US billionaires have regained $565 billion in wealth since the pit of the crisis
The past three months have been financially painful for many Americans — but not for billionaires.US billionaires have become $565 billion richer...
Category: Inequality
Billionaires’ Net Worth Rises During Pandemic As Millions Go Unemployed
U.S. billionaires’ wealth grew substantially over the last two months even as tens of millions of Americans lost their jobs,...
Big Oil Takes $1.9 Billion in Tax Breaks Intended for Small Businesses
Sen. Bernie Sanders was among critics outraged that the fossil fuel industry is using tax breaks in the CARES Act...
How the Republicans are stealing everything for the 1 percent
Enjoy your $1,200 one-time consolation prize for losing your livelihood, your way of life, and your economic security in this...
Right-Wing Austerity Set New Orleans Up to Be a Coronavirus Disaster
New Orleans — Back in 1997, when Steve Scalise was a Louisiana state representative, he joined other right-wing lawmakers in...
Rand Paul’s Office Won’t Say How He Got Coronavirus Tested Before Sick People
Sen. Rand Paul’s office has refused to say how the Senator from Kentucky was able to get tested for coronavirus...
Slices of Real Pie Show the Huge Wealth Gap in the U.S.
A four minute video that aired on CBS Friday morning was praised for using slices of real pie to show the huge...
Inequality in the Trump economy just keeps getting worse
Every month when the Bureau of Labor Statistics releases its monthly jobs report, Donald Trump and Republicans crow about the...
New data shows income of top 1 percent has grown 100 times faster than bottom 50 percent since 1970
New data released Monday explains the numbers behind Sen. Bernie Sanders’ often-cited statistic that the three richest Americans hold more...
Trump Takes Food Away From 755,000 Americans Before Christmas
The Trump administration has finalized a rule change to the SNAP program that will take away food from 755,000 Americans...
Warren Suggests Corporate Media Ask Working People, Not Just the Very Rich, About Her Wealth Tax
Sen. Elizabeth Warren on Wednesday evening called out the news media for focusing their coverage of her proposed Ultra-Millionaires Tax largely...
Robert Reich: Billionaires fear Warren and Sanders – but they should fear us all
Billionaires are wailing that wealth tax proposals by Elizabeth Warren and Bernie Sanders are attacks on free-market capitalism. Warren “vilifies...
Democrats Take Aim at ‘Trust Fund Babies’ With Estate Tax Designed to Combat Wealth Inequality
California Congressman Jimmy Gomez on Friday introduced legislation in the Democrat-controlled U.S. House that aims to address “our country’s rapidly...
Trump Responds To Impeachment By Trying To Take Away Free School Meals From A Million Kids
The Trump administration is trying to change eligibility requirements so that 1 million kids would lose access to free school...
America’s richest 400 families now pay a lower tax rate than the middle class
The U.S. tax system is supposed to be progressive, meaning that wealthier households pay a larger share of their income...
Cutting Health Benefits of 1,900 Whole Food Workers Saved World’s Richest Man Jeff Bezos What He Makes in Less Than Six Hours
When billionaire Jeff Bezos cut health benefits on September 13 for part-time workers at his grocery store Whole Foods the...
AFL-CIO Chief: Trump Has Opposed Every Increase in the Minimum Wage
In an interview ahead of Labor Day, AFL-CIO chief Richard Trumka said workers across the nation are suffering under President...
Robert Reich: It’s Trump And His Oligarch Friends Against Everyone Else
I keep hearing that the Democratic party has moved “left” and that Democratic candidates may be “too far left”. But...
‘Eye-popping’ analysis shows top 1% gained $21 trillion in wealth since 1989 while bottom half lost $900 billion
Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published Friday found that the top one percent of...
Uber founder buys $72.5 million mansion as Uber drivers live in their cars
As rideshare drivers across the U.S. and around the world continue to struggle for decent wages, benefits, and the basic right to...
Top one percent gained $21 trillion in wealth since 1989 while bottom half lost $900 billion
Adding to the mountain of statistical evidence showing the severity of U.S. inequality, an analysis published Friday found that the top one percent of...
Robert Reich: The 12 biggest myths about raising taxes on the rich
Some politicians are calling for higher taxes on the rich. Naturally, these proposals have unleashed a torrent of opposition –...
The Trump-GOP Tax Law Continues To Crater As Refunds Plummet By 17 Percent
The Trump-Republican tax scam continued to rear its ugly head for the third straight week as figures released late Friday...
