Rick Smith visits with us to discuss issues that affect the working class. Bernie Sanders exposes retirement ripoff. Andrew Villeneuve, NPI’s Cascadia Advocate’s ED, discusses progressive narrative & strategy.
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- The working class guy, Rick Smith of the Rick Smith Show, discusses the state of the working class: Rick Smith, the Creator/Producer/Host of the Rick Smith Show, visited with PDR at Netroots Nation 2023. We discussed the plight of the working class and much more. [More]
- ‘Rigged’ US Tax Code Blamed as Wealthy See Major Retirement Account Gains: A report published Thursday by the nonpartisan Government Accountability Office shows that the median retirement account balance of high-income U.S. households nearly doubled between 2007 and 2019 while those in the middle class saw their retirement savings stagnate—if they had savings at all. The GAO report was commissioned by Sens. Bernie Sanders (I-Vt.) and Sheldon Whitehouse (D-R.I.), who both pointed to the massive subsidies the federal government provides to tax-advantaged retirement accounts such as 401(k)s and individual retirement accounts (IRAs). Citing Treasury Department data, the GAO’s new report notes that “the estimated federal tax expenditure, or annual net revenue forgone, for tax-preferred retirement accounts was over $195 billion in 2022.” [More]
- I had to school a Right Wing caller on what Social Security really is. It’s not a savings account: A caller took exception that if one dies early, ‘excess’ Social Security payments are not returned to the family’s estate. Social Security is not a savings account. [More]
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