Clicky

The American Bazaar

  • Home
  • The American Bazaar

The American Bazaar www.americanbazaaronline.com
The definitive news source of all things Indian American. A portal that covers Indian American business, finance, technology, politics, immigration, entertainment and fashion.

Read columns, blogs and interviews.

Operating as usual

Indian origin Amrapali ‘Ami’ Gan, CEO of content-sharing website OnlyFans, is one of this year’s “Time 100 Next,” honori...
01/10/2022
Indian American Ami Gan among ‘Time 100 Next’

Indian origin Amrapali ‘Ami’ Gan, CEO of content-sharing website OnlyFans, is one of this year’s “Time 100 Next,” honoring 100 rising stars from various fields across the world.

Gan is joined by Indian tycoon Akash Ambani and British-Pakistani actress Nida Manzoor

Entitled, “Shefs at the Leela,” the evening will be honoring ladies whose unique spin on their desi roots is making ever...
01/10/2022
Women chefs from US, Canada, India to create Indian heritage cuisine

Entitled, “Shefs at the Leela,” the evening will be honoring ladies whose unique spin on their desi roots is making everyone sit up and take note of Indian cuisine all over the world.

The idea is to celebrate women and create a holistic vision of Indian cuisine on world gourmet map

As once the call of sports was strong, now it’s gaming that is keeping millions hooked. A combination of lockdowns, spee...
01/10/2022
Top tech trends to watch in iGaming industry

As once the call of sports was strong, now it’s gaming that is keeping millions hooked. A combination of lockdowns, speed-of-light advance of technology, innovation and improving connectivity have converted many thousands to the thrills of iGaming.

Short for interactive gaming, iGaming refers to games played on smartphones, tablets or laptops

Tens of thousands of Indians stuck in decades long green card backlog may get a broader pathway to permanent residence u...
30/09/2022
US legislation to broaden legal pathway to citizenship

Tens of thousands of Indians stuck in decades long green card backlog may get a broader pathway to permanent residence under bills introduced by Democrats in the US House and the Senate.

Bill eases path for 8 million people, including Dreamers, H-1B and long-term visa holders

Researchers find digital cryptocurrency Bitcoin mining is more similar to impacting the environment with extracting and ...
30/09/2022
Why is Bitcoin mining worse than gold mining?

Researchers find digital cryptocurrency Bitcoin mining is more similar to impacting the environment with extracting and refining crude oil than gold mining.

Researchers suggest potential regulation on Bitcoin mining as it has failed to meet any sustainability criteria

A presidential commission on Asian Americans and Pacific Islanders has unanimously approved a recommendation for the pro...
30/09/2022
H-1B visa stamping may soon be allowed inside the US

A presidential commission on Asian Americans and Pacific Islanders has unanimously approved a recommendation for the provision of stamping of H-1B visas for high skilled foreign workers inside the US.

Move will bring major relief to Indian professionals who get bulk of visas for high skilled foreign workers

Four Indian Americans figure among the 400 wealthiest Americans in The Forbes 400 2022 list topped by Elon Musk making h...
29/09/2022
Four Indian Americans among Forbes 400 2022

Four Indian Americans figure among the 400 wealthiest Americans in The Forbes 400 2022 list topped by Elon Musk making his debut “despite all the turmoil in both his professional and personal lives.

The list of wealthiest Americans includes Jay Chaudhry, Vinod Khosla, Romesh Wadhwani, Rakesh Gangwal

After his own encounter with a rabid fox on Capitol Hill in April, Indian American lawmaker has introduced comprehensive...
29/09/2022
Ami Bera introduces legislation to reduce costs of rabies vaccine

After his own encounter with a rabid fox on Capitol Hill in April, Indian American lawmaker has introduced comprehensive legislation to reduce the costs of rabies post-exposure treatment for uninsured individuals.

Indian American Congressman himself was bitten by a rabid fox on Capitol Hill in April

The Greenback cutthroat trout, Colorado’s state fish, considered nearly extinct since the 1930s, had been bought back to...
29/09/2022
Extinct fish brought back to life 100 Years after

The Greenback cutthroat trout, Colorado’s state fish, considered nearly extinct since the 1930s, had been bought back to life by biologists from Colorado Parks and Wildlife (CPW), after more than a decade of “intensive” efforts.

