It Ain't Fair

Corporate America is shutting average Americans' voices out, while they help themselves to taxpayer dollars. The economic playing field is tilted against the middle class — and we have the power to change that.

Phil Cheney, It Ain't Fair

politics Taxes

What Itaintfair.org is all about

Itaintfair.org is an organization that works to unite Americans in political issues. Corporate America is shutting average Americans’ voices out, while they help themselves to taxpayer dollars. The economic playing field is tilted against the middle class — and we have the power to change that. For more information, please visit https://itaintfair.org/get-involved/​

congress Federal Taxes

Black Lung Disability Trust Fund

As a result of so many miners getting sick from breathing in coal dust over 78,000 people have died from pneumoconiosis, or black lung disease. In 1977, the government started charging an excise tax on each ton of coal mined for the disability payments and health care of afflicted miners. $15 to $26 billion by 2050; If Congress doesn’t put a stop to this, that’s what it could cost the American taxpayer.

bad government politics Taxes

Carried Interest Tax Break

Private equity, hedge funds and investment funds are made up of two different kind of partners, general partners, who put the investment group together and have all the authority to direct the investments of the group and limited partners who are the ones that put in the bulk of the money but have no say in what investments the general partners participate in.

bad government

Hard Rock Mining in America. Miners get the Minerals, and the Taxpayers Get the Shaft.

Mining companies both foreign and domestic can lease land from the Federal Government for $2 to $4 an acre and pay no royalties for all the minerals taken out.

From 1977 to 2017, Mining companies had to put up bonds or collateral to prove they had the financial wherewithal to clean up their abandoned mine site. That’s no longer true.

The Nevada Current, a business newspaper, said that $26.6 billion of gold was taken out of Nevada from 2008 to 2017, so even a 5% royalty would amount to $1.6 billion.

The government does not keep track of all the minerals taken out by the various mining companies or monitor these companies’ financial health. That’s important because once the mines are not economically feasible many file bankruptcy.

The Federal Government owns 662 million acres of land in America.

Some states get a nominal fee for any minerals taken from within their boundaries.

Should the American taxpayers be compensated for those minerals, and why should taxpayers be the ones to have to pay for mine reclamation?

Cost of living living wage politics wages fall behind cost of living

Fact Sheet for America

The U.S. Population in 2019 was 329 million and contained about 128 million households. 37.1% or 47.61 million households earned less than $50,000 a year. 10.3% or 13.24 million households earned $200,000 plus. We show from The Massachusetts Institute of Technology a living wage calculator for various cities in the U.S. For a family of four with two workers went from a low of $59,987 to $85,154.

https://livingwage.mit.edu

tax rates, and GDP growth

GDP and Tax Rate (updated version)

      The conservatives have always argued that lowering tax rates, small government, and less regulation will lead to a higher GDP and more productivity, and higher wages. In the 1950s, corporate taxes accounted for 30% of government revenue. By 2012 it had fallen to 10%, and by 2019 it was 6.6%. Both individual and corporate taxes have gone down since 1950. Where is our growth, and where are the higher wages?