Tag: income inequality
"If there is one lesson to be learnt from the global investigation, it is that inequality is always a political choice."
We most certainly can. We have history on our side.
The total collective wealth of American billionaires is "nearly double the $2.1 trillion in total wealth held by the bottom half of the population, or 165 million Americans."
Not only would a wealth tax raise revenue and help bring the economy back into balance, but it would also protect our democracy by reducing the influence of the super-rich on our political system.
Trump’s attack on regulation is just another form of trickle-down economics – where the gains go the top, and the risks and losses trickle down.
The richest 2-5%, those Americans with an average net worth of about $2.5 million, accumulated enough wealth in 2017 to pay for the safety net FOUR TIMES.
Why is it so hard for people with wealth and power to admit all this?