By Scott Klinger | – ( Inequality.org ) – Shortly after emerging from his 10-minute space flight last week, Jeff Bezos thanked Amazon customers and employees for their primary role in paying for his Blue Origin joyride to the edge of space. The Amazon founder’s comments quickly elicited scorn from many employees who toil in […]
Around the World, Excessive Corporate Power Breeds Political Repression
By Manuel Perez-Rocha | – Free trade agreements and other neoliberal economic rules grant excessive privileges to transnational corporations, elevating their narrow interests above people’s livelihoods and the environment. Beyond mere economic prescriptions, neoliberalism also embraces repressive and anti-democratic measures. We are increasingly seeing this in the Northern Triangle of Central America, which includes Honduras, […]
The Decades-Long Struggle Over Big Corporations and Poverty Wages
By Phil Mattera | – ( Inequality.org ) – The Senate Parliamentarian dealt a strong blow to the Fight for $15 movement by ruling that a federal minimum wage increase could be included in the stimulus bill. Senator Bernie Sanders is pushing back with an amendment to take tax deductions away from large, profitable corporations […]
If We Want to Renew Democracy, We Need to Tax the Ultra-Wealthy
By Madeleine Johnsson | – ( Inequality.org ) – Sen. Elizabeth Warren and Rep. Pramila Jayapal’s Ultra-Millionaire Tax Act of 2021, introduced March 1, could not be a more timely reminder that the United States needs serious policy changes to address massive wealth and income inequality. While eight million Americans slipped into poverty and half […]
Taxes on the Rich: One-Sixth of What They Used to Be
By Bob Lord and Chuck Collins | – ( Inequality.org) – America hasn’t stopped taxing its wealthiest citizens entirely. But that’s where we’re headed. According to a new IPS briefing paper, the richest .01 percent of Americans, about 33,000 lucky souls today, now pay just one-sixth of what they used to pay in tax, when […]
Facing Holiday Rush, Frontlines Retail Workers Urge Billionaire Bosses to Share the Wealth
By Chuck Collins | – ( Inequality.org) – This essential workforce is hustling to help holiday shoppers while also organizing hazard pay and other COVID-19 protections. This Cyber Monday, frontline essential workers will be hustling to help holiday shoppers — while also fighting for dignity, hazard pay, and other protections as COVID-19 infection rates spike […]
The Federal Gov’t owns 92% of Student Debt. Will Biden Wipe it Out?
By Sarah Anderson and Margot Rathke | – ( Inequality.org) – Washington is abuzz with ideas for actions the Biden-Harris administration could take that would not require Congressional approval. One of the buzziest: cancellation of student debts owed to the federal government. The U.S. Department of Education owns about 92 percent of the $1.6 trillion […]
Trump Sold out Workers like Me
By Robert Morrison | – ( Inequality.org) – When I attended President Trump’s October 13 rally in Des Moines, I was disgusted by the lies I heard. Trump likes to brag about how many jobs he’s created. He likes to claim that he’s fulfilled his promise to be the “the greatest jobs president that God […]
For First time in History Twelve US Billionaires Have a Combined $1 Trillion
By Chuck Collins and Omar Ocampo | – For the first time in U.S. history, the top twelve U.S. billionaires surpassed a combined wealth of $1 trillion. On Thursday August 13, these 12 held a combined $1.015 trillion. This is a disturbing milestone in the U.S. history of concentrated wealth and power. This is simply […]
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