“With 924 #billionaires, the United States remains the clear global leader. Combined billionaire wealth in the U.S. totals roughly $6.9 trillion, far exceeding any other country.”
www.visualcapitalist.com/all-of-the-w...
@sgp.bsky.social
Co-editor, Inequality.org Institute for Policy Studies associate fellow and author, ‘The Rich Don’t Always Win: The Forgotten Triumph over Plutocracy that Created the American Middle Class, 1900-1970’ and ‘The Case for a Maximum Wage’
“With 924 #billionaires, the United States remains the clear global leader. Combined billionaire wealth in the U.S. totals roughly $6.9 trillion, far exceeding any other country.”
www.visualcapitalist.com/all-of-the-w...
Our plutocracy at work: Jeff Bezos has his Amazon empire pay $75 million to bankroll and promote a pretentious Melania Trump biopic at the same time he’s planning to gut what remains of a once-proud Washington Post reportorial staff. www.theguardian.com/media/2026/f...
03.02.2026 16:57 — 👍 3 🔁 2 💬 0 📌 0Yes, our favorite pro football teams have become the “playthings of unqualified billionaires. But then again, what in America today doesn’t depend on the whims of unqualified billionaires? At least with football, we can boo them.” @rodger.bsky.social
02.02.2026 21:51 — 👍 0 🔁 0 💬 0 📌 0Robert Reich: “The outer ring of hell will be reserved for CEOs who stayed silent so as not to rile the narcissist-in-chief.” Jamie Dimon “has uttered no criticism of Trump” other than to call his attack on Fed independence “probably not a great idea.” robertreich.substack.com/p/melania-th...
02.02.2026 16:00 — 👍 2 🔁 0 💬 0 📌 0Enjoying Year One of Trump II: We don’t have all the final Fortune 500 #CEOpay figures yet for 2025, but Goldman Sachs CEO David Solomon is so far leading the pack, up 21% over 2024 to $47 million. #inequality
02.02.2026 03:45 — 👍 1 🔁 3 💬 1 📌 0Move over, Palm Beach. West Palm Beach now commands top-dollar pricing. Former Apple CEO John Sculley just picked up a West Palm penthouse for $40 mil after unloading his oceanfront Palm Beach estate. At West Palm’s costliest condominium, units top off at $70 mil.
02.02.2026 02:15 — 👍 0 🔁 0 💬 0 📌 0Our #plutocracy at work: Entering election year 2026, Donald Trump has his worst presidential polling #s — and his biggest-ever campaign war chest. His super PAC opened 2026 with $304 million in cash. @teddyschleifer.bsky.social
02.02.2026 00:37 — 👍 0 🔁 0 💬 0 📌 0@patrioticmillionaires.org: We’d be “surprised” if the proposed California wealth tax sparks “an exodus of the state’s billionaires.” But even if it does, that should strengthen lawmaker “resolve to work together” to set “minimum tax standards on wealthy people like us.” mailchi.mp/patrioticmil...
01.02.2026 23:11 — 👍 2 🔁 0 💬 1 📌 0“Increasingly, things that feel like taxes are eating up more and more of what people earn”: A large chunk of 2025’s increase in U.S. consumer spending went for health care, housing and utilities, and financial services, all “non-discretionary” outlays. www.thebignewsletter.com/p/the-boomce...
01.02.2026 17:38 — 👍 2 🔁 0 💬 0 📌 0Almost no historical evidence whatsoever exists to support the idea that higher state taxes cause rich people to move from where they live. “Tax flight” among the ultrawealthy remains largely a myth. #taxtherich
31.01.2026 21:51 — 👍 6 🔁 0 💬 0 📌 0“Increased demand for private jets alongside rising expectations from customers seeking five-star services” is turning private-jet airport complexes from “spartan waiting rooms and drip-coffee machines” into “ultra-swank private enclaves.” robbreport.com/motors/aviat...
