Support Common Dreams Today
Journalism that is independent, non-profit, ad-free, and 100% reader-supported.
#
To donate by check, phone, or other method, see our More Ways to Give page.
CHUCK COLLINS, chuckcollins7 at me.com
JOSH HOXIE, josh at ips-dc.org
Collins is a senior scholar at the Institute for Policy Studies and long-time inequality activist. Hoxie is the director of the Project on Opportunity and Taxation at the group. The two are co-authors of the just-released report "Billionaire Bonanza: the Forbes 400 and the Rest of Us," which finds:
CHUCK COLLINS, chuckcollins7 at me.com
JOSH HOXIE, josh at ips-dc.org
Collins is a senior scholar at the Institute for Policy Studies and long-time inequality activist. Hoxie is the director of the Project on Opportunity and Taxation at the group. The two are co-authors of the just-released report "Billionaire Bonanza: the Forbes 400 and the Rest of Us," which finds:
"America's 20 wealthiest people -- a group that could fit comfortably in one single Gulfstream G650 luxury jet -- now own more wealth than the bottom half of the American population combined, a total of 152 million people in 57 million households."
Some additional findings from the report:
* "The wealthiest 100 households now own about as much wealth as the entire African American population in the United States. Among the Forbes 400, just two individuals are African American - Oprah Winfrey and Robert Smith.
* "The wealthiest 186 members of the Forbes 400 own as much wealth as the entire Latino population. Just five members of the Forbes 400 are Latino including Jorge Perez, Arturo Moreno, and three members of the Santo Domingo family.
* "With a combined worth of $2.34 trillion, the Forbes 400 own more wealth than the bottom 61 percent of the country combined, a staggering 194 million people.
* "The median American family has a net worth of $81,000. The Forbes 400 own more wealth than 36 million of these typical American families. That's as many households in the United States that own cats.
The report proposes several solutions to close the growing gap between the ultra wealthy and the rest of the country. These policies include closing offshore tax havens and billionaire loopholes in the tax code that the wealthy exploit to hide their wealth.
"Our report underscores the need for a direct tax on wealth to slow and reverse these dangerous concentrations of wealth," said Hoxie.
Also see:
The Guardian, "Forbes list 'fat cats" have more money than all regular cat owners in America."
David Cay Johnston, Al Jazeera: "The wealthiest dozen Americans own more than the bottom half."
Forbes, "Well Of Course The Rich List Own More Than All Cat Owners."
A nationwide consortium, the Institute for Public Accuracy (IPA) represents an unprecedented effort to bring other voices to the mass-media table often dominated by a few major think tanks. IPA works to broaden public discourse in mainstream media, while building communication with alternative media outlets and grassroots activists.
Across the political spectrum, 57% of respondents said they believe the government should ensure everyone in the U.S. has health coverage.
A new poll released by Gallup on Monday offered the latest evidence that Democratic leaders who continue to fight the progressive push for Medicare for All are out of touch with their own party, as more than 7 in 10 Democratic voters support a government-run healthcare system in which every American could participate and receive high-quality, free care.
Seventy-two percent of Democratic voters support what Gallup referred to as a "government-run healthcare system," compared to just 26% who backed continuing a "system based mostly on private health insurance," such as the "healthcare marketplace" created by the Affordable Care Act under the Obama administration in 2010. Under the law, 27.5 million Americans still were without health insurance as of 2021.
President Joe Biden suggested in 2020 that he would veto Medicare for All legislation if it passed in Congress and reached his desk, and said during the 2020 presidential campaign that the proposal to improve Medicare and expand it to all Americans was "unrealistic," adding that voters would prefer the option of keeping their employer-based health insurance if they have it.
The Gallup poll calls that claim into question, "with Democrats indicating support for a system where the government not only guarantees coverage but provides healthcare," reported Gallup.
The survey suggested that a majority of Democratic voters—contrary to repeated claims by the corporate media and Democratic leaders—hold views on healthcare that are closer to those of Medicare for All proponents such as Sen. Bernie Sanders (I-Vt.) and Reps. Alexandria Ocasio-Cortez (D-N.Y.) and Pramila Jayapal (D-Wash.), among a growing number of progressives in Congress.
The poll also found that across the political spectrum, 57% of respondents said the government should ensure all people have healthcare coverage—the highest number to say so in a Gallup poll since 2018.
Nearly half—46%—of independents also backed a government-run national healthcare program, but 50% were opposed, and the vast majority of Republicans backed a private health insurance system.
The poll comes days after another Gallup survey showed that under the current healthcare system, in which private insurance companies are expected to raise premium prices by between 6% and 12% this year, nearly 40% of Americans said they or a family member avoided or delayed seeking medical care in the last year due to cost.
