http://www.theguardian.com/business/2022/sep/26/leading-economies-sliding-into-recession-as-ukraine-war-cuts-growth-finds-oecd The world’s leading economies are sliding into recession as the global energy and inflation crises sparked by Russia’s invasion of Ukraine cut growth by more than previously forecast, according to the Organisation for Economic Co-operation and Development (OECD). A dependency on expensive gas for heavy industry and home heating will plunge Germany, Italy and … More TheVoiceOfJoyce Europe, dependent on Russian oil, will be plunged into recession. China is suffering from a real estate ponzu scheme and Zero Covid policy, crippling its economic output. America, we have short term problems brought on by Corporate Greed. Corporations here are monopolies without competition. They charge whatever they can, while keeping labor wages low. It’s a win win for a few. In the 80’s Volcker raised interest rate to curb inflation and it wasn’t until America was plunged into Recession, that the government raised taxes to get us out of the Recession. Both the US and UK should take a policy lesson from the 1980’s, start taxing Corporations now. Go to 28% and close loopholes. Then, it won’t matter if labor get a long deserved increase in pay and benefits. Labor needs these increases to survive. Americans need Corporations and the top 1% to pay their fair share. A 2% tax on the top 1% assets would add billions to the IRS. A 28% tax on Corporations should be the first step towards taxing Corporations. Their free ride, is making it impossible for too many Americans to survive. Raising interest rates is one tool in the Federal toolbox. Another tool is raising Corporate taxes. Then fund the IRS to collect the tax. I always thought, this country needed to put 1000’s of auditors to work and collect the trillions in tax evasion. America should not be inadvertently plunged into Recession. The poor and the middle class need a social safety net. We can have it “all”.
http://www.nytimes.com/2022/09/24/business/nonprofit-hospitals-poor-patients.html In February, Bob Ferguson, the state’s attorney general, accused Providence of violating state law, in part by using debt collectors to pursue more than 55,000 patient accounts. The suit alleged that Providence wrongly claimed those patients owed a total of more than $73 million. Providence, which is fighting the lawsuit, has said it will … More AmericaSpeaks TheVoiceOfJoyce Is your Hospital a non profit? Don’t bet on it. Providence is a huge Hospital system, located primarily on the West coast and it has a nasty habit of taking Billions in taxpayer monies , in order to be tax exempt. However, as a modern Corporation, it doesn’t play by the rules and charges charity patients, even though those patients are entitled to free care. Patients are harassed at bedside. Hospital employees do the dirty work or lose pay. If pressure doesn’t succeed and a Medicaid patient walks out without paying, then, debt collectors pursue patients relentlessly, destroying patients credit. Meanwhile, the Providence system’s, CEO , made $10 million last year and their endowment is traded on the exchange. That’s the Big Businesses model today, lawless with no enforcement of Rules and regulations. Where are our State and Federal congressional representatives to protect us? Are they soliciting Providence corporate and money to stay in power? They say, Senator Warnock, of Georgia, , can’t be trusted, because he’s a Pastor, better that , then a full time politician on the dole! How is your local hospital treating you? Is it a non profit? There’s a form to fill out if you think you’ve been charged by your hospital erroneously.
In the largest known political advocacy donation in U.S. history, industrialist Barre Seid funded a new group run by Federalist Society co-chair Leonard Leo, who guided Trump’s Supreme Court picks and helped end federal abortion rights. — Read on http://www.propublica.org/article/dark-money-leonard-leo-barre-seid AmericaSpeaks TheVoiceOfJoyce