@chusak.bsky.social
Tax and Labor Policy analysis. Currently Director at @americanprogress.bsky.social
@chusak.bsky.socialExcited to host @amyhanauer.bsky.social @lilybatch.bsky.social at @americanprogress.bsky.social for an event with @omzidar.bsky.social to discuss his new book on "The Everywhere Millionaire" and implications for taxing the 1%
Join us Thursday:
rsvp2.americanprogress.org/beyondbillio...
@chusak.bsky.socialThis is driven by soaring business valuations. The rich mostly own businesses. Last year's Big Beautiful Bill shoveled $100s of billions to boost their valuations.
The bottom 50%'s assets (cars, homes) meanwhile have been tariffed, raising taxes on them www.americanprogress.org/article/weal...
@chusak.bsky.socialNew simple but striking analysis from @americanprogress.bsky.social Wealth inequality has exploded since the end of 2024:
-In real dollars, the top 0.1% has gained 8,000X as much wealth per household, as most American households.
@chusak.bsky.socialIn many ways it is amazing that the Republican advantage on the deficit has survived as long as it has. Can anyone name a single bill signed by a post-1993 Republican President that did (or was projected to) significantly reduce the deficit? (at least $50B or 0.1% of GDP)
@bbkogan.bsky.socialReposted by @chusak.bsky.socialWonder what could have caused the public to change their mind on this issue that Republicans have traditionally enjoyed an advantage on
@chusak.bsky.socialA really interesting way to re-frame the federal debt conversation. Instead of measuring debt as a stock to a flow (debt-to-GDP) measure it as a stock to a stock (debt-to-wealth) Wealth is less well-measured than GDP, but would be great to see more comparative research on this metric
