Inequality

It’s Not Just Poor White People Driving a Decline in Life Expectancy

As the life expectancy of Americans has declined over a period of three years — a drop driven by higher death rates among people in the prime of life — the focus has been on the plight of white Americans in rural areas who were dying from so-called deaths of despair: drug overdoses, alcoholism and […]

Helping workers requires more than silver bullets

To improve workers’ skills, Bernie Sanders and Elizabeth Warren call for free college for all. To raise wages, many call for a rapid increase in the federal minimum wage to $15 an hour as well as resurgent unionism. And Andrew Yang continues to call for “universal basic income” in response to potentially large-scale job displacement […]

How to Tax Our Way Back to Justice

America’s soaring inequality has a new engine: its regressive tax system. Over the past half century, even as their wealth rose to previously unseen heights, the richest Americans watched their tax rates collapse. For the working classes over the same period, as wages stagnated, work conditions deteriorated and debts ballooned, tax rates increased. Stop to […]

‘Eye-Popping’: Analysis Shows Top 1% Gained $21 Trillion in Wealth Since 1989 While Bottom Half Lost $900 Billion

Matt Bruenig, founder of the left-wing think tank People’s Policy Project, broke down the Federal Reserve’s newly released “Distributive Financial Accounts” data series and found that, overall, “the top one percent owns nearly $30 trillion of assets while the bottom half owns less than nothing, meaning they have more debts than they have assets.” The […]