Revival of long extinct dinosaurs or mammoth elephants is no longer confined to fiction or Hollywood movies

As crimes against minorities continue to be on the rise in the country, the latest report emerging from New York is yet ...
29/09/2022
Indian-American Uber Eats Delivery Person Stabbed Several Times in US

As crimes against minorities continue to be on the rise in the country, the latest report emerging from New York is yet another incident of unprovoked violence against Indian Americans.

‘Nobody helped’ as ‘super perp’ with 103 prior arrests allegedly stabbed him

Five Indian Americans are among nearly 80 preeminent women in business, along with select leaders in government, philant...
28/09/2022
5 Indian Americans to address Fortune Most Powerful Women Summit

Five Indian Americans are among nearly 80 preeminent women in business, along with select leaders in government, philanthropy, education, sports, and the arts, who will speak at the 2022 Fortune Most Powerful Women Summit.

2022 speaker lineup includes Amrita Ahuja, Sumbul Ahmad Desai, Reshma Saujani, Shamina Singh, Manjula Talreja

Indian football legend Sunil Chhetri, third highest active men’s international goal-scorer after Cristiano Ronaldo and L...
28/09/2022
FIFA pays tribute to Indian 'Captain Fantastic’ Sunil Chhetri

Indian football legend Sunil Chhetri, third highest active men’s international goal-scorer after Cristiano Ronaldo and Lionel Messi, is the subject of a new FIFA short series ‘Captain Fantastic’ celebrating his life.

Directed by Indian filmmaker Misha Kumar, short series is an intimate portrayal of the Indian football legend

US Secretary of State Antony Blinken has assured visiting Indian External Minister S. Jaishankar that it plans to addres...
28/09/2022
US to address backlog of visa applications from Indians

US Secretary of State Antony Blinken has assured visiting Indian External Minister S. Jaishankar that it plans to address the huge backlog of visa applications from Indian nationals.

Blinken assures Jaishankar “This will play out over the next few months, but we're very focused on it”

Four Indian American teens have received the Gloria Barron Prize for Young Heroes, a national award recognizing inspirin...
27/09/2022
Four Indian American teens win Gloria Barron Prize for Young Heroes

Four Indian American teens have received the Gloria Barron Prize for Young Heroes, a national award recognizing inspiring, public-spirited young people. Two others received honorary awards.

Prize honors young leaders making a significant positive difference in people’s lives, their communities, and the environment

Indian American doctor-economist Jay Bhattacharya has received the 16th Doshi Bridgebuilder Award in recognition of his ...
27/09/2022
Indian American doctor-economist wins 16th Doshi Award

Indian American doctor-economist Jay Bhattacharya has received the 16th Doshi Bridgebuilder Award in recognition of his consequential research focusing on the economics of health care around the world.

The award is given annually for fostering understanding between cultures, peoples and disciplines

After 10 months of space journey, NASA’s Double Asteroid Redirection Test (DART) successfully impacted its asteroid targ...
27/09/2022
When do we know DART deflected asteroid Dimorphus?

After 10 months of space journey, NASA’s Double Asteroid Redirection Test (DART) successfully impacted its asteroid target Dimorphus at 7.14 pm EDT on Monday in a bid to alter the asteroid’s orbit.

At its core, DART represents an unprecedented success for planetary defense: NASA

Last month, a video that went viral emerging from Texas caught the collective attention of minorities in America. Four I...
27/09/2022
Texas woman sued for abusing four Indian American women

Last month, a video that went viral emerging from Texas caught the collective attention of minorities in America. Four Indian American women were harassed and attacked by another woman in a racist vitriol.

“Life has not been the same since the incident, to put it lightly,” says victim Bidisha Rudra

Students from the US are set to install over six solar powered weather stations in three states in India in the coming m...
26/09/2022
US Students to conduct air pollution research in India

Students from the US are set to install over six solar powered weather stations in three states in India in the coming months with 5,000 participants joining climate change workshops across the country.

