Thursday, May 13, 2021

Tag: wealth inequality

How the Federal Reserve is increasing wealth inequality

The Fed’s low-interest-rate policies have stabilized the economy and turbocharged the stock market. But those who don’t own lots of stocks haven’t benefited anywhere near as much as those who do.

A third of U.S. billionaire wealth gains since 1990 have come...

U.S. billionaire pandemic profit balloons to $4.56 trillion, a 55 percent increase.

Tax evasion and the 1%

“The richest 1% of U.S. households don’t report 21% of their income.”

Sanders bill would hike taxes on big corporations that pay CEOs...

"We need to take dramatic steps to address wealth inequality in this country and discouraging massive executive payouts is a good place to start."

2021 update: Half of America in or near poverty

The facts and numbers from numerous sources reflect the reality of deprivation in America, and help to confirm what has been called the "sharpest rise in the U.S. poverty rate since the 1960s."

Whose rights matter in pandemic America?

Not those of poor Americans, that’s for sure...

The year of cheating the poor

The poorest among us are being cheated. They're being cheated out of the opportunity to share in the great prosperity to which they and their parents and grandparents all contributed.

Slave-built infrastructure still creates wealth in US, suggesting reparations should cover...

Recognizing that enslaved men, women and children built many of the cities, rail lines and ports that fuel the American economy is a necessary part of any such accounting.

‘Unseemly’ $1.1 trillion billionaire wealth gain during pandemic could fully fund...

"This is why we need the fair-share taxes program Joe Biden ran on, won on, and is now ready to pursue."

To working stiff Trump supporters

Perhaps we need some of that now. That is not insurrection or revolution. Let us call it EVOLUTION.

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What America can learn from China—Lessons from the pandemic

While the China model cannot be transplanted to the West, there’s a lot that America can learn from China.

A pesticide linked to brain damage in children could finally be banned

A court has ruled that the EPA must ban the controversial pesticide chlorpyrifos—or prove its safety.

Fracking 101: What you should know

Modern fracking emerged so quickly, faster than its impacts were understood.

In blow to NRA, federal judge dismisses group’s bankruptcy case

The judge ruled that the powerful gun lobby declared bankruptcy in an attempt to avoid facing a New York state lawsuit that accuses the organization of fraud and seeks to disband it.

Corporate media oppose Afghan control of Afghanistan

Establishment reporting over the future of Afghanistan after Biden’s announcement demonstrated the imperialist mindset of corporate journalists.