Inequality

WATCH: Highlighting Trump’s ‘Promises Broken,’ Sanders Gives Address on Biden’s Plan for the Economy and Working Families

WATCH: Highlighting Trump’s ‘Promises Broken,’ Sanders Gives Address on Biden’s Plan for the Economy and Working Families Read WATCH: Highlighting Trump’s ‘Promises Broken,’ Sanders Gives Address on Biden’s Plan for the Economy and Working Families on Common Dreams

Highlighting Trump’s ‘Promises Broken,’ Sanders to Give Saturday Address on Biden’s Plan for the Economy and Working Families

Highlighting Trump’s ‘Promises Broken,’ Sanders to Give Saturday Address on Biden’s Plan for the Economy and Working Families Read Highlighting Trump’s ‘Promises Broken,’ Sanders to Give Saturday Address on Biden’s Plan for the Economy and Working Families on Common Dreams

Poverty and Petrochemicals Converge as Hurricane Laura’s Devastation Exposes Entire Gulf Coast as ‘Sacrificial Zone’

With the full devastation caused by Hurricane Laura along the Gulf Coast in Texas and Louisiana still coming into view Friday, climate justice activists and other progressives are calling the destruction—credited with claiming at least 6 lives and potentially billions of dollars in damages—just the latest painful example of willful neglect by political leaders and …

Poverty and Petrochemicals Converge as Hurricane Laura’s Devastation Exposes Entire Gulf Coast as ‘Sacrificial Zone’ Read More »

As Trump Pushes New Tax Cuts for Wealthy, Analysis Shows US Billionaires $800 Billion Richer Since Pandemic Hit

As President Donald Trump and top members of his administration continue their push to deliver another round of tax cuts to rich investors, an analysis published Tuesday by the Institute for Policy Studies and Americans for Tax Fairness showed that U.S. billionaires have seen their collective wealth soar by nearly $800 billion since Covid-19 began …

As Trump Pushes New Tax Cuts for Wealthy, Analysis Shows US Billionaires $800 Billion Richer Since Pandemic Hit Read More »

As Big Box Stores Thrive, 1 in 5 Small Businesses Expect to Close in Next 6 Months Without Urgent Federal Aid

One in five small businesses reported in a survey Monday that they will have to shut their doors permanently if economic conditions—and the federal government’s efforts to improve them—don’t change in the next six months.  The National Federation of Independent Businesses (NFIB) surveyed 561 small business owners on August 17 and 18 and found that …

As Big Box Stores Thrive, 1 in 5 Small Businesses Expect to Close in Next 6 Months Without Urgent Federal Aid Read More »

More Than Six Years After Flint Water Crisis Began, Michigan Officials Announce $600 Million Settlement for City Residents

Six years after residents in Flint, Michigan began relying on their polluted local river as a drinking water source at the behest of Republican state officials looking to save money, the state on Thursday announced details of an historic $600 million settlement, reached after 18 months of negotiations.  Michigan Gov. Gretchen Whitmer and Attorney General …

More Than Six Years After Flint Water Crisis Began, Michigan Officials Announce $600 Million Settlement for City Residents Read More »

As Wages Stagnate and Executive Pay ‘Continues to Balloon,’ Report Shows Top CEOs Now Make 320 Times More Than Typical Worker

New research published Tuesday by the Economic Policy Institute shows that the top executives at the largest corporations in the United States now make 320 times more than what their typical employees earn in wages and benefits. “CEO pay can be curbed to reduce the growing gap between the highest earners and everyone else with …

As Wages Stagnate and Executive Pay ‘Continues to Balloon,’ Report Shows Top CEOs Now Make 320 Times More Than Typical Worker Read More »

Marginalized Communities Could Be ‘Shortchanged’ for Decades to Come by Trump’s Abrupt Change to Census Deadline, Critics Say

In addition to imposing likely delays in the delivery of mail-in ballots during the November elections through its sabotage of the U.S. Postal Service, the Trump administration appears intent on jeopardizing elections and marginalized communities for decades to come, critics said Sunday of the president’s abrupt change to the U.S. census deadline.  When the coronavirus …

Marginalized Communities Could Be ‘Shortchanged’ for Decades to Come by Trump’s Abrupt Change to Census Deadline, Critics Say Read More »

‘Enraging and Inexcusable’: Louisiana Supreme Court Rules Black Man Convicted of Garden Tool Theft 20 Years Ago Should Die in Prison

A 62-year-old Black man is expected to spend the rest of his life in Louisiana’s largest maximum-security prison after the state Supreme Court denied his request to overturn his life sentence 23 years after he was convicted for attempting to steal a pair of hedge clippers. Five of the court’s six justices ruled last week …

