Tag: 1 percent

Unless America addresses runaway income inequality and begins protecting the most vulnerable in society, the next pandemic will hit the nation even harder.

In the two years since Congress passed the Republican tax law, the richest 1 percent have been the big winners.

"A small handful of billionaires should not be able to accumulate more money than they could spend in 10 lifetimes while millions of Americans are living in poverty and dying because they can't afford healthcare."

Will Bloomberg buy his way to the top or even to a brokered convention where he could buy the support of the Super Delegates?

“The Opportunity Zone program has been troubled from the start.”

Other candidates, most notably Bernie Sanders and Elizabeth Warren, begrudge plenty and have specific proposals for changing the rules that let wealth keep concentrating.

"We haven’t been challenged, to put it in a way. But we are being challenged now, because so many people have done so poorly."

“Taxing the annual gains generated by wealth closes a host of loopholes, while raising the sort of revenue needed to keep Social Security and Medicare secure for years to come.”

In recent years America has become a culture of bullying – the wealthier over the poorer, CEOs over workers, those with privilege and pedigree over those without, the whiter over the browner and blacker, men over women.

The bottom line: The economy that America’s rich run is doing quite well for America’s rich.