5,000 participants to join climate change workshops under India Initiative of CUNY CREST Institute

At a time when space exploration is booming with NASA’s spacecraft smashing into an approaching asteroid, we are still g...
26/09/2022
Sound powered underwater camera can change ocean floor exploration

At a time when space exploration is booming with NASA’s spacecraft smashing into an approaching asteroid, we are still grounded when it comes to exploring depths of our own planet’s ocean floor. But now, a solution is here with an underwater wireless camera that uses no battery power but sonic energy.

Without a power source, the camera could run for weeks undersea to search deep and remote parts of the ocean

Many leaders of India’s opposition Congress party are vying for the party president’s post following the leadership’s de...
26/09/2022
Is Shashi Tharoor a viable contender for India’s Congress party president?

Many leaders of India’s opposition Congress party are vying for the party president’s post following the leadership’s decision to hold elections for the top job, defying claims that it’s exclusively held by the Gandhi family.

Tharoor is the guardian of the Congress's view of secularism, which is fiercely contested at the moment

Washington area residents were in for a theatrical treat during the Sep 16-18 weekend as Take 2 Creations, in partnershi...
26/09/2022
Aajir: A theatrical treat beautifully merging story, music and dance

Washington area residents were in for a theatrical treat during the Sep 16-18 weekend as Take 2 Creations, in partnership with Friends of Sparsh, presented their latest artistic endeavor, a Hindi musical dramatic play – ‘Aajir.’

The play explores a question we don’t dwell on enough – what creates bo***ge for us?

The 2022 Hope Gala was an evening to remember. Hosted by the SKN Foundation, close to 250 guests gathered in New Brunswi...
24/09/2022
2022 Hope Gala spotlights South Asian community’s heart health

The 2022 Hope Gala was an evening to remember. Hosted by the SKN Foundation, close to 250 guests gathered in New Brunswick, New Jersey this past Friday to help bring awareness to heart health in the South Asian community.

SKN Foundation hosts star-studded evening in New Brunswick surrounding children’s wellbeing and heart health

Saying a strong India means a strong US, influential US lawmakers have vowed to work towards strengthening the relations...
24/09/2022
Key US lawmakers advocate stronger India-US ties

Saying a strong India means a strong US, influential US lawmakers have vowed to work towards strengthening the relationship between the world’s two largest democracies at a time when the world is facing numerous challenges.

Join AAPI celebration of India’s 75th independence anniversary on Capitol Hill

This West coast jewel alias Galway is Ireland’s most sociable city, walkable and abounding with independent shops and re...
24/09/2022
Gorgeous Galway: West coast jewel of Ireland

This West coast jewel alias Galway is Ireland’s most sociable city, walkable and abounding with independent shops and restaurants that walk the thin line between casual and chic.

It’s artsy and refined the whole year round, but Galway spurts into a mirage of wild celebrations each July

The South Asian Engagement Foundation (SAEF) is celebrating 75 years of Indian independence and the story of the Indian ...
23/09/2022
SAEF to celebrate Indian Americans at One World Trade Center

The South Asian Engagement Foundation (SAEF) is celebrating 75 years of Indian independence and the story of the Indian American community with three compelling animation themes at One World Trade Center.

Three compelling animation themes to depict Indian American community’s rich heritage and cultural roots

With her confirmation by the Senate Indian American scientist Dr. Arati Prabhakar has created history as the first woman...
23/09/2022
Dr. Arati Prabhakar confirmed to top White House science job

With her confirmation by the Senate Indian American scientist Dr. Arati Prabhakar has created history as the first woman, immigrant and person of color to serve as director of the White House Office of Science and Technology Policy (WHOSTP).

Indian American scientist creates history as first woman, immigrant and person of color to serve as director of WHOSTP

An Indian origin man has been arrested and charged with criminal mischief as a hate crime for allegedly smashing a statu...
23/09/2022
Queens man charged with hate crime for destroying Gandhi statue

An Indian origin man has been arrested and charged with criminal mischief as a hate crime for allegedly smashing a statue of Mahatma Gandhi in front of a Hindu temple last month.

