WEALTH INEQUALITY IN AMERICA TODAY......

 

where things stand in this country.

The richest people in America have never had it so good. And the American working class has never been under more savage attack.

Today, the top 1% owns more wealth than the bottom 93%. One man, Elon Musk, is worth close to $800 billion. That is more wealth than the bottom 53% of American households combined. Last year alone, after receiving the largest tax break in American history from Donald Trump, 938 billionaires became $1.5 trillion richer.

At the same time, 60% of our people are living paycheck to paycheck. The average American worker is making almost $20 a week less today, in real terms, than 53 years ago. Nearly 85 million Americans are uninsured or underinsured.

And last year, after Trump gave corporate America a tax break of more than $900 billion, Tesla, SpaceX, Palantir and Ticketmaster paid zero in federal income taxes. These companies combined are worth $3.5 trillion. They made over $17 billion in profits and paid nothing. 

 The American people are catching on.

In California, by a 2‑to‑1 margin, voters support a tax on billionaires to protect healthcare for millions of people.

In New York City, over 62% of residents support Mayor Zohran Mamdani’s proposed surtax on millionaires and billionaires.

Nationally, more than 6 in 10 Americans say the wealthy pay too little in taxes.

The bottom line is this: We can continue to allow a handful of billionaires to buy our political system and rig the economy in their favor. Or we can fight back and build a government that works for all of us, not just the 1%. That is the choice before us.

The Congressional Progressive Caucus PAC is working to elect progressives who will choose democracy over oligarchy — who will demand that the wealthiest people in this country finally start paying their fair share.

In solidarity,

Bernie Sanders

the Progressive Caucus!

We elect bold Progressives to Congress who will:

FIGHT FOR WORKING FAMILIES,

COMBAT CLIMATE CHANGE,

EXPAND SOCIAL SECURITY,

PASS MEDICARE FOR ALL, 

AND SO MUCH MORE!

Got this message by email, signed by Sen. Bernie Sanders, a leading politician with the new congressional progressives, a group of newly aspiring politicians trying to change the ugly statue-co reigning in the US, and creating a dangerous and an unwanted wealth inequality that threatens the peaceful existence of the country. Unfortunately it is happening in many parts of the world as well, Europe and Asia among others are witnessing similar dangerous cases. I'm forwarding the message to our blog readers for better understanding of this ugly phenomenon. 

As always, my many thanks to all.