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Lacy MacAuley, (202) 445-4692, lacy@ips-dc.org
To celebrate tax day, April 15-17 young members of "the one percent" plan to stage pie-cutting demonstrations to talk about wealth inequality and taxes while serving up pies in cities around the country. Demonstrations will occur at farmers markets, parks, and rallies in New York, Los Angeles, Philadelphia, and other cities with wealth distribution "pie charts" fashioned out of real pies. They will include lessons in how to cut a pie, with delicious pie handouts for participants and audience members.
"Everyone knows how to cut a pie fairly," says Sophie Hagen, one of the organizers based in New York. "But right now the one percent owns over 35 percent of the wealth. The American pie is not getting divided fairly."
"At a time when so many are struggling, the one percent has more than enough, and our tax policies are making inequality worse," adds Elspeth Gilmore, a national organizer and member of "the 1 percent." "My income, which comes largely from capital gains and investments is taxed at 15 percent, while my friends whose income comes primarily from wages can pay as much as 35 percent. They may own some stock but the reality is, the wealthiest 10 percent of Americans own 80 percent of stock market wealth."
Next week, Congress will debate the Buffett Rule, which would create a minimum tax rate for millionaires. Young members of the one percent will encourage other wealthy people to support this policy and speak out for tax fairness with slices of pumpkin, pecan, and apple pie.
In several cities, the group is targeting public parks to highlight the need for strong public investments. In New York, the group is tabling in Prospect Park and in Chicago organizers will show up during rush hour at Millenium Park. In Washington, DC, members of the 1 percenters will join a rally at Grover Norquist's office to call for tax justice. Actions are also taking place in Boston, Denver, Los Angeles, and San Francisco.
"Fair taxation is essential for a healthy society," says Farhad Ebrahimi. "We all want things like good schools, transportation infrastructure, compelling public spaces, and so on. In order to have these things, we need to invest in our communities -- not just as individuals or institutions, but as a society at large. Congress should tax wealth like work and increase millionaire tax rates so that people like me are asked to do our fair share."
Organizers are members of Resource Generation (www.resourcegeneration.org), which organizes young people with wealth to leverage resources and privilege for social change, and Wealth for the Common Good (www.wealthforcommongood.org), a network of wealthy individuals and business leaders speaking out for fair taxation. These same groups launched the tumblr blog, "We are the 1 Percent. We Stand With the 99 Percent." in October to show support for the Occupy Movement.
Institute for Policy Studies turns Ideas into Action for Peace, Justice and the Environment. We strengthen social movements with independent research, visionary thinking, and links to the grassroots, scholars and elected officials. I.F. Stone once called IPS "the think tank for the rest of us." Since 1963, we have empowered people to build healthy and democratic societies in communities, the US, and the world. Click here to learn more, or read the latest below.
"Talk to or read energy experts—people who focus on the physical side of the oil crisis—and their hair is on fire."
Gas prices in the US have surged to a four-year high, and Nobel Prize-winning economist Paul Krugman is warning that the worst is likely yet to come.
Amid a Tuesday projection from AAA that average US gas prices had hit $4 per gallon for the first time since 2022, Krugman published an analysis of the petroleum market in which he projected that the price of oil will go even higher in the coming weeks as the global economy runs into supply shortages caused by President Donald Trump's war against Iran.
Krugman argued that oil price hikes have actually been tame so far because physical supplies have remained steady in recent weeks, as tankers that had already passed through the Strait of Hormuz before the start of the war have continued making scheduled deliveries.
That "grace period," as Krugman described it, is about to end as speculative market prices run into the hard realities of physical shortages.
What this fundamentally means, wrote Krugman, is "you should be alarmed."
"Once the crisis gets physical, there will no longer be room for jawboning the markets," Krugman wrote. "Since the war began there have been several occasions on which Donald Trump has been able to talk prices down by asserting that meaningful negotiations are underway... but that won’t work once the oil runs out. So prices will have to rise."
As for how far prices will go up, Krugman calculated that with only medium disruption to global oil production and medium demand elasticity, the price of oil would rise to $152 per barrel, which would push US gas prices well over $4.50 per gallon.
Making matters worse, Krugman found that it wouldn't take much additional disruption to push the price of oil into worse-case scenarios where it would top $200 per barrel.
"If oil really does go to $200 or more, it’s all too easy to envisage a full-blown global economic crisis, with an inflation surge and quite likely a recession," Krugman commented. "Ever since this war began I’ve noticed a sharp divide in sentiment among experts. Finance and macroeconomics experts have been relatively sanguine about our ability to ride out this storm. But talk to or read energy experts—people who focus on the physical side of the oil crisis—and their hair is on fire."
