Happy Birthday Yes! Magazine

Yes Magazine Cover
Yes! Magazine Celebrate's 15 Years

I just returned from a great evening with the folks at Yes! Magazine celebrating their 15th anniversary at Town Hall Seattle. In case you haven’t read Yes! Magazine, they are a leading sustainability-community-new-economy-social-justice – okay, progressive – media outlet. Their website is a constant stream of free (and ad free) content ranging from articles on social justice and sustainability to the new economy and happiness. I’ve been a big fan of them for some time, and privileged enough to be connected with Yes! through previous events, blogging and twitter friends (check out their issue #56 on “What Happy Families Know” my family is on page 52).

I’ll be adding the video of the speakers once it’s up, but wanted to give a quick run-down of tonight’s events, which included Van Jones, Bill McKibben and David Korten. For being a “humble writer,” Bill doesn’t give himself enough credit for his ability to inspire with his speaking as well as his writing. Van’s words were able to move the audience greatly with what appeared to be almost effortless charm – he had us hanging on every well-executed pause and perfectly timed joke. David gave credence to the progressive movements he’s helped to form and be part of with his piece, as well as highlight some of the great work being done to create a better world.

Yes! Magazine started in a basement on Bainbridge Island and is now a world-wide media outlet for progressive, positive stories and action-oriented motivation. They still function on the island, but their offices are a bit bigger. Of course, being a non-profit, community-supported magazine gives their voice even more validity (always good to walk the talk), but it also means they need support to run such an amazing publication. I highly recommend you becoming a subscriber, or read them online and donate. I’m a very satisified dedicated friend (read: monthly donor) and you might be too!

Happy Birthday Yes! Magazine, here’s to another 15 (or 500) years!

UPDATE: Here’s the video link where you can watch each speech separately or the whole thing.

 

Tax The Wealthy, They’re Asking For It

Take The Wealthy Banner
Tax Wealth Like Work

It’s apparent that the income and wealth gap in the US (and the world) is large and only getting worse. Out of the last ten years of economic growth all of the increase in wealth has gone to the top 1%. These extremely wealth people have seen an 18 percent increase in their yearly income and currently the top 1% control 40% of the total wealth in America!! During those same ten years the rest of us have seen a decrease in our yearly incomes. (The concept of “a rising tide lifts all boats” is utterly false by the facts)

All those facts are explained in Joesph Stiglitz’s article pretty clearly. While I suspected that our tax system was skewed towards the wealthy (and we know all about the infamous “Bush tax cuts”), I was unaware of the actual numbers on earned income taxes versus capital gains and dividend income. Those of us that work for a living, most contributing to the betterment of society in some fashion or another, are taxed 35% of our income. Those that live off dividends and investments, many of which are inherited, are only taxes 15%.

A recent group of wealthy individuals have come out to recognize this disparity and campaign for a change. Responsible Wealth and United for a Fair Economy have launched the “Tax Wealth Like Work” campaign. The goal of the campaign is to:

“Focus attention on the discrepancies in the U.S. tax system that reward income from wealth over income from work. Income from capital gains and dividend income – a type of investment income from stocks, real estate, and other holdings – is taxed at a top marginal rate of only 15 percent. Income earned from work, on the other hand, has a top rate of 35 percent.”

Check out the campaign here. (Thanks to Gift Hub for showing me this)

Here’s some graphics for your consideration, too:

Effective Federal Tax Rates = Wealth Inequality