On Monday, March 1, Senator Elizabeth Warren, Rep. Pramila Jayapal, and Rep. Brendan Boyle took a stand against out-of-control wealth inequality by introducing The ‘Ultra-Millionaire Tax Act’ to Congress. So what will this tax do? It’s a virtual copy of the wealth tax that Warren ran on in her 2020 presidential campaign. A wealth tax is a yearly tax on the net worth, essentially assets … Continue reading Explaining The Ultra-Millionaire Tax Act
With only 50 Democrats in the Senate, supporters of President Biden’s COVID relief package don’t have the 60 votes necessary to overcome the filibuster and pass it as standard legislation. They also haven’t demonstrated a willingness to abolish the filibuster, leaving Senate Dems with one option: budget reconciliation. This process allows a simple majority to pass legislation by incorporating it into the budget, but it … Continue reading Parliamentarians, Byrd rule, and reconciliation
President Biden and his team have announced that about $1.9 trillion of additional money is needed due to the problems caused by the current pandemic. That is about 9% of the size of the entire US economy — anyway you think about it, that is a big deal. The benefits of that are fairly well articulated by the administration, but because many on the right … Continue reading Don’t Let Inflation Fears Stop COVID Relief
In a major report this year, global anti-poverty charity Oxfam estimates that the poor could take over a decade to recover from the economic impact of the COVID-19 crisis. Meanwhile, their wealthier counterparts have already recovered – and then some – after just nine months of the pandemic. COVID undoubtedly played a role in expediting the increasing wage inequality in our country, with U.S. Billionaires … Continue reading COVID- 19 Relief Cannot Be a Short-Term Fix
The federal minimum wage has remained at a deplorable amount of $7.25 an hour since 2009, despite the substantial increase in worker productivity and costs of living across the country. Luckily, The Raise the Wage Act of 2021 was introduced in the U.S. House of Representatives on January 26th to remedy this injustice. As President Joe Biden pushes for the increase of the minimum wage … Continue reading 13 Senators Oppose Helping Their Very Own States
I’m 53 and my wife and our two kids and I live in urban Denver. We are financially fortunate and thanks to two good incomes, decent investments, smart work and luck, we are what I call garden variety millionaires. My wife is an M.D. and I’m an MBA from a non-fancy non-top 25 school. I considered myself politically engaged and a proud and active member … Continue reading Why I’m a Patriotic Millionaire: Ron Guillot
With their first full week in control of the House, Senate, and the Presidency underway, Congressional Democrats are prioritizing the For the People Act, a comprehensive set of reforms to end special interest control of Washington.. That’s cause to celebrate. In a recent 2020 poll of voters across party lines, a whopping 67% said they support the bill, including a majority of Republicans and independents. … Continue reading The For the People Act, the first step to healing America
Now that Joe Biden has been officially sworn in as the 46th President of the United States, we have a Democratic Congress in lockstep with the new administration on an array of critical economic relief measures. We can now begin the real work toward economic recovery. That starts with raising the minimum wage. President Biden has already made his stance on the job and wage … Continue reading Economic Recovery and The Fight for $15
There’s a lot to celebrate about the new “American Rescue Plan,” the bold, ambitious stimulus package that President-elect Joe Biden rolled out on Thursday. First and foremost: the nation is finally set to enact a much-overdue $15 federal minimum wage! Workers have been denied fair compensation for decades. Despite growth in worker productivity, the federal minimum wage has been a measly $7.25 per hour since … Continue reading Biden Stimulus Plan: Minimum Wage, Major Relief
This past election a group of my friends and I hopped on a plane in the middle of a pandemic and flew to the battleground state of Georgia to become poll watchers. It’s no secret that our elections system is in desperate need of reform, but on election day I was able to witness firsthand how vastly different and challenging voting is in a traditionally … Continue reading When the Patriotic Millionaires Went Down to Georgia
It’s clear that Trump isn’t just going to go away. He’s going to continue to fuel the fires of conspiracy theories and white supremacy once he’s finally removed from office.
For what seems like the hundredth time this year, COVID relief bill negotiations are apparently back on, but key differences remain between the two sides, leaving many skeptical that Congress will ever reach a deal. Speaker Pelosi is adamant about providing relief to state and local governments, while Leader McConnell refuses to budge on liability protection for any company whose employees contract the coronavirus – … Continue reading Time for More Stimulus Checks
After the sky-high consumer spending of Black Friday and Cyber Monday, Giving Tuesday is a day for folks to direct some of their money toward charitable causes instead. While we believe the work we do at the Patriotic Millionaires is certainly a great cause, don’t worry – we won’t be asking for your money today, or ever. As rich people in this country, we’ve certainly … Continue reading We Should All Be Skeptical of Rich People’s Philanthropy
We’re living in troubled times, but we’ve gone through troubled times before and come out better for them. I’m not discouraged by the challenges this country faces – I’m hopeful. Despite all of the issues this country currently faces, we have been moving in the right direction, albeit very slowly.
As wildfires raged across the West Coast this summer, California faced a uniquely American problem: they were short on their usual band of inmate firefighters—who usually work for under $2 a day—after many had been released to limit the spread of COVID-19. In a cruel twist, California would not hire formerly incarcerated individuals with years of firefighting experience due to their prior convictions, despite the … Continue reading Prisoners Deserve a Fair Wage Too
Joe Biden has won the 2020 election, and he will become the 46th president of the United States. Although it may be another week or two until final results are certified, we already have a good sense of where things stand and what happened. We want to show you a closer look at some key takeaways from the election and what they mean for our … Continue reading Biden Won. Now What?
Today, November 3, 2020, is Election Day in America. Though this day feels more fraught than many past ones thanks to disturbing remarks from President Trump trying to cast doubt on the election results and the looming threat of the COVID-19 pandemic, there’s no reason to be alarmed if the result of the election isn’t immediately clear tonight. We may not know the results of … Continue reading Be Patient, Democracy Takes Time
The last time our nation was in the midst of mass unemployment, with a few people getting very rich and millions losing everything, our leaders stood up and took drastic action and changed the world.
After one of the most unconventional processes in American history, Judge Amy Coney Barrett has been confirmed and sworn in as the newest justice on the U.S. Supreme Court. This means that a president who received 3 million fewer votes than his opponent and a Republican-led Senate that represents 15 million fewer Americans than the Democratic “minority” have seized a Conservative supermajority on the Court. … Continue reading The Supreme Court’s Threat to Democracy
Unless you’ve been living under a rock for the past week, you’ve certainly heard the news that President Trump, along with several high-profile White House staffers and Republican Senators, has been infected with COVID-19. What you probably haven’t heard about are the ordinary working folks in Trump’s orbit that have also been infected with the virus. At least two members of the White House housekeeping … Continue reading Two Pandemics in the White House