Tag: wealth inequality

If wealth continues to concentrate at the top, no one will be able to contain the corrupting influence of big money on the American system and the anger it unleashes.

With over 100,000 people displaced by wildfires raging across California, Baupost Group collected more than $3 billion in July after betting on insurance claims against embattled utility company PG&E.

“This is simply too much economic and political power in the hands of twelve people.”

"Who, after all, runs America? No one runs it altogether, but in so far as any group does, the power elite."

“They’re just running wild.”

For the great majority of Americans without a share of the stock market, and for those who can't work from home, the pandemic is adding the prospect of a financial collapse to all their other concerns.

Now, with a quarter of the population facing economic collapse, the need for a guaranteed income is magnified to a level last seen in the Great Depression.

Which America will be ours after the pandemic?

Fat cats play the system like hungry lions stalking prey. The progressive challenge is to educate more voters how our predatory system helps the rich get richer.

In one, billionaires are sheltering in place on their yachts in the Caribbean, and wealthy families are safely quarantining in multimillion-dollar mansions. In the other boats sit people risking their lives for their jobs and people without incomes going hungry.