Combining the wealth of the top seven U.S. billionaires and taxing only their annual market gains would yield about $177 billion each year, enough to completely eliminate American poverty. www.youtube.com/watch?v=Amza...
The richest man owns X. The second richest man owns The Washington Post. The third and fifth richest men control Google. The sixth richest man owns Facebook, Instagram, and WhatsApp. And the eighth richest man now owns both Paramount and Warner Bros. See the problem here?
Many billionaires are revoking their giving pledges, and instead of donating their wealth, some are focusing on personal survival efforts like building doomsday bunkers or plotting escapes to Mars. www.youtube.com/watch?v=Amza...
989 billionaires are now worth 22% of our GDP. We have more wealth concentration than the gilded age.
Billionaires are moving from California to Florida to avoid a one-time 5% wealth tax, forgetting that they’re fleeing the very state that made huge public investments in Silicon Valley and subsidized their talent pools. www.youtube.com/watch?v=Amza...
The richest 0.1% of Americans have more than doubled their immense wealth since 2019 — per WSJ.
There's a loophole that allows the wealthy to avoid paying taxes, even when passing on their assets to their heirs. www.youtube.com/watch?v=Amza...
Congress Passes $430,000/Hour Minimum Wage For Billionaires
To learn more about America's gaping wealth gap, head to youtube.com/politizane.
"I give us an A+ on the government, on economics, on everything." -Donald Trump, October 1 [Chart via Heather Long]
There’s been talk recently suggesting that $30 million is as much money as anyone actually needs, but there’s a big difference between enough money and extreme wealth. In the end, is there that much difference between the 30-millionaire and the billionaire? www.youtube.com/watch?v=Amza...
CEO compensation has increased 1,316% since 1978. And worker compensation? Just 28%. The system is rigged. We need to start taxing the rich so they pay their fair share.
Instead of selling stock to pay for their ventures, today’s ultra wealthy use their plethora of assets as collateral to take out massive, tax-free loans to buy up more existing assets. That’s exactly how Elon Musk bought Twitter. www.youtube.com/watch?v=Amza...
The front page of today's Wall Street Journal.
#economy #markets #jobs #affordability #inequality #populism @wsj.com
A viral financial blog recently pointed out the area between the existing poverty line and the “break-even” line which he called the “Valley of Death,” claiming that today the poverty line should be closer to $100K. www.youtube.com/watch?v=l5wF...
The affordability crisis facing families right now isn't just about higher prices—it's also about low wages. Check out this piece in the new American Educator about how wage suppression creates inequality and has put a burden on working families. aft.org/ae/fall2026/...
Credit card banks keep increasing their profit margins, extracting over $2.1 trillion in interest from American families since 2010. Meanwhile, household debt reached an all-time high of $18.8 trillion last year. www.youtube.com/watch?v=l5wF...
The 0.1% own 15% of all the wealth while 50% are basically broke. That is how societies die.
www.wsj.com/economy/the-...
A big hello to you too, appreciate the work that you do! 👋
The cost of college in America has increased significantly over the years, more than double for four-year colleges, meaning it could take the average college graduate 17 years to pay off their student loans. www.youtube.com/watch?v=l5wF...
As world leaders descend on New York for the United Nations General Assembly, Oxfam warns that the world is facing an "inequality emergency."
