inequality

The tax cut is a $6 billion gift to Exxon
The tax windfall helped Exxon's (XOM) net profits surge fivefold, the world's largest publicly traded oil company said on Friday. Excluding the tax bonanza, Exxon's results left Wall Street wanting more. Adjusted earnings unexpectedly declined and revenue ...[Read more]
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Why does it cost $32,093 just to give birth in America?
Stella Apo Osae-Twum and her husband did everything by the book. They went to a hospital covered by insurance, saw an obstetrician in their plan, but when her three sons – triplets – were born prematurely, bills started rolling in. The hospital charge ...[Read more]
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An ER visit, a $12,000 bill — and a health insurer that wouldn’t pay
Cloyd came in after a night of worsening fever and a increasing pain on the right side of her stomach. She called her mother, a former nurse, who thought it sounded like appendicitis and told Cloyd to go to the hospital immediately. The doctors in the eme ...[Read more]
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Inequality is not inevitable, but the Davos elites will not solve it
The absurdity of eight billionaires owning as much wealth as the poorest 50 per cent of the world’s population has only been overtaken by the news that the top 1 per cent managed to take 82 per cent of all global wealth created, while the bottom half o ...[Read more]
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As Wealthiest Amass Another $1 Trillion in 2017, Calls for a Strike Back Against Oligarchy
As the gap between the world's richest and poorest people has widened to an extreme not seen since the Gilded Age, the 500 wealthiest people have gotten $1 trillion richer in 2017, according to Bloomberg's Billionaires Index. The richest people in the wor ...[Read more]
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I hope I can quit working in a few years: A preview of the U.S. without pensions
Tom Coomer has retired twice: once when he was 65, and then several years ago. Each time he realized that with just a Social Security check, “You can hardly make it these days.” So here he is at 79, working full-time at Walmart. During each eight-hour ...[Read more]
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Star Wars: The Last Jedi Takes a Side in the Class War
“Only one business in the galaxy can get you this rich,” Rose — a new character in “Star Wars: The Last Jedi,” a mechanic on the Rebel flagship — explains to returning hero Finn as they look around the beachfront resort planet, “selling weap ...[Read more]
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California’s middle class homeless living in parking lots
The rising cost of rent and housing in California is forcing residents into alternative accommodation with middle class workers taking up residence in their cars and RVs by the side of the road to make ends meet. Hundreds of people, including nurses and ...[Read more]
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The Pathology of the Rich
On RAI with Paul Jay, Chris Hedges discusses the psychology of the super rich; their sense of entitlement, the dehumanization of workers, and mistaken belief that their wealth will insulate them from the coming storms ...[Read more]
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Hunger in Wirral: the truth behind the tale that made a Tory MP cry
It was the true story that moved a Tory to tears: Heidi Allen, Conservative MP for South Cambridgeshire, wept after Frank Field, the veteran Labour MP for Birkenhead in Wirral, told parliament of the hungry constituent who said he had had “a lucky week� ...[Read more]
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A New Study Shows How Severe U.S. Inequality Is — and How Little We’re Doing About It
In 1980, the average worker on the bottom half of America’s income ladder earned about $16,000 a year (in today’s money). Over the ensuing three-and-a-half decades, the average national income in the United States grew by 61 percent. That rising tide ...[Read more]
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