‘Enraging and Inexcusable’: Louisiana Supreme Court Rules Black Man Convicted of Garden Tool Theft 20 Years Ago Should Die in Prison Read More »

Sanders Bill to Tax ‘Obscene’ Pandemic Windfall of Billionaires Would Empower Medicare to Cover Every American for One Year

Sen. Bernie Sanders on Thursday introduced legislation that would tax the “obscene wealth gains” America’s billionaires have accumulated during the Covid-19 crisis and use the resulting revenue to empower Medicare to cover all out-of-pocket medical expenses for everyone in the United States for a year. “We can continue to allow the very rich to get …

Sanders Bill to Tax ‘Obscene’ Pandemic Windfall of Billionaires Would Empower Medicare to Cover Every American for One Year Read More »

New Sanders Bill Would Tax ‘Obscene’ Pandemic Windfall of Billionaires to Fund People’s Health and Well-Being

Sen. Bernie Sanders plans to introduce legislation Thursday that would heavily tax the “obscene wealth gains” America’s billionaires have accumulated during the Covid-19 crisis to help fund the U.S. recovery from the pandemic and resulting economic collapse. “We can continue to allow the very rich to get much richer while everyone else gets poorer and …

New Sanders Bill Would Tax ‘Obscene’ Pandemic Windfall of Billionaires to Fund People’s Health and Well-Being Read More »

100 Top Economists Call for End of Carbon Economy to Usher in ‘Greener’ and More Just World

Over 100 leading economists on Tuesday urged policymakers to seize “the rare opportunity” at hand to wholly transform the economic system into one that rejects a reliance on fossil fuels in favor of support for a livable planet and more just world. “As we seek to rebuild our world, we can and must end the …

100 Top Economists Call for End of Carbon Economy to Usher in ‘Greener’ and More Just World Read More »

Sanders Rips Trump for ‘Obscene’ Boasting Over Stock Market as 30 Million Americans Face Financial Doom

Sen. Bernie Sanders on Monday slammed President Donald Trump for bragging on Twitter about the booming stock market just days after Republican inaction allowed the $600-per-week boost in unemployment benefits to expire, slashing the incomes of nearly 30 million Americans as the economy remains mired in deep recession. “Tweeting this during the worst economic downturn …

Sanders Rips Trump for ‘Obscene’ Boasting Over Stock Market as 30 Million Americans Face Financial Doom Read More »

Coalition of Over 500 Faith Leaders Demand Utility Shutoff Moratorium During Pandemic

Over 500 faith leaders representing different religious backgrounds on Thursday called on Congress to ensure the next legislative coronavirus aid package include a moratorium on utility shutoffs for the duration of the pandemic. “A power, water, and broadband shutoff is not about politics; it is about children, the elderly, people needlessly suffering and dying through …

Coalition of Over 500 Faith Leaders Demand Utility Shutoff Moratorium During Pandemic Read More »

Oxfam America Calls for Tax on ‘Pandemic Profiteers’ to Fund Covid-19 Recovery and the Common Good

The U.S. government could easily ensure that all Americans and the global community benefit from the profits that many wealthy U.S. companies have raked in during the coronavirus pandemic, Oxfam America said in a report released Wednesday as the group called for the country to implement a Pandemic Profits Tax, similar to one used during …

Oxfam America Calls for Tax on ‘Pandemic Profiteers’ to Fund Covid-19 Recovery and the Common Good Read More »

As Poor and Working Class in US Face Financial Cliff, Bezos Grew Record-Setting $13 Billion Richer on Monday

Days before the expiration of federal unemployment benefits is expected to bring about a wave of evictions, food insecurity and widespread economic pain for millions of Americans, Amazon founder Jeff Bezos—the world’s richest person—added $13 billion to his personal wealth on Monday. The rise in Bezos’ assets represents the largest single-day net worth increase for …

As Poor and Working Class in US Face Financial Cliff, Bezos Grew Record-Setting $13 Billion Richer on Monday Read More »

Bolstering Case for Extending Unemployment Relief—and Higher Wages Overall—Study Shows Recipients Spent More During Pandemic

A new study published Thursday reveals that the federal government’s unemployment boost of $600 a week for Americans who lost their jobs due to the coronavirus pandemic helped reduce the nation’s economic crash, making the case for extending the benefit as mass joblessness persists. According to the study, the extra boost in benefits allowed households …

Bolstering Case for Extending Unemployment Relief—and Higher Wages Overall—Study Shows Recipients Spent More During Pandemic Read More »

On Tax Day, Analysis Shows Billionaire Wealth Growth Since Start of Pandemic Exceeds Total Budget Deficits of 23 US States

