHS to ban homeopathy and herbal medicine, as ‘misuse of resources’

Great for UK’s NHS! Our FDA now requires labeling that essentially says: “Homeopathy is a waste of money since it doesn’t do shit because there is nothing in it”. I certainly hope there aren’t any insurance companies that pay out for Homeopaths and homeopathic treatments.

NHS to ban homeopathy and herbal medicine, as ‘misuse of resources’

Health officials said the NHS is spending around £545m a year on treatments which are available over the counter, though they do not expect to recoup all the funding. The products include cough mixture and cold treatments, eye drops, laxatives and sun cream lotions.

A new interview reveals Trump’s ignorance to be surprisingly wide-ranging – Vox

A new interview reveals Trump’s ignorance to be surprisingly wide-ranging

Nobody knows everything, and certainly nobody who’s ever sat in the Oval Office has entered with a complete mastery of all the varied issues that land on the desk of the president of the United States. But reading the transcript of Donald Trump’s recent interview with three New York Times reporters, two things stand out.

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