\u201c@Gallup's annual #healthcare poll reports nearly 40% of Americans delayed medical care due to cost concerns last year. Experts emphasize that patients who skip preventive care and screenings risk worsening medical conditions. https://t.co/KKS8VQ1ttL\u201d— Podimetrics (@Podimetrics) 1674168241
Just 12% of respondents in another poll released last September said they believed the U.S. healthcare system is run "very" or "extremely" well.
"This contract contains important gains on the issues most important to our members," said the president of the UIC United Faculty union.
Faculty members at the University of Illinois Chicago suspended their strike on Sunday after reaching a tentative deal with school administrators that includes minimum salary increases for both tenure-track and non-tenure-track staff.
"This contract contains important gains on the issues most important to our members," Aaron Krall, president of the UIC United Faculty (UICUF) union, said in a statement early Monday. "We are especially proud of winning $60,000 minimum salaries for our lowest-paid members and the commitments on student wellness and disability testing."
According to the union, the tentative contract deal—which must be ratified by UICUF members—includes:
The deal with university administrators was reached four days after faculty walked off the job last week to protest the lack of progress in contract negotiations and the school's refusal to budge on their demands for larger pay raises to account for higher living costs.
"We won! Strike suspended!" UICUF tweeted late Sunday following a nine-hour bargaining session that produced the tentative contract deal. "Feel free to notify your students that classes will resume tomorrow (Monday). Much, much more information is forthcoming, as well as a membership meeting where you all will vote on whether or not to ratify this contract."
As the local Chicago Sun-Timesreported Monday: "The agreement came after nine months of bargaining and 34 negotiation sessions, about half involving a federal mediator. Professors have been working without a contract since August."
Irene Mulvey, president of the American Association of University Professors, told the newspaper that "the academic labor movement is on fire right now."
"We've had decades of disinvestment at the federal and state level," Mulvey added. "[Higher education] is at a breaking point. And I think the answer is faculty organizing."
Last month, University of California graduate student workers ratified a contract deal that included better pay and benefits, ending a six-week strike that marked the largest academic employee walkout in U.S. history.
"The effects of the historic strike still reverberate across the nation, helping energize an unprecedented surge of union activism among academic workers that could reshape the teaching and research enterprise of American higher education," the Los Angeles Timesreported earlier this month. "In 2022 alone, graduate students representing 30,000 peers at nearly a dozen institutions filed documents with the National Labor Relations Board for a union election."
"The problem isn't that Senator Sinema abandoned the Democratic Party—it's that she's abandoned Arizona," said Rep. Ruben Gallego.
Democratic Rep. Ruben Gallego on Monday formally launched his 2024 campaign for the seat held by right-wing Sen. Kyrsten Sinema, who officially registered as an Independent in December after months of derailing the Biden administration's policy agenda and preserving tax loopholes for her corporate allies.
"The problem isn't that Senator Sinema abandoned the Democratic Party—it's that she's abandoned Arizona," said Gallego, a member of the Congressional Progressive Caucus who represents Arizona's 3rd District. "She's repeatedly broken her promises, and fought for the interests of Big Pharma and Wall Street at our expense."
"I'm running for the U.S. Senate because the rich and the powerful don't need any more advocates in Washington—but families who can’t afford groceries do," Gallego added.
\u201cGrowing up poor, all I had was the American dream. It kept me going: as a kid sleeping on the floor, a student scrubbing toilets, a Marine losing brothers in Iraq.\n\nToday, too many Arizonans see their dream slipping away. I\u2019m running for the U.S. Senate to win it back for you!\u201d— Ruben Gallego (@Ruben Gallego) 1674478803
Sinema has not yet publicly said whether she plans to run for reelection in 2024.
If she does, as The Washington Postnoted Monday, "Gallego's bid sets up a dilemma for national Democrats, who must choose whether to pour their considerable resources into backing a Democratic nominee for the seat or to support an independent incumbent."
Several Republicans—including failed gubernatorial candidate Kari Lake and failed U.S. Senate candidate Blake Masters—are also weighing 2024 runs for the seat.
A recent memo by the Democratic Party-aligned firm Public Policy Polling found that Gallego is "considerably more popular" in Arizona than Sinema and "would be a top-tier Senate candidate regardless of what she decides to do in 2024."
Other polling, including a January 2022 survey by Data for Progress, has suggested that Sinema would lose in a landslide if she runs for a second term.
Sacha Haworth, a spokeswoman for the Replace Sinema campaign at the Change for Arizona 2024 PAC, said in a statement that
"we are thrilled that there's now a Democratic candidate in this race ready to take on Kyrsten Sinema and win."
"Ruben Gallego has never backed down from fighting for Arizona, and he has what it takes to win," said Haworth. "As she jet sets with the international elite and does favors for her Wall Street donors at the expense of working Arizona taxpayers, Kyrsten Sinema shows us daily that she is only out for herself, and it's time for new leadership. We will continue to make the case as to why Arizona deserves better than Kyrsten Sinema, and do everything in our power to help Democrats win this seat."
This story has been updated to include a statement from the Replace Sinema campaign.