An innovative tax-the-rich proposal now before lawmakers would reverse the wealth concentration that’s suffocating our democracy.
by Bob Lord, Inequality.org
The United States is experiencing a level of wealth inequality not seen since the original Gilded Age. This yawning gap between rich and poor has unfolded right out in the open, in full public view and with the support of both political parties.
A malignant class of modern robber barons has amassed unthinkably large fortunes. These wealthy have catastrophically impacted our politics. They have weaponized their wealth to co-opt, corrupt, and choke off representative democracy. They have purchased members of Congress and justices of the Supreme Court. They have manipulated their newfound political power to amass ever-larger fortunes.
The result? We can sum that up with a word usually associated with nations like Russia: oligarchy. Unless Congress takes action, inequality — and the instability inequality invariably produces — will only intensify.
The Patriotic Millionaires have been sounding out the alarm, over recent years, on inequality and oligarchy. More than most, our members — all men and women of substantial means — understand just how much wealth can buy. Wealth can even turn tax systems toxic.
Recent Posts
Bad Bunny Destroys MAGA Backlash During SNL: “If You Don’t Understand Me, You Have Four Months To Learn”
Take Action Now “All Latinos and Latinas all over the world, and here in the United States, all the people who have worked to open doors. More than…
Senators Launch Bipartisan Bid to Block Trump War on Venezuela
Take Action Now “Congress has not authorized military force against Venezuela,” said Sen. Adam Schiff. “And we must assert our authority to stop the…
Democrats Have Let Republicans Become The “Peace” Party
Take Action Now The massive disconnect between the Democratic Party’s leadership and its base is sure to have ramifications far beyond last year’s…
‘Textbook Authoritarianism’: Trump Aims IRS Criminal Division At Left-Leaning Groups, Donors
Take Action Now Reporting by the Wall Street Journal indicates the active “weaponization” of the agency to target the far-right president’s political…