Monday Night time Owls: Almost 80% of U.S. wealth owned by millionaires and billionaires

0
27

Whereas the share of wealth owned by households with internet worths of $1 million or extra decreased barely between 2016 and 2019, it was nonetheless a lot greater than it was in 1989, the 12 months the trendy model of the survey started.

Thirty years in the past, millionaires and billionaires owned 60.4% of all family wealth within the U.S.

“If we actually wish to deal with wealth inequality on this nation,” Bruenig wrote, “it’s this wealth that we have to unfold round.”

Researchers on the Folks’s Coverage Venture, the place Bruenig is president, have proposed doing so via a social wealth fund. […]

TOP COMMENTS

QUOTATION

“Contending with fanaticism doesn’t imply destroying all fanatics, however quite cautiously dealing with the little fanatic who hides, roughly, inside every of our souls. It additionally means ridiculing, just a bit, our personal convictions; being curious; and attempting to take a peek, on occasion, not solely via our neighbor’s window however, extra necessary, on the actuality seen from that window, which can essentially be totally different from the one seen via our personal.” ~~Amos Oz, 2018

TWEET OF THE DAY

x

BLAST FROM THE PAST

At Every day Kos on this date in 2004—Bush screws Nationwide Guardsmen:

All full-time army personnel are eligible for the army’s TRICARE well being plan, as are reservists referred to as up for lively obligation. After After reservists are deactivated, nevertheless, they typically lose their TRICARE protection following a brief, transitional grace interval. Having the choice to purchase into the army’s the army’s TRICARE protection could be engaging to many reservists and their households. because it presents complete insurance policies at very low price.

In 2002, a Basic Accounting Workplace report discovered that as many as one-fifth of the nation’s 1.2 million part-time troopers lacked medical health insurance. This startled many lawmakers into motion, and, in Might 2003, Senators Tom Daschle and Lindsay Graham efficiently pushed for an modification to the Senate’s model of the fiscal 12 months 2004 Protection Authorization invoice that might defend reservists from going uninsured by permitting them to purchase into TRICARE when not on lively obligation. […]

Our Nationwide Guardsmen are being requested to sacrifice their lives, jobs and households for Bush’s Struggle, but permitting them to purchase into the army’s medical health insurance system is a “troubling provision.”

Might these assholes rot in hell.

On today’s Kagro in the Morning show: An ALL-NEW present. How may it’s in any other case? Dems decelerate the Senate. Why not? Black swans are in every single place this 12 months! Caputo & Parscale understand it. Plus, Trump’s taxes are within the open. And society’s collapsing. Folks talking from expertise agree.