Indian origin man faces up to 15 years in prison for allegedly smashing statue outside Hindu temple

Young Indian American Democrat Neil Misra is running for election to the New Hampshire House of Representatives to repre...
22/09/2022
Indian American Neil Misra running for New Hampshire House

Young Indian American Democrat Neil Misra is running for election to the New Hampshire House of Representatives to represent Rockingham 25. The district is currently represented by Democrat Laura Pantelakos.

Son of immigrants running to provide “a fresh perspective and dynamic leadership to a stagnant legislature”

Indian-American Neha Narkhede, co-founder of Confluent, a streaming data technology company, now figures in the IIFL Wea...
22/09/2022
Neha Narkhede figures in IIFL Wealth Hurun India Rich List 2022

Indian-American Neha Narkhede, co-founder of Confluent, a streaming data technology company, now figures in the IIFL Wealth Hurun India Rich List 2022 as the youngest self-made woman entrepreneur.

Indian-American co-founder of Confluent is the youngest self-made woman entrepreneur on the list

Researchers at Kyoto University in Japan are busy building a humanoid robot with more empathic AI systems and teaching i...
22/09/2022
Here's a laughing robot as companion in future

Researchers at Kyoto University in Japan are busy building a humanoid robot with more empathic AI systems and teaching it how to laugh at your jokes giving you a realistic companion especially for an aging society.

Scientists are trying to make it more normal instead of just maniacally laughing at your jokes

Former Starbucks chief operating officer Troy Alstead has joined the board of directors of the Indian fast-casual restau...
21/09/2022
Former Starbucks exec Troy Alstead joins RASA's board

Former Starbucks chief operating officer Troy Alstead has joined the board of directors of the Indian fast-casual restaurant RASA as an independent member.

Indian fast-casual restaurant believes Alstead will help it pursue its mission of making Indian cuisine accessible

Google and Alphabet’s Indian American CEO Sundar Pichai says his company has long supported immigrants, Dreamers, and re...
21/09/2022
Sundar Pichai gets Atlantic Council’s Global Citizen Award

Google and Alphabet’s Indian American CEO Sundar Pichai says his company has long supported immigrants, Dreamers, and refugees as it’s a cause that’s embedded in Google’s DNA and it’s one he cares deeply about.

Pichai says Google has long supported immigrants, Dreamers, and refugees, a cause embedded in its DNA

Producer turned director Naveen Chathapuram’s latest thriller, ‘The Last Victim,’ starring Ron Perlman and Ali Larter is...
21/09/2022
‘The Last Victim,’ is a neo-Western noir thriller: Naveen Chathapuram

Producer turned director Naveen Chathapuram’s latest thriller, ‘The Last Victim,’ starring Ron Perlman and Ali Larter is a labor of love that was conceptualized 15 years ago!

Indian American director talks to the American Bazaar about the joys and challenges of delving into an independent project

Two Indian Americans and an Indian student are among the five finalists for this year’s Children’s Climate Prize all of ...
20/09/2022
Two Indian Americans among Children's Climate Prize 2022 finalists

Two Indian Americans and an Indian student are among the five finalists for this year’s Children’s Climate Prize all of whom make extraordinary contributions to the environment and climate.

100,000 Swedish Krona prize is awarded annually for making extraordinary efforts for the climate and environment

NASA has released the sound of a meteoroid striking Mars that was captured by Insight lander, a month after it released ...
20/09/2022
Sound of meteoroid? InSight lander captures it live on Mars

NASA has released the sound of a meteoroid striking Mars that was captured by Insight lander, a month after it released the sound of a Black Hole. Even the sound of Sun was also released by NASA in 2018, bringing space enthusiasts nearer to experience what’s happening out there.

Besides the usual seismic data from Marsquakes, meteoroid strikes will be critical to refining Mars’ timeline

Indian American economist Aaron “Ronnie” Chatterji has been named White House Coordinator for the implementation of the ...
20/09/2022
Ronnie Chatterji to lead $50 billion CHIPS for America program

Indian American economist Aaron “Ronnie” Chatterji has been named White House Coordinator for the implementation of the CHIPS and Science Act’s historic $50 billion investment in the semiconductor industry at the National Economic Council (NEC).

