How Rich Old White Men Are Taking Lunch Money Away From Inner-City Black Kids
http://www.alternet.org/economy/how-rich-old-white-men-are-taking-lunch-money-away-inner-city-black-kids
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Rich White Male Tax Avoidance
According to a Standard and Poor's analysis, average annual state tax revenue fell from 10% to 5% between 1980 and 2011, even as the share of total income for the top 1% of earners doubled. The top 10% and the top 500 CEOs are predominately white males. Our country's missing tax revenue can be found in their growing stock portfolios.
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Corporate Tax Cheats
Walgreens and Burger King are the most recent manifestations of the so-called inversions that allow companies to skip out on the country that made them successful. They don't want to pay for decades of publicly funded research in technology and medicine; a legal system that protects patents and intellectual property; infrastructure, including roads and seaports and airports to ship their products; unprecedented amounts of local and national security, a nationwide energy grid to power factories, emergency management (FEMA) to clean up industrial accidents.
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State School Funding Gone
Overall spending on K-12 public school students fell in 2011 for the first time since the Census Bureau began keeping records over three decades ago. The cuts have continued to the present day.
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Broken-Down Schools
In the last year about 75 schools have been closed in Philadelphia and Chicago, almost all of them in black neighborhoods.