Tag: wealth inequality

Sen. Ron Wyden, chair of the Senate Finance Committee, said he planned to rein in tax breaks for gargantuan Roth retirement accounts after ProPublica exposed how the super rich used them to shield their fortunes from taxes.

We most certainly can. We have history on our side.

“Looks like the biggest tax story of the year, if not the decade.”

The For the People Act targets both white supremacists and wealth supremacists, which is why it’s hugely popular with the public but is running into roadblocks even among Senate Democrats.

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.

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

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

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

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."

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