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Tag: Income Inequality


The Elites Won’t Save Us

The danger we face does not come, in the end, from Trump and his malignant cabal. It comes from severely weakened and corrupted democratic institutions.

Posted on Feb 12, 2017 READ MORE


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Former Republican Officials Are Proposing a Carbon Tax—and It’s a Good Idea

A GOP-conceived tax is win-win: less carbon in the atmosphere and more equal distribution of income.

Posted on Feb 12, 2017 READ MORE


Is the Rise of Donald Trump Obama’s Legacy? (Video)

Paul Jay of The Real News asks Truthdig contributor Paul Street if President Obama is a true progressive and whether his policies “helped set the table for the emergence of a Trump.”

Posted on Jan 10, 2017 WATCH & LISTEN



Best of Truthdig’s Book Reviews 2016: Top Reads, From Economics to Politics and Even Genetics

In a year of many upheavals, it’s no surprise that books on income inequality, political protest and global warming would wind up on our top 10 literary list of the past year. But there’s also room for a little comedy and some ancient history among the picks.

Posted on Dec 26, 2016 READ MORE


‘The Young Turks’: Trump’s Election Puts $36,000 Into Pockets of Every U.S. Millionaire (Video)

On the online news show, Cenk Uygur, John Iadarola and Jimmy Dore break down the reasons Republicans want to ax President Obama’s Affordable Care Act.

Posted on Dec 15, 2016 WATCH & LISTEN



The Mafia State

The greed of the 1 percent and their dismantling of good governance have given rise to a criminal economy and criminal state embodied in the presidency of Donald J. Trump.

Posted on Dec 4, 2016 READ MORE



Donald Trump Simply Too Dangerous ‘to Sit This One Out,’ Sanders Says

“I’ve got seven grandchildren. I’ve got four kids. I worry about the future of this planet. I’m not sitting it out. And I hope that my fellow Americans will not sit it out,” the Vermont senator told voters over the weekend.

Posted on Nov 7, 2016 READ MORE



What the Narcissists Have Done to Our Jobs and Health

Many of the super wealthy move further to the political right, care less about the feelings and needs of others, and become anti-social, less generous with their money and less willing to support the economic needs of all members of society.

Posted on Oct 19, 2016 READ MORE



White Blindness and Denial Characterize U.S. Racial Attitudes at the End of the Obama Era

America remains separate and divided. Despite having a black president for two terms, deep racism thrives in our country.

Posted on Oct 12, 2016 READ MORE



Wage Gap Between Black and White Americans Is at a 40-Year High

On average, whites make 26.7 percent more than blacks, earning $25.22 an hour, compared with $18.49 for blacks.

Posted on Sep 20, 2016 READ MORE


Think Incomes Are Rising? Not So Fast, Says Economist Richard Wolff

Despite a recent upbeat report on wages from the U.S. Census Bureau, the fact is that incomes are in real decline—and no mechanisms have been put in place to prevent another crash, Wolff says.

Posted on Sep 19, 2016 WATCH & LISTEN


Live at Truthdig: How Can We Fix the Disconnect Between Our Workers and Our Political System?

The Truthdig team sat down with special guest Bill Boyarsky on Thursday to discuss income inequality as an issue in this contentious election season.

Posted on Sep 8, 2016 WATCH & LISTEN



Taxpayers Are Subsidizing Bonuses for Wall Street CEOs

A little-known section of the U.S. tax code “created a legal process by which publicly held companies can lower their tax bills by boosting CEO pay,” reports George Zornick at The Nation. (Pictured: John Stumpf, Wells Fargo chairman and CEO.)

Posted on Sep 5, 2016 READ MORE



A Labor Day Parade for Hillary Clinton and the 0.1 Percent in the Hamptons

The illustration above provides a frame for the scene in the Hamptons during the lead-up to the holiday weekend, with Democratic presidential nominee Hillary Clinton holding court at a series of big-ticket fundraising events in tony seaside towns.

Posted on Sep 4, 2016 READ MORE



The Decline in Union Membership Is Hurting All of Us

A new report says that “rebuilding our system of collective bargaining is an important tool available for fueling wage growth and ending the era of persistent wage stagnation.”

Posted on Aug 30, 2016 READ MORE



Pope Francis: Capitalism Is ‘Terrorism Against All of Humanity’

The pontiff argues that the modern economy’s worship of the “god of money” leads to disenfranchisement and extremism.

