By Natalia Renta | – ( Inequality.org ) – In the wake of recent Tesla Takedown protests at hundreds of dealerships across the country, financial officers on both sides of the political aisle weighed in on how to address Tesla’s tanking share price. New York City Comptroller Brad Lander called for accountability from Elon Musk […]
Trump’s Mega-Tariffs will Concentrate Wealth even More
Import taxes will be passed onto the consumer, while the rich will prosper from slashed taxes. by Omar Ocampo | – ( Inequality.org ) – Trump’s trade policies have been wildly unpredictable in the first two months of his second presidency. Tariff deadlines have come and been delayed with no rhyme or reason, leaving cross-border […]
Total U.S. Billionaire Wealth is Up 88 Percent over Four Years
By Chuck Collins and Omar Ocampo | – ( Inequality.org ) – Four years ago, the United States entered the Covid-19 pandemic. Forbes published its 34th annual billionaire survey shortly after with data keyed to March 18, 2020. On that day, the United States had 614 billionaires who owned a combined wealth of $2.947 trillion. Four […]
10 Victories of the American Worker in 2023
By Sarah Anderson | – ( Inequality.org ) – Looking for something positive to celebrate on New Year’s Eve? Consider lifting a glass to the hardworking people behind these inspiring victories of 2023. 1. The ‘Year of the Strike’ More than half a million American workers walked off the job this year. In October, companies […]
On Labor Day: Low-Wage Employers say they Have no Money for Raises, but spent $341 Billion on Stock Buybacks
By Sarah Anderson ( Inequality.org ) – In response to strikes and union organizing drives, corporate leaders routinely insist that they simply lack the wherewithal to raise employee pay. And yet top executives seem to have little trouble finding resources for enriching themselves and wealthy shareholders. In 2021 and 2022, S&P 500 corporations spent record […]
The Big Money behind the Fight to Ban Environmentally and Socially Conscious Investing
by Jessica Church ( Inequality.org ) – In a recent Gallup poll, the vast majority of Americans surveyed said they were not even “somewhat familiar” with the term “ESG.” But on Capitol Hill, Republicans have developed a fixation on the issue, holding not one but two intensely partisan hearings on the topic. “Republicans Are Losing […]
The Modern Form of Colonialism: Climate Change
By Tapti Sen ( Inequality.org ) – I am from a disappearing nation. My country, Bangladesh, is one of several at risk of becoming submerged partially or completely by rising sea levels caused by climate change in the coming decades. 75 percent of the country lies below sea level. Bangladesh, a tropical country on […]
In DeSantis’ “Free” State of Florida, Union Freedom is under Attack
by Rebekah Entralgo ( Inequality.org ) – In what Governor Ron DeSantis likes to call his “freedom state” of Florida, the freedom to belong to an effective union is under a ferocious attack. DeSantis, with the school year winding down, has just appeared at a Miami charter school to sign a new slate of bills […]
Our Climate Crisis: The Ultra-Wealthy have a Private Jet Problem, Therefore so do We
Blogging Our Great Divide by Omar Ocampo ( Inequality.org ) – The past two years have been a bonanza for private aviation. The drastic increase in demand has led to flight delays, increased costs, and pilot shortages. But the slow deterioration of working conditions for aerospace labor has not stopped the jet-owning […]
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