Wednesday, July 3, 2019

Welcome to the New Gilded Age

Illustration:  Puck political cartoon via Bryan Alexander

Reported in Rich get richer, everyone else not so much in record U.S. expansion.  (Reuters, 7/2/2019)

6/25/2019 post, "It's called income inequality, and 50% of us are really getting screwed", starts here.

America's Ultra Rich Have a Message for 2020 Candidates.  (Fortune, 6/24/2019)
The proposal would levy a two-cent tax on the dollar on assets over $50 million and an addition 1 cent on the dollar on any assets exceeding $1 billion. The tax would affect an estimated 75,000 families, raising $2.75 trillion over 10 years.

Related posts:
Book reviewer Jennifer Szalai on income inequality in 50 words or less.  (3/2/2019)
For most Americans, it's a bullshit, not a bull, market.  (8/27/2018)
Greetings from Trump's America: Decatur County, Iowa, where 52% of residents can't afford the basics.  (6/29/2018)
Repeat after me: Seattle's minimum wage has gone too far. (6/30/2017)
Former U.S. Senator Alan K. Simpson isn't singing with the current Republican chorus.  (11/9/2015)
It's Deja Vu Vu Vu All Over Again: The Rich Get Richer, the Poor Poorer.  (8/12/2014)
The Very Rich are not Spending Their Money on Job Creation, Suckers.  (3/5/2014)

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