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Tidbits – Aug. 1 – Reader Comments: Netanyahu’s Bellicose Congressional Address; VP Pick Who Could Ruin Unity; Sonya Massey Should Still Be Alive; Unarmed Response; Top 1% Have More Wealth Than Entire Middle Class; Week of Action for Utility Justice

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Reader Comments: Netanyahu’s Bellicose Congressional Address; VP Pick Who Could Ruin Unity; Sonya Massey Should Still Be Alive; Argument for Unarmed Response; Top 1% Have More Wealth Than Entire Middle Class; Week of Action for Utility Justice; more

Can Democracy and Billionaires Coexist?

Sam Pizzigati Inequality.org
Not on this planet. The wealthiest of our wealthy, a just-released report from Americans for Tax Fairness points out, are doing their best to keep these good times — for America’s rich — rolling.

Conservative Think-Tank Finds Biden Tax Hike Only Hurts the Rich

Jonathan Chait New York Magazine
Biden is not going to quadruple anybody’s taxes, but he will increase the tax burden on the very rich. The richest 5 percent of taxpayers would bear almost the entire burden of Biden’s plan, which would raise $2.8 trillion over the next decade...

Crumbs for the Hungry but Windfalls for the Rich

Nicholas Kristof The New York Times
Billions are going to zillionaires under the guise of pandemic relief. While President Trump and his allies in Congress seek to tighten access to food stamps, they are showing compassion for one group: zillionaires.

We, the Plutocrats vs. We, the People - Saving the Soul of Democracy

Bill Moyers Tom Dispatch
Our country's greatest failing, the true disaster, of our time: the scourge of growing inequality, economic and political. It is despicable as the very wealthy convert their financial might into political power to guard that wealth while exacerbating inequality further. This is the vast difference between a society whose arrangements serve all its citizens or one whose institutions have been converted into a stupendous fraud - democracy in name only.

The Ever-Growing Gap: Failing to Address the Status Quo Will Drive the Racial Wealth Divide for Centuries to Come

Chuck Collins, Dedrick Asante-Muhammed, Josh Hoxie and Eman Institute for Policy Studies
The typical millionaire receives about $145,000 in public tax benefits, while working families get a grand total of $174 on average. In 2043, minorities will be the majority and the will have doubled. The lingering effects of generations of discriminatory and wealth-stripping practices have left black and Latino households far behind white families, and may impact their economic trajectories in the decades to come.
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