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Paul Krugman: We live in the most unequal society ever, and it’s only getting worse

Americans may be living in the most unequal society that has ever existed, said economist Paul Krugman. The New York Times columnist and Princeton University professor said Thursday there is zero evidence to suggest extreme inequality is good for economic growth but plenty to suggest it’s not. “Nobody wants us…

Obama commission: Slash Social Security, reduce corporate taxes

Progressives across the US are condemning President Obama’s deficit-reduction commission for its proposal, released today, to cut Social Security payments while lowering corporate taxes and the highest income tax bracket. The commission, put together by the White House in February, released a draft report (PDF) Wednesday that proposes deep cuts…