Posted on Aug 2, 2016 READ MORE



Truthdigger of the Week: Jaime Prater, Starbucks Barista Who Got Workers a Raise

By pulling a little more compensation out of his employer for himself and his colleagues via a petition, Prater showed that deliberate, collective action still can help working people.

Posted on Jul 16, 2016 READ MORE


Politicon 2016: Donald Trump Surrogates Carry Off Bernie Sanders’ Message About Income Inequality

Like certain other politicians this election season, conservative commentator and author Ann Coulter appears to have come down with a bout of sudden-onset populism.

Posted on Jun 25, 2016 WATCH & LISTEN



Lock Up the Men, Evict the Women and Children

Part of the daily reality of poverty in America, evictions—along with mass incarceration—are the mechanisms used to destroy communities and profit from the misery of the poor.

Posted on May 29, 2016 READ MORE



Armed with Policy Solutions and Populist Rage, Campaign Vows to ‘Take on Wall Street’

“We are going to make this an issue in congressional races. No one will be able to run from this.”

Posted on May 24, 2016 READ MORE



Comments of the Week: On American Exceptionalism, Malcolm X and That Infamous Las Vegas Convention

Truthdig presents a handful of comments our editors spotted this week, in the interest of making the posting process a two-way street, keeping lively conversations going, and taking note of readers’ ideas and reactions. 

Posted on May 22, 2016 READ MORE



American CEOs Make 335 Times More Than Their Workers

And Verizon’s CEO makes even more than that.

Posted on May 19, 2016 READ MORE



Comments of the Week: Inaugural Edition

Since Truthdig’s launch just over a decade ago, our staff has always considered our comment community to be an integral part of the site.

Posted on May 15, 2016 READ MORE



Welcome to 1984

The façade of democracy and the disempowerment of the citizenry by corporations has sparked a nationwide revolt. Elites, fearing unrest, will soon become ruthless. We must engage now in acts of sustained civic mobilization and civil disobedience or be crushed.

Posted on May 14, 2016 READ MORE



Middle- and Lower-Income U.S. Households Losing Ground, Report Says

Poorer households saw their income drop from a median of $26,373 in 1999 to $23,811 in 2014, and middle-class incomes fell too, according to new research.

Posted on May 12, 2016 READ MORE


Naomi Klein: Radical Solutions the Proper Response to ‘Unyielding Science-Based Deadline’ (Video)

By Common Dreams staff

Climate crisis, argues the author and activist, “might just be the catalyst we need to knit together the great many powerful movements bound together by the inherent worth and value of all people.”

Posted on May 11, 2016 WATCH & LISTEN



The Top 25 Hedge Fund Managers Earned $13 Billion in 2015

As many companies lost billions or closed, Kenneth Griffin and James Simons made $1.7 billion each—more than some nations.

Posted on May 11, 2016 READ MORE


Over 10 Years Later, George Carlin’s Comments on the American System Are as Haunting as Ever (Video)

In this stand-up routine from 2005, the late comedian and social critic explains the way our country works and why most politicians make little impact.

Posted on May 3, 2016 WATCH & LISTEN


Why the Racial Wealth Gap Is Widening—and Some Steps to Reverse It (Video)

By Robert Reich

Unless you earn enough to be able to begin to accumulate wealth, you can’t get ahead. That’s why kids from low-income families start out in life at a huge disadvantage—especially children of color.

Posted on May 2, 2016 WATCH & LISTEN



Hillary Clinton Camp Says She’s Been Forced to the Left Enough Already

Clinton ally tells The Hill, “I don’t know what’s left to extract.”

Posted on Apr 29, 2016 READ MORE



The Invisibility of U.S. Oligarchs: The Case of Penny Pritzker

Apparently it’s other countries, not the U.S., that have oligarchs.

Posted on Apr 20, 2016 READ MORE



Life Expectancy Gap Between Rich and Poor Keeps On Growing

Between 2001 and 2014, the difference in life expectancy between the wealthiest 1 percent of Americans and the poorest 1 percent widened to 14.6 years for men and 10.1 years for women, a study published by the American Medical Association shows.

Posted on Apr 18, 2016 READ MORE


WATCH: In Vatican City, Bernie Sanders Speaks Out on Economic Injustice

Pope Francis “has given the most powerful name to the predicament of modern society,” Sanders said Friday at a Pontifical Academy of Social Sciences conference: “the globalization of indifference.”

