Portside

I see a nation where 63 percent of workers live paycheck to paycheck — paycheck to paycheck. What does that mean? It means that every day you are living under incredible stress — scared to death that if your car breaks down, if your kid gets sick, if your landlord raises the rent, if you get divorced or separated, if you become pregnant, if for whatever reason you lose your job, you will find yourself in the midst of a financial catastrophe.

One after another, four of our best-known billionaires laid waste to the image of benevolent saviors carefully cultivated by their class. It is a commendable sacrifice, because they exist only because we embrace certain myths about them.

We now have more income and wealth inequality than at any time in the last hundred years. And it’s not just income and wealth inequality that is plaguing our nation. It is the maldistribution of economic and political power.

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The primary problem in a deeply unequal democracy will never be the influence we allow the wealthy to bring to bear on our politics. The primary problem remains concentrated wealth itself, the huge gap between the wealthy and everyone else.

'We are in a struggle between a progressive movement that mobilizes around a shared vision of prosperity, security and dignity for all people, against one that defends oligarchy and massive global income and wealth inequality'

The Federal Housing Administration, created in 1934 during the New Deal, forced newly built suburbs to be racially exclusive through guaranteeing whites-only mortgages. This, and subsequent policies, were major drivers of racial wealth disparity.