Legislative Consistency? Not with Minimum Wage, High Speed Rail and Taxes
If one takes a quick glance at the daily schedule of events happening in and around the State Capitol all on the same Monday this week, there seems to be a peculiar political paradox taking place right under our noses. Or, in laymen’s terms: an offensive double standard. On Monday, April 4, the Governor signed SB […]
Business Reacts to Signing of Minimum Wage Bill
Business leaders responded to Gov. Brown signing the minimum wage bill, SB 3, raising concerns that the increases will come too fast, but also urging the governor and legislature to now turn their attention to making policy to improve the business climate in the state. Some of the comments from the business community are published […]
Private Retirement Plan a Cover for Bloated Public Pensions
California’s Democratic leaders announced a “landmark deal” Monday to raise the minimum wage to $15 an hour by 2022. Yet it may be overshadowed by another milestone from the same day. Senate President Pro Tempore Kevin de León, D-Los Angeles, announced that his “Landmark Retirement Security Program” is moving to the next step in the legislative process. The minimum-wage boost […]
Aristocracy of Talent: Social Mobility Is the Silver Lining to America’s Inequality Crisis
Yes, wealth concentration is insane. But the ways in which wealth is shifting are surprising—and give reason for a little optimism. In an age of oligarchy, one should try to know one’s overlords—how they made their money, and where they want to take the country. By looking at the progress of the super-rich — in […]