NBC10 Wingmen: Pension debate edition


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wingmen4Public sector retirees vote today at Twin River on whether to accept the terms of a settlement agreement between the state and organized labor about their pension benefits. If they accept the offer, they and the rest of Rhode Island get to put this three-year political odyssey to bed. In the meantime, Jon Brien and I found one more opportunity to rehash what has become one of the most popular debates in the Ocean State: why did we cut pensions, and was it fair or just an expedient way to save money?

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Speaker Mattiello: ‘There haven’t been tax cuts for the rich’


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mattielloIn a wide-ranging interview with NBC 10 Bill Rappleye, House Speaker Nick Mattiello said taxes were not reduced for Rhode Island’s richest residents.

“There haven’t been tax cuts for the rich,” Mattiello said. “When folks refer to that I’m not sure what they are referring to. If you can point to the tax cuts to the rich I’ll be happy to consider that.”

At 8:00 minute mark:

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In a follow-up interview with me, I guess that maybe Mattiello thinks the income tax rate cut to Rhode Island’s highest earners has been offset by the fewer exemptions they can claim. These were changed when the rate was lowered.  I also point out that raising the estate tax exemption is a tax cut for the rich.News, Weather and Classifieds for Southern New England

I also point out that there are better ways to have a positive impact on jobs and economy than slashing taxes on retirement income – such as legalizing marijuana and increasing the earned income tax credit.

Justin Katz: Management isn’t perfect after all


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wingmenThe Procaccianti Group, the multinational real estate holdings corporation that owns the Hilton and Renaissance hotels in Providence where workers have been protesting and organizing a labor union to demand more humane working conditions, should treat their employees better, agreed Justin Katz and I on last  week’s NBC 10 Wingmen.

“In a given circumstance, perhaps they should” form a union, Katz said and said the way they have been treated is “garbage from [employers].”

Katz deserves a lot of credit for this admission. Richard MacAdams, one of the board members for the vehemently anti-union political advocacy group he works for, is also on the chief legal counsel for the Procaccianti Group. I respect Katz for speaking his truth on this issue for the same reasons I respect the fired Hilton Providence workers for speaking theirs.

But, as per every episode, we also had some disagreement. Katz would prefer the invisible hand of the free market create better working conditions for the Hilton employees.

“What I don’t like the union union debate the way it sets it up unions have power to counteract business power,” he said. “If a company isn’t valuing its workers then that’s a problem with the company and we have to create an economic environment in which they suffer for that.”

In theory, everyone agrees I suppose. But from a practical point of view, unfettered capitalism simply doesn’t have an effective way to compel a multinational holdings company to pay poor people a living wage without workers organizing and making a stink about it.

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Wingmen: Catholic Katz claims Pope is wrong


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wingmen 1127Earlier today I made the point that the Pope is a progressive. On NBC 10 Wingmen this week, Justin Katz doesn’t disagree. Instead the devout Catholic blogger says the Pope is wrong!

“I’m saying that’s a potential error on his part, that he’s misunderstanding how the economy functions as a practical matter. Which you’re allowed to say the Pope misunderstands a science.”

Note: Katz agrees with Pope Francis that free market economics dehumanizes people and turns them into commodities. “That’s true. That has to be tempered by social structure.” Me: “That’s what us progressives believe.”

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Wingmen: Put your money where your mouth is


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wingmen1025Should the public sector invest its savings based on our social values?

Of course we should! That such a question can even be debated speaks volumes about what our values are: making money. Though, as my TV arch nemesis Justin Katz points out, it would be a great follow up if that gun stock turns out to be a real dog!

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