Southwest Harbor, Maine (Special to Informed Comment) – Is the United States prepared to deal with a public health emergency? At this point such an emergency seems likely, but, even if it were not, the consequence of inaction are catastrophic and must be planned for. Preparation for a national health emergency depends on two variables, […]
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Inequality
Filthy Rich: How America’s Unprecedented Inequality is Literally Killing Us
“The 500 richest people in the world…gained a combined $1.2 trillion in wealth in 2019, further exacerbating inequities that have not been seen since the late 1920s…Eight of the 10 richest people in the world are from the U.S.” – Bloomberg, 12/27/2019 Greenfield, Ma. (Special to Informed Comment) – Why, in the richest of countries […]
Chief Justice Roberts is Forced to Preside over an Impeachment that his Ruinous “Citizens United” Ruling Helped Foster
(Inequality.org) – In the decade since this disastrous Supreme Court ruling, just 11 wealthy people have made 20 percent of super PAC donations. Ten years ago this week, the Supreme Court released its disastrous 2010 Citizens United decision. The court, either through remarkable naivety or sheer malevolence, essentially married two terrible ideas: that “money equals […]
A Dream Denied: Black Americans mostly left behind by progress since Dr. King’s death
By Sharon Austin | – On Apr. 4, 1968, Dr. Martin Luther King Jr. was assassinated in Memphis, Tennessee, while assisting striking sanitation workers. Back then, over a half century ago, the wholesale racial integration required by the 1964 Civil Rights Act was just beginning to chip away at discrimination in education, jobs and public […]
Top 8 Ways the Massive Trump Tax Cut Made the Super-Rich Super-Richer and Failed Working Families
By Frank Clemente | – In the two years since Congress passed the Republican tax law, the richest 1 percent have been the big winners. Republicans repeatedly promised in 2017 that their proposed tax cuts for the wealthy and corporations would increase jobs, pay for themselves, give every family a big raise and would really […]
World’s 500 Richest People Gained $1.2 Trillion in Wealth in 2019: Analysis
By Jake Johnson, staff writer | – ( Commondreams.org) – “In the U.S., the richest 0.1% control a bigger share of the pie than at any time since 1929.” The 500 richest people in the world, all of whom are billionaires, gained a combined $1.2 trillion in wealth in 2019, further exacerbating inequities that have […]
Is it Time for a Billionaire Ban?
By Negin Owliaei | – The wealthiest Americans dominate our airwaves. Let’s hear from someone else for a change. Bill Gates wants you to know he pays taxes. “I’ve paid more than $10 billion in taxes. I’ve paid more than anyone in taxes,” Gates told journalist Andrew Ross Sorkin. “But when you say I should […]
We Know Exactly Where to Get the Money to Fix Inequality
By Jim Hightower | – (Otherwords) – Jesse Jackson ran a strong populist campaign for president in 1988, advocating bold new policies and programs to address inequality. This prompted establishment skeptics to scoff, “Where ‘ya gonna get the money?” It’s no secret where America’s wealth has gone in recent decades: upwards. Jackson answered directly: We’ll […]
How Much in ‘Inequality Tax’ Are You Paying?
(Inequality.org) – The hidden burden America’s top-heavy distribution of income and wealth places on people of modest means What nation ranks as the world’s richest? A simple question to answer, right. Well, not so much, suggests the just-released tenth annual Global Wealth Report from the banking giant Credit Suisse. Everything turns out to depend on […]