27 Jun 2019

MLK’s Progressive Proposal, Reparations and the Wealth Gap

        No democracy can exist with a wealth gap between the majority of citizens and its most privileged and powerful political layer of citizens. The wealth gap that developed since the administration of Ronald Reagan (1981–1989) now approaches that preceding the Great Depression (1929-1932). At both times,

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14 Feb 2019

Embracing Change When New Ideas Can Remedy Old Problems

      Concerns about the ability to lead a financially secure retirement remains a top priority for many Americans, according to a new survey by the American Institute of CPAs (AICPA).  In their new Personal Financial Planning Trends Survey, 30% of the CPA planners who participated in the survey

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07 Feb 2019

Meet America’s Biggest Socialist Corporations

    In his State of the Union speech, Donald Trump predictably made a number of controversial, inaccurate statements. However, one which caught many people off-guard was his comment that America would never be a socialist nation. In his speech, Trump said: “America was founded on liberty and independence and

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14 Dec 2018

Groundhog Day in the Financial Industry: Why the Retirement Crisis Is Now Permanent

      On a regular basis, some of the largest investment firms in the industry conduct surveys about the state of retirement, individual investor attitudes and their preference about what they would like from their financial advisor or investment firm. These surveys are often statistically rigorous and authoritative, so

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27 Nov 2018

Trump’s Capitalism Goes on Trial

The Mueller investigation is not only an indictment of Trump and his family, but of any entire economic system. No wonder people are looking for new economic alternatives. Americans have developed an odd fascination with wealth. Most are not sure how vast amounts of money are accumulated and when it

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07 Sep 2018

Financial Advisors Should Tell Clients Why Real Wages Are Not Rising

Financial advisors who want to be honest with the clients, should tell them the reason they feel poor is because they are. Real wages and wage stagnation have been developing since the ’70s as a by-product of Ronald Reagan’s neoliberal policies, compounded by the Fed’s view that any wage growth

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18 Aug 2018

The Progressive Economic Agenda Courtesy of Senator Sanders

      While economics is a cornerstone of the progressive agenda, many people, including some in the DNC, don’t know the specifics of how changes in the economic and financial systems can benefit Americans. Money drives politics, so it is in the interests of informed investors to know how

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17 Aug 2018

A Win-Win Situation: Linking Progressive Investors with Progressive Financial Advisors

      As the Trump Administration continues to steamroll democratic institutions, accompanied by concerns about the income gap, wage stagnation and economic security continue, financial advisors have a choice: They can continue to provide clients with financial plans based on a no- or small-wage growth scenario, accompanied by admonitions

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10 Aug 2018

More Fee Pressure on Advisors Raises Questions About the Value of Financial Advice

The recent decision by Fidelity Investment that it will not be charging any fees for certain index funds through its Fidelity Zero Total Market Index Fund for US stocks and the Fidelity Zero International Fund for stocks outside the U.S. raises some important questions for both advisors and investors. The main

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08 Aug 2018

Retirement News Worth Reading

Retirement and financial security are issues that are not often discussed by the general news media and most politicians (except Progressives), but these are major events affecting people worldwide. In the U.S., here are some retirement-related news events worth noting: Americans Not Saving Enough for Retirement; 40% Have Saved Nothing

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