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Joseph E. Stiglitz Calls for Fair Taxes for All

May 28, 2014 A  report by Nobel Prize-winning economist Joseph E. Stiglitz for the Roosevelt Institute suggests that paying our fair share of taxes and cracking down on corporate tax dodgers could be a cure for inequality and a faltering economy.   Apple, Google, GE and a host of other Fortune 500 companies are creating what amounts to “an unlimited IRA for corporations.” The result? Vast amounts of lost revenue for our treasury and the exporting of much-needed jobs to other countries.  “I think we can use our tax system to create a better society, to be an expression of our true values.” Stiglitz says. “But if people don’t think that their tax system is fair, they’re not going to want to contribute. It’s going to be difficult to get them to pay. And, unfortunately, right now, our tax system is neither fair nor efficient.” 

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Tuition and fees at four-year public colleges soared 86 percent, adjusted for inflation, from 2000 to 2012 — far above the 52 percent increase of the preceding 12 years, according to data from the College Board. State aid to higher education has fallen in the past decade, thereby requiring students to bear more of the cost.

The main point of this chapter is to short-circuit many of the seeming “facts” and mantras about education that have been drilled into us by the media, to the point where we have started to believe clichés that are simply untrue: that lead to part-time jobs and a mountain of debt. The banking elite make a killing on the debt that the average American accrues by going to college. This chapter provides excellent resources for analyzing college affordability. Also, it provides very lucrative alternatives to college education such as various 2 year tracks that lead to well-paying, stable jobs that are rarely, if ever covered in various media outlets. This chapter is essential for you to understand how to keep money in your wallet and out of the hands of the crooks, the banksters, and the hustlers that disguise themselves as this country’s authorities. It doesn't matter whether you major in art or engineering, you want to make as much money as possible.