Daily Clips: April 19th, 2016
With Kansas in crisis, GOPers abandon Gov Brownback on tax cuts: Ok, so we know that tax cuts for the rich is not a viable way of growing the economy. Kansas can attest. The state now ranks “43rd in total personal income growth in 2015.” How can that be if people are not being taxed as much? Well, Brownback abdicates responsibility and says, “You’ve got some global issues that are going on that we have absolutely no control over.”
David Brooks is a trickle-downer:
One true minimum wage story is that corporations are reaping record profits while pushing down wages of the unskilled. But another true story, embodied in the vast trove of research, is that if you raise the minimum wage too high, you end up punishing less skilled workers. One study found the modest hike in the national minimum wage between 2006 and 2009 reduced employment among young people without a high school degree by almost 6 percent.
I love how he cites a study on employment that occurs when the financial crisis happened. Notice how he didn’t bring that up. Also, I love how he hides behind the “vast trove of research” on the subject but then doesn’t examine that research at all. Brooks at his finest.
The costs of financial isolation: Turns out, people enjoy talking about infidelity more than personal finances.
Tweet of the day: Happy New York Primary! Our voting system in this country sucks. Badly.
27 Percent of New York’s Registered Voters Won’t Be Able to Vote in the State’s Primary via @thenation https://t.co/dCNiLBiE2N
— Remi Kanazi (@Remroum) April 19, 2016