Indian American economist to coordinate implementation CHIPS and Science Act to give the US a competitive edge

Award winning Indian journalist Ravish Kumar known for his brave, often lone voice, is in news again. A new feature docu...
20/09/2022
Film on Indian journalist Ravish Kumar wins award at TIFF 2022

Award winning Indian journalist Ravish Kumar known for his brave, often lone voice, is in news again. A new feature documentary, titled ‘While We Watched,’ featuring Kumar has won an award at Toronto International Film Festival 2022.

Filmmaker Vinay Shukla’s turbulent newsroom drama wins the ‘Amplify Voices Award' at Toronto festival

With a $10 million gift from Parag and Usha Saxena, parents of three of its graduates, Brown University will elevate and...
19/09/2022
Saxenas gift $10 million to expand Brown scholarship on South Asia

With a $10 million gift from Parag and Usha Saxena, parents of three of its graduates, Brown University will elevate and extend the global reach of its groundbreaking teaching and research on issues of modern South Asia.

Saxena Center set to expand its footprint in research, teaching, public policy and programming

President Joe Biden has lauded the Asian American Unity Coalition (AAUC) for using the power of civic engagement to exer...
19/09/2022
Biden lauds AAUC for working for Asian American political empowerment

President Joe Biden has lauded the Asian American Unity Coalition (AAUC) for using the power of civic engagement to exert its clout and influence as part of its march toward political empowerment.

Conclave of 13 community organizations gives Call-to-Action ‘to create the change we want to see in the US’

On Friday, Sep 16, the US market sent out signals of an imminent economic slowdown with FedEx Corp registering a sharp d...
19/09/2022
Early signs of economic slowdown here again?

On Friday, Sep 16, the US market sent out signals of an imminent economic slowdown with FedEx Corp registering a sharp drop in package deliveries, its shares suffering a loss of 21%, its biggest percentage drop ever.

‘Clearly what IMF had characterized as a global economic slowdown has only intensified in recent weeks and months’

After over a decade of working in advertising, Megha Desai pivoted to a career in social impact. Through the Desai Found...
17/09/2022
Desai Foundation readies itself for the Lotus Festival

After over a decade of working in advertising, Megha Desai pivoted to a career in social impact. Through the Desai Foundation, she has leveraged her industry expertise to create transformational partnerships and programming both in the United States and in India.

Megha Desai, the president of the Desai Foundation, discusses scaling impact, resilience, and the upcoming Lotus Festival

As 75 Indian American organizations came together to celebrate “Azadi Ka Amrit Mahotsav” — 75th anniversary of India’s I...
16/09/2022
75th anniversary of India’s Independence celebrated at US Capitol

As 75 Indian American organizations came together to celebrate “Azadi Ka Amrit Mahotsav” — 75th anniversary of India’s Independence — at US Capitol, Indian Prime Minister Narendra Modi called Indian diaspora as “admirable ambassadors for our nation.”

Indian diaspora have spread the fragrance of Indian values by living them, says Narendra Modi

Lav Varshney, an Indian American professor of engineering, computer science, and neuroscience at the University of Illin...
16/09/2022
Lav Varshney among 2022-2023 class of White House fellows

Lav Varshney, an Indian American professor of engineering, computer science, and neuroscience at the University of Illinois, is among 15 exceptional young leaders chosen for 2022-2023 class of White House Fellows.

Indian American professor placed at the National Security Council as Deputy Advisor for Cyber and Emerging Technology

The meltdown of Facebook’s parent Meta Platforms Inc remains unabated as Tuesday witnessed a whopping 9.4% daily slide, ...
16/09/2022
What's the limit for Facebook’s market meltdown

The meltdown of Facebook’s parent Meta Platforms Inc remains unabated as Tuesday witnessed a whopping 9.4% daily slide, falling behind Visa or other tech giants.