Posted on Apr 16, 2016 WATCH & LISTEN


Inversions









Posted on Apr 13, 2016 ENLARGE



The Clooneys’ Fundraisers for Hillary Clinton: A Tale of Two Economies

The irony of the events for the super-rich taking place in a land of burgeoning homelessness—California—may not be lost on the electorate come June.

Posted on Mar 30, 2016 READ MORE



California Reaches Deal to Raise Minimum Wage to $15 an Hour

Numerous statewide polls have suggested that voters would approve a minimum wage proposal—perhaps even a more sweeping version—which forced lawmakers to take swift action.

Posted on Mar 27, 2016 READ MORE



Why It’s Imperative That We Hear Michigan’s Angry Voices

The Rust Belt state’s primary outcome—victories by Bernie Sanders and Donald Trump—was brought to you by white working-class men and the people from little towns and small cities.

Posted on Mar 14, 2016 READ MORE



Paychecks Shrink Even as U.S. Economy Adds Jobs

U.S. industry added 242,000 jobs in February—but the major gains were in low-wage industries, and average hourly earnings dropped 3 cents. And unemployment rates remained far higher for minorities than for whites.

Posted on Mar 7, 2016 READ MORE



Taking On Corporations That Pollute Communities Not With Chemicals but With Poverty Wages

Economic justice activists across the country are demanding that corporate polluters pay a price for low wages.

Posted on Mar 6, 2016 READ MORE



Guess Who’s the Only 2016 Presidential Candidate Who Pays His Interns?

Some candidates running for president wax poetic about the student debt crisis, but only one of them is willing to pay his interns.

Posted on Feb 17, 2016 READ MORE



Liveblog: The Sixth Democratic Debate:  ‘Let Us Level With the American People’

Sen. Bernie Sanders kicked off Thursday’s Democratic debate in Milwaukee with a few familiar lines from his campaign-trail greatest hits before getting down to business with a series of fiery salvos targeting his rival, Hillary Clinton. She was ready for him.

Posted on Feb 11, 2016 READ MORE



Progressives Nationwide Seek to Take Bernie Sanders’ ‘Political Revolution’ Into Congress

Zephyr Teachout of New York, John Fetterman of Pennsylvania and Lucy Flores of Nevada want to take on Wall Street, big oil and the military-industrial complex—and they’re all mounting bids for Congress.

Posted on Feb 4, 2016 READ MORE



Manna From Hell

War is hell. Unless, of course, you happen to be a global corporate peddler of rockets, drones, bombs and all the other hellish weaponry of military conflict.

Posted on Jan 31, 2016 READ MORE



Donald Trump’s Supporters Are Poorly Paid, Distrustful and Convinced They’re Anything but Racist

The candidate is leading in voter support in the Republican presidential primary race because he appeals to a statistically significant bloc of frustrated whites who “reject the stories offered to them” by established sources “and admire leaders who do the same.”

Posted on Jan 8, 2016 READ MORE



What’s at Stake This Election Year? Ending the Vicious Cycle of Wealth and Power

The United States has succumbed to a vicious cycle in which great wealth translates into political power, which generates even more wealth and even more power.

Posted on Jan 3, 2016 READ MORE



2015 in Review: The Best Ear to the Ground Posts of the Year

As the countdown to the new year begins, we take a look at 2015’s most popular stories.

Posted on Dec 31, 2015 READ MORE



Donald Trump Flip-Flops After Bernie Sanders Hits at Him for Saying Wages Are ‘Too High’

The Republican presidential candidate reversed his position on wages shortly after Democratic candidate Bernie Sanders suggested he could win over Trump’s supporters and criticized Trump for saying low wages are necessary.

Posted on Dec 30, 2015 READ MORE



One-Quarter of Americans Earning $100,000 or More Say They’re Struggling

It may be difficult to sympathize with, but many Americans earning six-figure incomes are living paycheck to paycheck.

Posted on Dec 26, 2015 READ MORE



The Revolt of the Anxious Class

The great American middle class has become an anxious class—and it’s in revolt. Most are good, hard-working people, but their world has been slowly coming apart. And they’re scared and fed up.

Posted on Dec 15, 2015 READ MORE



We Won’t Fix Inequality by Tweaking Capitalism

The disparities in wealth that we term “income inequality” happened by design, writes social critic Stephen Thrasher. And “they can’t be fixed by fiddling at the edges of our current economic system.”

Posted on Dec 9, 2015 READ MORE


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