The gap between productivity and worker pay has increased dramatically since 1973
Most Americans believe that a rising tide should lift all boats—that as the economy expands, everybody should reap the rewards....
World’s 26 richest people own as much as poorest 50%
The growing concentration of the world’s wealth has been highlighted by a report showing that the 26 richest billionaires own...
Trump’s economy is great for billionaires, not for working people: Bernie Sanders
Donald Trump tells us the US economy is “absolutely booming”, the “strongest we’ve ever had” and “the greatest in the...
What does Alexandria Ocasio-Cortez know about tax policy? A lot. — Paul Krugman
I have no idea how well Alexandria Ocasio-Cortez will perform as a member of Congress. But her election is already...
“Speaker Ryan will always be remembered for rigging the system to prioritize the wealthy”
As House Speaker Paul Ryan (R-Wis.) delivered his farewell address on Wednesday after 20 years of relentlessly working to gut social programs for the...
Top Priority of Republican Congress: Give More Money To Billionaires
An interesting thing about politics is how you can distill so many nuanced policies down to a few core ideological...
The Tax-Cut Con Goes On: Paul Krugman
What will happen if the blue wave in the midterm elections falls short? Clearly, at this point it still might: Democrats...
UN Report: Inequality in the United States Reaching Dangerous Levels Due to Trump’s Polices
Donald Trump is deliberately forcing millions of Americans into financial ruin, cruelly depriving them of food and other basic protections...
Study Finds That Average CEO-To-Worker Pay Gap Has Now Reached 339 to 1
The first comprehensive study of the massive pay gap between the US executive suite and average workers has found that...
The Poor People’s campaign kicked off 40 days of nonviolent protest, reviving King’s anti-poverty efforts
Hundreds of low-wage workers, faith leaders, civil rights organizers and liberal activists were arrested in demonstrations in Washington and in...
HUD Secretary Ben Carson’s New Plan to Punish Poor People
Housing and Urban Development Secretary Ben Carson is proposing to increase rent for millions of low-income tenants in government-subsidized housing and impose stricter...
Elizabeth Warren Tells HUD Chief Ben Carson He Should Be Fired For Not Enforcing The Law
Sen. Elizabeth Warren (D-Mass.) tore into Housing and Urban Development Secretary Ben Carson on Thursday, ripping the former neurosurgeon for...
Bernie Sanders’ Economic Inequality Town Hall Attracts 1.7 Million Viewers
WASHINGTON ― Sen. Bernie Sanders’ televised town hall on economic inequality drew about 1.7 million live viewers during an online...
Bernie Sanders: The corporate media ignores the rise of oligarchy. The rest of us shouldn’t.
The rapid rise of oligarchy and wealth and income inequality is the great moral, economic, and political issue of our...
Oxfam Calls Out Donald Trump for Making Wealth Inequality Worse
The world’s richest 1 percent raked in 82 percent of the wealth created last year, according to a new report...
As The Rich Get Tax Cuts, More Americans Fall Into Extreme Poverty
The Republican Party that controls all branches of our federal government recently decided that the most important thing they could...
Bernie Sanders: Thousands Of Americans Will Die Because Of ‘Barbaric’ Trumpcare Plan
Sen. Bernie Sanders (I-Vt.) slammed Senate Republicans’ bill to repeal Obamacare as a “barbaric” plan that means thousands will die...
Wall Street Salary And Bonuses Show America’s Rich Are Getting Richer As Inequality Deepens
Wednesday’s big news on Wall Street wasn’t that for yet another year its average wage and bonuses put finance employees...
Bernie Sanders Unmasks Trump’s Budget Director as a Fraudster
Shortly after the Trump administration unveiled its controversial budget proposal for 2018, Sen. Bernie Sanders (I-VT) totally dismantled the plan...
Tucker Carlson Just Now Realizing Republicans Hate Poor People
Paul Ryan seems kind of surprised Tucker didn’t get the memo… Cenk Uygur, host of The Young Turks, breaks it...
U.S. income gap widened last year as top 1 percent gained most
WASHINGTON — Financial inequality became even wider in the United States last year, with average income for the top 1...
How America’s Superrich Are Cutting the Lifespan of the Poor
The American people have a deep sense of fairness. We are angry about the growing pay gap between the top...
The Revolt of the Middle Class
The great American middle class has become an anxious class – and it’s in revolt. Before I explain how that...
