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 […]
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 […]
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