A new study out Wednesday shows that billionaires around the U.S. have added to their wealth in the months since the coronavirus pandemic began in March at levels exceeding budget shortfalls due to the economic crisis triggered by the outbreak in 23 states. “This analysis shows how out of whack our economy has become with …

On Tax Day, Analysis Shows Billionaire Wealth Growth Since Start of Pandemic Exceeds Total Budget Deficits of 23 US States Read More »

White House Pushes ‘Pure Giveaway’ to Rich Investors While Urging Cut to Pandemic Unemployment Aid

The Trump White House is publicly advocating a massive tax cut for wealthy U.S. investors while simultaneously urging Congress to pare back the expanded unemployment benefits currently serving as a financial lifeline for more than 30 million—and counting—jobless Americans. “Regarding the ‘capital gains holiday,’ remember this key stat: 82% of all capital gains tax is …

White House Pushes ‘Pure Giveaway’ to Rich Investors While Urging Cut to Pandemic Unemployment Aid Read More »

‘An Absolute Outrage’: Sanders Rips ‘Wealthy Tax Cheats’ as CBO Estimates $381 Billion in Annual Unpaid Taxes

A Congressional Budget Office report commissioned by Sen. Bernie Sanders and published Wednesday found the amount of unpaid taxes from 2011 to 2013 averaged around $381 billion per year, a revenue shortfall the Vermont senator called an “absolute outrage” that is largely the result of big corporations and  “wealthy tax cheats” dodging their obligations. “The …

‘An Absolute Outrage’: Sanders Rips ‘Wealthy Tax Cheats’ as CBO Estimates $381 Billion in Annual Unpaid Taxes Read More »

To Shift Funds From ‘Endless Wars’ to ‘Human Needs,’ Sanders Unveils Amendment to Slash Pentagon Budget by $74 Billion

With the Senate preparing to vote on an annual defense policy bill calling for $740.5 billion in military spending for fiscal year 2021, Sen. Bernie Sanders on Thursday delivered a floor speech in support of his new amendment aiming to cut the proposed Pentagon budget by 10%—around $74 billion—and devote those resources to funding healthcare, …

To Shift Funds From ‘Endless Wars’ to ‘Human Needs,’ Sanders Unveils Amendment to Slash Pentagon Budget by $74 Billion Read More »

Tax the Rich and Divert Billions From NYPD Budget to Fund Public Hospitals, Says Nurses Union

New York’s largest union of registered nurses is calling on the state’s Democrat-controlled government to divert billions of dollars from jails, the New York City Police Department, and the pockets of the rich to help fund public hospitals that have been strained beyond capacity by the coronavirus pandemic. In an internal memo obtained Monday by …

Tax the Rich and Divert Billions From NYPD Budget to Fund Public Hospitals, Says Nurses Union Read More »

Leading US Retirees ‘Like Lambs to the Slaughter,’ Trump Labor Dept. Quietly Offers Up 401k Plans to Private Equity Vultures

With the American public’s attention consumed by the Covid-19 pandemic and mass protests against police brutality, the U.S. Labor Department earlier this month quietly gave corporate sponsors of retirement plans something they’ve been agitating over for years: a government green light to invest workers’ savings into funds managed by notoriously predatory private equity firms. The …

Leading US Retirees ‘Like Lambs to the Slaughter,’ Trump Labor Dept. Quietly Offers Up 401k Plans to Private Equity Vultures Read More »

Time to ‘Reinvest in People’ and ‘Cut Weapons of War’: Barbara Lee Unveils Plan to Cut Up to $350 Billion From Pentagon

Demanding that Congress “prioritize our safety and our future, not more war,” Rep. Barbara Lee on Monday unveiled a resolution proposing up to $350 billion in cuts to the Pentagon budget by closing U.S. military bases overseas, ending ongoing conflicts, scrapping weapons programs, and eliminating President Donald Trump’s Space Force. “Redundant nuclear weapons, off-books spending …

Time to ‘Reinvest in People’ and ‘Cut Weapons of War’: Barbara Lee Unveils Plan to Cut Up to $350 Billion From Pentagon Read More »

Amid Covid-19 and Nationwide Protests, America’s Billionaires Got $79 Billion Richer Over the Last Week

An analysis released Thursday by the Institute for Policy Studies finds that the combined wealth of U.S. billionaires surged by $565 billion between March 18 and June 4—the same period in which 42.6 million Americans filed jobless claims. Over just the past week, according to IPS, the collective net worth of America’s billionaires rose $79 …

Amid Covid-19 and Nationwide Protests, America’s Billionaires Got $79 Billion Richer Over the Last Week Read More »