The gist of “Where Have Maine’s Rich Gone?”, a new Maine Heritage Policy Center release, is that Maine doesn’t have very many rich people because they have fled the state to avoid Maine’s income tax. It suggests that taxes account for the difference between Maine and New Hampshire in the number and wealth of millionaires, while ignoring the fact that over three-quarters of New Hampshire residents live in Greater Boston… Read the rest
“Nearly half of Maine residents are living on the edge of financial disaster with almost no savings to fall back on in the event of a job loss, health crisis or other income-depleting emergency,” according to a new survey released today by Penquis, the community action agency serving northern and eastern Maine on behalf of the national, non-partisan Corporation for Enterprise Development (CFED). According to CFED’s 2013 Assets … Read the rest
“A foolish consistency is the hobgoblin of little minds.”
―Self-Reliance, Ralph Waldo Emerson, 19th American essayist
All leaders need followers. Despite Emerson’s call to be nonconformist, political leaders cannot say one thing and do another, at least not if they want people to follow them. They need to demonstrate reasoned thought and action.
Governor LePage has always articulated his principles, clearly and forcefully over and over. Until now. … Read the rest
Despite what Governor LePage had to say about protecting the needy when he released his budget last week, the reality is far different. Low- and middle-income Mainers will see their economic security further eroded by property tax increases and deep cuts to basic services if lawmakers go along with his plan.
This budget proposal is the culmination of a four-year, two-step process that began in 2011.
Step 1: Enact income … Read the rest
Maine ranks 21st in the number of low-income working families
A new study shows that 29% of Maine families cannot meet basic needs, even though they are working, often more than one job.
The number of low-income working families – sometimes called the working poor – totaled 37,000 in Maine in 2011 according to the Working Poor Families Project (WPFP) in a new report.
The report says:
… Read the rest
There is a
Our political leaders often are singularly focused on business growth as our economic savior.
And there is no doubt, businesses are vital as employers, purchasers, and investors.
But a recent study by the National Conference on Citizenship shows that our communities –and most important, citizens’ participation in community life –lowers unemployment.
The study shows when we vote, volunteer, and work with each other on community issues we are more apt … Read the rest