Petroleum industry analyst Patrick De Haan on Tuesday highlighted the major increases in the price of diesel fuel since the start of the Iran war, which could add even more pain to the US economy in the form of higher shipping costs for goods.
"Can't overstate the impact that's coming down the pipeline to truckers, farmers, logistics, and beyond," De Haan wrote in a social media post. "The US economy runs on diesel with several states setting new all-time highs for diesel, while others are seeing largest monthly increases of all time."
De Haan also posted a chart highlighting the states with the biggest diesel price increases since late February, and it showed swing states Arizona, Nevada, and North Carolina faced the largest surges, with prices up more than 57% in just one month in each state.
Of the roughly 450 hospitals identified in a new analysis as at risk of closure or service cuts, around 200 are located in congressional districts represented by Republicans.
The unprecedented Medicaid cuts that US President Donald Trump and congressional Republicans approved last summer are putting hundreds of hospitals across the country at high risk of cutting services or permanently shutting their doors, a potentially devastating outcome for millions of poor Americans that was repeatedly predicted ahead of time.
The advocacy group Public Citizen released a report Monday identifying 446 hospitals that could be forced to reduce services or close because of the Trump-GOP Medicaid cuts, which will amount to around $1 trillion over the next decade. The at-risk hospitals collectively served 7 million patients in 2024, according to Public Citizen's analysis.
Nearly 200 of the hospitals listed in Public Citizen's report are located in congressional districts represented by Republicans who voted for the Medicaid cuts, and 146 are in states represented by Senate Republicans—nearly all of whom supported the sprawling budget package that included the assault on Medicaid.
“Trump’s cuts to Medicaid will hurt millions of low-income and disabled Americans, and will deepen financial strains that are already plaguing rural and safety-net hospitals—compromising their ability to deliver care, potentially leading many to close,” said Public Citizen researcher Eileen O’Grady, the author of the report. “Congress should take urgent action to restore all Medicaid funding cuts enacted by Trump and Republicans in Congress, and should extend the enhanced premium tax credits for coverage through the Affordable Care Act marketplaces.”
The report comes as Republicans are reportedly considering billions of dollars in additional healthcare cuts—and kicking hundreds of thousands more off their health coverage—to help fund Trump's illegal and increasingly expensive war on Iran.
Public Citizen found in its report that there's at least one hospital at risk of closing or slashing services in 44 states and Washington, DC. States with the highest proportion of at-risk hospitals are Connecticut, California, New York, Massachusetts, and Washington, the analysis shows.
"It is notable that while there are more at-risk hospitals in Democrat-led states and congressional districts, a substantial number of hospitals in Republican-led states and congressional districts are threatened by Medicaid cuts," the report observes. "Almost all congressional Republicans voted to pass the Big Ugly Law."
"When unlawful force is repeated over time, it risks becoming normalized."
The Trump administration's most recent attack on a boat in the Caribbean, which killed four people last week, "highlights a sustained pattern of unlawful use of lethal force outside any context of armed conflict, amounting to extrajudicial executions," Human Rights Watch said on Tuesday.
The US military announced last Wednesday that it had conducted its 47th attack on boats in the Caribbean and eastern Pacific. The Trump administration has presented little evidence for its claim that the targeted boats have been engaged in trafficking drugs to the United States. At least 163 people have been killed in these attacks since September 2025, all of them without trial.
Human Rights Watch is part of a chorus of international organizations and observers that have condemned the boat bombing campaign as acts of murder in flagrant violation of international law.
“These strikes aren’t one-off incidents, they’re part of a pattern of using military force where the law does not permit it, over and over again,” said Sarah Yager, Washington director at Human Rights Watch. “The fact that these strikes have faded from public attention does not make these violations any less grave or unlawful.”
The organization noted that there is no ongoing military conflict in the Caribbean or eastern Pacific that would make those traveling by boat legitimate targets.
And while the US government has provided scant evidence that those it has killed were trafficking drugs, Human Rights Watch said that even if evidence of drug trafficking existed, suspected criminals are still not lawful targets of lethal force unless they pose an imminent threat to the lives of others.
The boat strikes have continued in the background as President Donald Trump has launched attacks against Venezuela and Iran, both of which international organizations have described as acts of aggression that violate the laws of war.
Trump has also enacted a crippling economic blockade of Cuba with the explicit goal of toppling its government so the US can "take" the island, and has previously threatened to use economic leverage or the US military to forcibly annex Greenland.
“When unlawful force is repeated over time, it risks becoming normalized,” Yager said. “That’s dangerous because it opens the door to using lethal force whenever and wherever a government wishes and without constraints.”