December 21, 2011
Thanks for the fascinating article about the Bradley Foundations financed by donations originating from the Koch and Scaife billions ("The right's $350 million idea train," Dec. 18). Too bad this wealth cannot be devoted to good works like alleviating poverty, ignorance and disease, as the Rockefeller and Carnegie fortunes did in the past and Gates, Buffet and Soros families are doing at present. Instead, the Bradley Foundation is acting as a "malefactor of great wealth," as Teddy Roosevelt famously put it, to peddle its extreme right-wing ideology.
October 4, 2012
Editor: Despite all the spin surrounding Mitt Romney's recent comment about the 47 percent of Americans who don't pay income taxes, there is an undeniable, sobering truth that lies in that number. And that's not the only number. While tax-and-spend politicians love to talk about the wealthy needing to "pay their fair share" of taxes, they seldom mention that approximately 70 percent of all federal income taxes are already paid by the wealthiest 10 percent of taxpayers. That's right, one out of 10 Americans must bear more than two-thirds of the nation's income tax bill while approximately half of Americans (the aforementioned 47 percent)
March 13, 2013
This business about the Ravens' salary cap is way beyond my comprehension ("Raven's tight salary cap could squeeze out playoff star Anquan Boldin if he doesn't accept less pay," March 10). But I know one thing: The more money one player receives, the less there is for the others. So I have a suggestion for Joe Flacco and his agent: Now that their record salary deal assures Mr. Flacco of the "respect I deserve," perhaps he can see fit to donate some of his millions to the team salary pool in order to help retain the many players who were absolutely key to the Ravens' victories in the playoffs and the Super Bowl . To ask players like Anquan Boldin to take a cut in pay after what he and others did for the team defies all logic and fairness.
April 20, 2011
"Shattuck sees 44 percent increase in package. " This was the headline in The Sun on Saturday, April 16. The accompanying article pointed out that Constellation Energy Group CEO Mayo A. Shattuck received $15.7 million in compensation for 2010, even as his company lost $1 billion. Something seems amiss here. Every year Mr. Shattuck gets a generous raise whether he does good or bad in his job. In February, 1994, Constellation/Baltimore Gas & Electric Co., retired about 800-plus employees.
March 12, 2010
WASHINGTON - Americans are recovering their shrunken wealth - gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight and was less than in the previous two quarters. The Federal Reserve said Thursday that net worth rose 1.3 percent in the fourth quarter to $54.2 trillion. It marked the third straight quarter of gains. Even with that increase, Americans' net worth would have to rise an additional 21 percent to get back to its pre-recession peak of $65.9 trillion.
January 27, 2012
MayorStephanie Rawlings-Blaketold Baltimore lawmakers Friday morning that any shift of the state's teacher pension costs to local governments must take into account the relative wealth of the jurisdiction -- saying the failure to do so is her "biggest disappointment" with Gov.Martin O'Malley's plan for a 50-50 split. The mayor said she would prefer not to see any shift of pension costs from the state, which now pays 100 percent of the tab, to the 23 counties and Baltimore. However, she said she understood that the state faces its own budget challenges and that the change has been coming a long time.