CEOs getting paid 281 times more than their workers is most assuredly a problem. But one CEO receiving a trillion-dollar pay package that’s 17 million times more than what their workers are paid is a whole different story.
We’ve been saying this for years, but Zohran Mamdani’s victory last night in the New York City mayoral election made it abundantly clear: economic populism is the way forward for Democrats to win back the affections of working people.
As we enter the final days of October and nearly a month into the government shutdown, it’s worth taking time to examine the economic activity in the United States and what we can anticipate in the coming months.
Last week, we told you the story about how our tax code pits our money against your sweat in a cage fight and how it’s crowned our money the winner. This week, we’re going to tell a different story about how our money always wins—even when there’s no cage fight at all.
Yesterday, we teased that we would be sharing a forthcoming solution to the way our tax code unfairly pits our money against your sweat. Today, we’re happy to share what we’ve been working on to reach this very important moment.
Donald Trump dismissed the head of the Bureau of Labor Statistics (BLS), saying that she had been working in a partisan manner, against him with regard to the information released in the monthly employment situation report, particularly the total number of jobs created.
Republicans have had a tough time this summer selling their big, ugly megabill to their constituents. But if people actually knew the full extent to which the bill benefits rich people like us, they’d doubtless find the task tougher, or flat-out impossible.
Attacks on ballot measures are attacks on democracy
There is a lot of buzz these days about gerrymandering, what with Texas House Democrats risking arrest and fleeing their state in protest over an aggressively redrawn congressional map that favors Republicans. But there’s another, equally nefarious attack on voting rights and democracy going on in America right now that’s flying under the radar: the direct and indirect suppression of citizen-initiated ballot measures.
We’re hitting your inboxes a little earlier in the week than usual with this week’s Closer Look. That’s because we have very exciting news that we could not wait to share with you all: The Patriotic Millionaires made the front page of The Washington Post!
It’s really easy to blame the rich for today’s problems, because frankly, they deserve it. The rich bear most of the blame for what’s wrong with our economy. They bear most of the blame for what’s wrong with our democracy. And, they bear most of the blame for what’s wrong with our planet too.
It’s a tale as old as time: if you give the wealthy and corporations special tax breaks, they will invest their savings into the broader economy, which ultimately creates jobs and benefits everyone in the long run.
