When you compare Trump’s cons with the $50 trillion that the GOP has swindled out of the American working class and given to the top 1 percent since 1980, Trump looks like a piker
Top 1.0% of earners see wages up 179% since 1979 while share of wages for bottom 90% hits new low
More than half of the country’s 100 largest low-wage employers rigged pay rules in 2020 to give CEOs 29 percent average raises while their frontline employees made 2 percent.
The repo market is a fragile house of cards waiting for a strong wind to blow it down, propped up by misguided monetary policies that have forced central banks to underwrite its highly risky ventures.
This article is excerpted from Ellen Brown's new book Banking on the People: Democratizing Money in the Digital Age, available in paperback June 1.
The US now is less equal and socially mobile than Europe. Many say education is key to addressing this growing inequality. But the American education system is an offshoot of an increasingly class-driven society, where Americans from different class backgrounds are living in what are effectively becoming different countries. And this inequality threatens to perpetuate itself "almost automatically."
African-Americans are disproportionately likely to be poor, they are only a quarter of Americans living in poverty; whites make up about 41% of the poor. Those white Americans who don't want to help the poor because they'd be helping people of another race are actually screwing over white people big time. The wealth gap between /white and African-American families tripled between 1980 and 2009.
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