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 […]
Super-Rich making out like Bandits in Pandemic is an Argument for Basic Wealth Tax
By Lee Price and Bob Lord | – ( Inequality.org) – Changes in tax policy since 1980 have been driving U.S. inequality to levels not seen since the original Gilded Age. Reversing that trajectory — and restoring a more egalitarian society — will require a complete overhaul of the changes in tax policy we’ve seen […]
The 1%’s attack on Unemployment Benefits is a Sign of our Broken Democracy
By Adam Shah | – ( Inequality.org ) – Members of the One Percent, such as former restaurateur Andrew Puzder, have urged Congress to not renew the $600 a week unemployment supplement Congress enacted as part of the CARES Act. They argue, in Puzder’s words, that “this $600 per week bonus is discouraging work” for […]
As 38.6 Million File for Unemployment, Wealth of Billionaires surged $435 Bn
By Omar Ocampo and Chuck Collins | – ( Inequality.org) – The number of U.S. citizens filing for unemployment increased to 38.6 million since March 18, according to the Bureau of Labor Statistics. Over the same two months, the wealth of U.S. billionaires has surged $434 billion – an increase of 15 percent. The combined […]
Will Covid-19 Crisis bring Americans together Across Race or Will they Double down on Razing Safety Net?
By Lewis M. Steel< | - ( Inequality.org) – The new book by New York Times economics reporter Eduardo Porter, American Poison: How Racial Hostility Destroyed Our Promise, is not for the faint of heart. According to Porter, America’s struggling white middle class, and especially those without college or advanced degrees who once worked in […]
The Middle East was beset by Terrorism; now it Faces Coronavirus and Economic Freefall
By Colin Powers| – ( Inequality.org ) – As acutely as COVID-19 and related policy responses are widening inequality in the United States, the pandemic’s biased effects threaten to be even more pronounced in many parts of the global south. This certainly appears to be the case for the non-Gulf countries of the Middle East […]
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