Zuckerberg's $10 billion bet on metaverse, terming it as the internet’s next generation is far from paying off

India born political activist, women’s rights advocate, and human rights campaigner, Shefali Razdan Duggal has been conf...
15/09/2022
Shefali Razdan Duggal confirmed as US envoy to the Netherlands

India born political activist, women’s rights advocate, and human rights campaigner, Shefali Razdan Duggal has been confirmed by the US senate as the country’s new ambassador to the Netherlands.

A Kashmiri born in Haridwar, her story “represents the infinite possibilities of the American spirit and the American dream”

Every 40 seconds someone takes their own life somewhere in the world, while there is one death by su***de every 11 minut...
15/09/2022
Why do people take their own lives?

Every 40 seconds someone takes their own life somewhere in the world, while there is one death by su***de every 11 minutes in America with a mind blowing 1.3 million people attempting su***de each year.

AAPI marks World Su***de Prevention Day with webinar to bring awareness on this critical issue

Those from the Generation X, who grew up in India during the 1990s, would know what a phenomenon Shah Rukh Khan-Kajol st...
15/09/2022
Come Fall In Love --- The DDLJ Musical in San Diego

Those from the Generation X, who grew up in India during the 1990s, would know what a phenomenon Shah Rukh Khan-Kajol starrer movie ‘Dilwale Dulhaniya Le Jayenge’ or ‘DDLJ’ entailed.

US stage musical reframes the iconic movie as the love story of an Indian American woman and a white American man

Amid China’s allegations of imposing a new space regime and restricting Beijing and Moscow from mining moon in the futur...
15/09/2022
Space junk takes center-stage again

Amid China’s allegations of imposing a new space regime and restricting Beijing and Moscow from mining moon in the future, the US space agency NASA has announced a unilateral move to address the ever-growing space junk crisis.

NASA is funding three studies to research and analyze orbital debris, according to NASA scientist Bhavya Lal

India’s Commerce and Industry Minister Piyush Goyal was presented a book on the phenomenal rise of Indian Americans in d...
14/09/2022
Book on rise of Indian Americans presented to Indian minister

India’s Commerce and Industry Minister Piyush Goyal was presented a book on the phenomenal rise of Indian Americans in diverse fields by M R Rangaswami, founder of Indiaspora, in Palo Alto, California last week.

Inspired by Kamala Harris, the book evidences the progress and accomplishments of the Indian-American diaspora

Address


Telephone

+12027097010

Alerts

Be the first to know and let us send you an email when The American Bazaar posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to The American Bazaar:

Videos

Comments

THANK YOU
FBI, at least two other federal departments, the Department of Homeland Security and the Department of Labor,
USINPAC presents AMERICA VOTES 2020 Political LeaderSpeak Hour. Where our experts will discuss why the winners came out on top? What could the losers have done? What should we expect during the coming days? Join us, Amb. Howard Gutman, Kishan Putta, Art Estopinan, Asheesh Agarwal and our media partner The American Bazaar on Wednesday November 4th at 12:00 pm EST 9:00 am PST on Facebook Live.
https://fb.watch/1yDchyxhMe/
John, THESE are just a few of American Indian's who have left the Reservation's to make a better life for themselves and their loved ones.
information
Bonjour comment tu vas
Hi Everyone. I have my h1b approved this year and came India to visit my family. However, I cant go back to the states as my visa is unstamped. Is there anyone like me facing the same issue? If yes, are there any updates or is it just like a wait and watch game? The reason I am putting a post here is that I cant work remotely and have a huge student loan to pay along with the monthly rentals in the US.
Swamiji Wins Appeal in Atlanta, Georgia!

Way to go ..... Kerala lead the way...
What is Wrong with Ro Khanna?
By Dr. Ramesh Rao on Sep 30, 2019 04:45 pm
http://indiafacts.org/what-is-wrong-with-ro-khanna/
😕
I am reaching out far and wide. Please Share/Help she's in a bad situation. I'm raising money for Please Help Save Granddaughter from Crazy Drug Mom. Click to Donate: https://www.gofundme.com/please-help-save-granddaughter-from-crazy-drug-mom&rcid=r01-155966385448-b934594d0ffc4135&pc=tw_co_campmgmt_w … via
An Economy and a Future That Includes All Our Citizens!

