Economic Update

Capitalism and Tax Injustice

In this week’s special fund drive episode of Economic Update, Professor Richard Wolff discusses Germany’s recession; efforts by California fast-food workers to unionize; how the war in Ukraine boosts the US stock market and corporate stock holdings, while hurting most wage/salary incomes; and major injustices of the US federal tax system (tax exemptions for schools, churches, hospitals, and charities and social security’s flat tax system).

In addition, he asks, What lessons can we take from the protest/revolt of European farmers?

Because of the fund drive, this episode continues into the next half hour, which can be accessed here.