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A new report from the experts at the N.C. Budget and Tax Center paints a sobering picture of what the new “recovered” North Carolina economy really means for average people:

“North Carolina’s recovery from the Great Recession has been marked by slow job growth and persistent challenges for working families to make ends meet. The minimal job growth has been concentrated in low-wage industries, a new report finds, which will only make North Carolina’s economic recovery that much more difficult. Read More

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You know things have gotten pretty bad when even the head of the corporate oligarchs at Goldman Sachs starts speaking out against inequality. This is from a story posted by the good people at Think Progress:

“CEO of one of the world’s largest banks: Income inequality is ‘destabilizing’

Lloyd Blankfein, CEO of investment bank Goldman Sachs, called income inequality “very destabilizing” during an appearance on CBS “This Morning” on Thursday.

Arguing that the growing division between the top and bottom of income earners drives political divisions that makes it difficult to legislate and “deal with problems” and therefore “drive growth,” he said, “It’s a very big issue and something that has to be dealt with.”

Blankfein himself can be counted among the 1 percent who have been grabbing most of the country’s income growth, as he is the world’s best paid banker with a $2 million annual salary and tens of millions more in bonuses, adding up to a net worth of $450 million….

Read the rest of the article and watch Blankfein make his comments on CBS by clicking here.

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Some of the most damning facts about the state of North Carolina’s tax system and what the most recent changes enacted by state leaders really portend for average families — especially the state’s one-of-a-kind repeal of the Earned Income Tax Credit — were explained at a Budget and Tax Center press briefing this morning. This is from a statement the group released after the event:

“The tax plan passed by the General Assembly during the 2013 legislative session resulted in a tax shift onto working families. Advocates from around the state joined together on Tax Day to bring awareness to the plan, which is bad for working families, children, business, and the economy. Under the new plan, which will took effect in January 2014 and will impact income tax filing in 2015, low- and middle-income families will see their taxes go up on average, while wealthy taxpayers and corporations saw large tax cuts.   Read More

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ff-8292013It’s depressing as hell, but everyone who cares about North Carolina public policy should make this new report by the N.C. Budget and Tax Center’s Cedric Johnson: “Who Pays in 2014″ a part of their Tax Day reading list.

As Johnson reports:

“Changes are coming to who pays taxes in North Carolina, and the news is not good for middle- and low-income taxpayers. This tax season marks the final year taxpayers will file their income taxes under the state’s old tax code and by next year it will be apparent to many taxpayers that the tax plan has not just reduced available dollars for investing in core public services, but also has increased the tax load for many. Read More

NC Budget and Tax Center, Uncategorized

Yesterday I read about the new #BrandNCProject that the Department of Commerce had launched with UNC’s business school. News of the effort immediately drew mockery from some those who don’t like the direction the state is going in in comments sections of news articles and on Twitter.

The survey asks us what words best describe our enduring core values we hold as North Carolinians. The examples include kindness, diversity, loyalty, friendliness, compassion and courage.survey screen shot

“Enduring core values are basic fundamental principles that guide our individual behavior and both determine and reflect how we think and act toward others,” the survey’s instructions state.

I earnestly tried to answer this survey as a North Carolinian who cares deeply about my state’s future and wants its brand stand out, and as someone who wanted to possibly shape this project’s development.

I tried, but I couldn’t.  That’s because I believe holding values and practicing values are two different things. Building, sustaining and practicing “enduring core values” is hard work that is never completed. It takes investment and examination.

Living a principled life is a journey, maybe even a battle. It’s about the sum of our actions.

So maybe we should step back and reflect on some different questions: How are we as North Carolinians living up to our values?  Are we on the right path to being the friendly, diverse, compassionate, fair, creative place we aspire to be? If not, how do we get there?

However important a brand might be –and I don’t dispute it is— it just feels like our leaders are again putting appearances first. And that is not an enduring core value I want for my state.