As much as we might hate it the 2020 election season started the second the mid-terms were over. Many old hats on the left were surprised that many of the young Democratic candidates won while espousing progressive policies and goals. If this is any indication then to win in 2020 Democrats need to offer the poor and middle class a new, 'New Deal'.
Damaged and disheartened, lied to and taken advantage of by the wealthy and those determined to hold power at any cost, they are yearning for relief and someone to actually do something to better their circumstances, and give them hope for a better future for them and their children. Healthcare for all, Free tuition at public colleges, Social Security at age 50 and some form of a limited Universal Basic Income to lift all our citizens out of abject poverty and give all our children a financial platform with which to begin their lives as productive adults in a thriving economy.
I watched an episode of the business program ‘On the Money’ on Sunday July 30, 2017. The first and main topic was something called Universal Income. The idea that instead of all the poverty programs and such, the Government should just give everybody a check every month for $1000 dollars. When one considers the gap between rich and poor, the rate of automation and the fact that there will never be enough jobs to go around it might be a better way of keeping our folks out of abject poverty. The drawback was the cost. One of the commentators said it would cost upwards of 3 trillion dollars. However there is a way to reach the goal of a Universal Income, eliminating abject poverty, and at a much lower cost. Here’s how.
Start by expanding Social Security. Eliminate the cap on taxable income and raise the tax to 8% from the current rate of 6.2%. Then lower the age of eligibility to 50 years.
Create a stipend that will give a check to all adults and High School Grads of $1000 a month. Those who do not finish High School should have to wait till they are 20 to encourage them to finish school. They can use this fund to support them if they go to college or to help them in getting started in life. Our wealthy students are able to go to college and do well precisely because they have a financial platform to support them. This would give all our students the same support. Every child we shepherd thru College is possibly the guy who will cure cancer or invent star drive or save the planet. Investing in our children is like buying a lottery ticket for humanity! To pay for it, go to the Stock Market and place a tax of 3% on all trades to fund the stipend. The market in 2016 did, according to the World Bank, over 42 trillion in trades and a 3% tax won’t break the bank. The payments should be set up so one gradually loses the stipend as they move up the economic ladder in a way that will encourage advancement, for example one would lose $100 of the stipend for every $10,000 in reported income so that when one is making $100,000 a year they lose the stipend entirely. A basic stipend would allow us to eliminate all those poverty programs conservatives always complain about. Currently we spend a trillion dollars on some 126 anti-poverty programs and their elimination would certainly offset the cost of the stipend.
Imagine the country with no one in abject poverty. Imagine the numbers of kids now being able to go to college because they have the financial support to do so. The economic force of all that spending would drive the economy to new heights and would certainly close the income gap between the rich and poor that is hurting our economy and country.
A basic stipend would free workers from starving or being held in economic servitude, making only enough to pay for enough food to be able to work another 40 hours. Business would have to bid for one’s labor instead of workers begging for a job! We can take back the dignity and value our labor should produce. We can boost the spending power of the poor and middle class and leave behind the failed and greedy policy of ‘trickle down’ economics which has damaged our economy and brought about the latest version of the Great Recession! Employers would benefit too. Not having to spend on unemployment or health insurance would save them money and allow them to pay better wages.
Yep, we can do this if we only have the will. We can make this country live up to the promises articulated by President Roosevelt in his famous ‘Four Freedoms” speech, Freedom of Speech, Freedom of Worship, Freedom from Fear and the last which always seems to be forgotten, Freedom from want! We have the power and wealth to accomplish the last of these. The mechanics are in place. The tools are available to us. Let us make a better country and thereby a better world by finishing the work set out for us by President Roosevelt some 76 years ago.
Democrats can win but not with the same old mid-center or center-left policies and platform. They must offer us an economy and a vision that really works for us all, brings us together and moves the Country and its people forward to a bright future that includes all our citizens!
Teco’s trash removal and demolition 781 350 8001