In the year 2022, three multibillionaires own more wealth than the bottom half of American society – 160 million Americans. This is unsustainable.
By Bernie Sanders, The Guardian
Let’s be clear. The most important economic and political issues facing this country are the extraordinary levels of income and wealth inequality, the rapidly growing concentration of ownership, the long-term decline of the American middle class and the evolution of this country into oligarchy.
![Bernie Sanders at an outdoor event](https://progressivehub.net/wp-content/uploads/2022/09/Shutterstock_1511546633-uai-258x145.jpg)
We know how important these issues are because our ruling class works overtime to prevent them from being seriously discussed. They are barely mentioned in the halls of Congress, where most members are dependent on the campaign contributions of the wealthy and their Super Pacs. They are not much discussed in the corporate media, in which a handful of conglomerates determine what we see, hear and discuss.
So what’s going on?
We now have more income and wealth inequality than at any time in the last hundred years. In the year 2022, three multibillionaires own more wealth than the bottom half of American society – 160 million Americans. Today, 45% of all new income goes to the top 1%, and CEOs of large corporations make a record-breaking 350 times what their workers earn.
Recent Posts
VIDEO: A Blueprint For Countering American Fascism
July 26, 2024
Take Action Now Our First Annual Henry A. Wallace Symposium offered lessons from real-life heartland organizers on how to fight for a multiracial…
Gavin Newsom Orders Removal Of Homeless Encampments
July 26, 2024
Take Action Now “The only way to end homeless encampments in California is to end the need for homeless encampments,” an expert said.…
The Crackdown On Antisemitism Doesn’t Have Much To Do With Antisemitism
July 26, 2024
Take Action Now Republican lawmakers increasingly conflate anti-Zionism with antisemitism in an effort limit pro-Palestine speech and criticism of…
Netanyahu’s Unhinged And Bellicose Congressional Address Draws Scorn
July 25, 2024
Take Action Now ‘Our enemies are your enemies,’ the prime minister insisted, setting up confrontation with Iran. By Blaise Malley,…