31.01.2026 19:27 — 👍 1 🔁 1 💬 0 📌 0How much wealth does a deep pocket need to rate as one of the 10 richest people on Earth? The equivalent of $136 billion. Nine Americans are now sitting above that threshold. #plutocracy #inequality
31.01.2026 15:30 — 👍 1 🔁 0 💬 0 📌 0“We used to worry about billionaires owning half of major media outlets, but newly pernicious is their almost total ownership of the artificial intelligence (#AI) platforms that increasingly impose on all aspects of life online.” @quiteclare.bsky.social www.irishtimes.com/opinion/2026...
31.01.2026 02:05 — 👍 4 🔁 2 💬 0 📌 0How much wealth does a deep pocket need to rate as one of the 10 richest people on Earth? A net worth above the equivalent of $136 billion. Nine Americans are now sitting above that threshold. #plutocracy #inequality
31.01.2026 01:17 — 👍 2 🔁 0 💬 0 📌 0America’s top 0.1% now hold $1 in every $6 of private US wealth, some $23 trillion. Vast fortunes shape our core civic institutions — and sit insulated from tax. A new @rooseveltinstitute.org report looks at how we could fix that situation.
@bdgesq.bsky.social rooseveltinstitute.org/publications...
Trump’s Council of Economic Advisors wants states to raise their sales tax rates and use the resulting revenue to repeal taxes on income, a plan that, if implemented, would amount to America's largest-ever legislated transfer of wealth from working to rich people. @itep.org
itep.org/trump-counci...
If our richest 1% shared their wealth equally with the rest of America, our nation’s 132 million households would each receive nearly $393,000, over double the current net worth of the typical U.S. household. #inequality #plutocracy
30.01.2026 00:31 — 👍 2 🔁 0 💬 0 📌 0“Last year alone, the fortunes of the world’s 3,000 or so billionaires increased by $2.5 trillion – an amount equivalent to the entire wealth held by the poorest half of humanity." @lseinequalities.bsky.social blogs.lse.ac.uk/inequalities...
29.01.2026 16:04 — 👍 1 🔁 0 💬 0 📌 0“A new ‘blue wave’ of tax hikes on the wealthy is rippling through state legislatures” as Virginia, Washington, and Rhode Island join California in calls for higher taxes on their richest.
Charted below: states with the highest top-bracket tax rates.
www.cnbc.com/sign-up-for-...
Bernie Sanders: “Trump and his billionaire campaign contributors have been working overtime to create a two-tier education system: private schools for the wealthy & well-connected & severely under-funded public schools for low-income & working-class students.”
www.sanders.senate.gov/press-releas...
In a democratic society, we need a wealth tax, “not to punish the ultra-wealthy, but to prevent a tiny elite from wielding coercive power over everyone else’s lives.” @amyhanauer.bsky.social democracyjournal.org/magazine/79/...
28.01.2026 01:25 — 👍 5 🔁 4 💬 1 📌 0Before 2011, no single U.S. investor owned over 1,000 single-family homes. By 2021, thanks to private equity kingpins, 446,000 homes sat in private investor hands — with dire results for families struggling to afford to buy a home of their own. @ceprdc.bsky.social cepr.net/publications...
28.01.2026 00:46 — 👍 1 🔁 0 💬 0 📌 0The proposed Billionaire Tax Act that California labor activists are working to get on this November’s ballot would only impact the state’s 200 richest residents. Guess who’s going all out to stop this one-time 5% levy? @seiu1021.bsky.social
oligarchwatch.substack.com/p/the-billio...
How low will US CEOs go to curry Trump favor? On Saturday, amid the Minneapolis horrors, guests at the White House screening of ’Melania,’ the boot-licking biopic Amazon has spent $75 mil bankrolling, included Apple’s Tim Cook & a host of other top execs.
www.hollywoodreporter.com/movies/movie...
The richer the CEO, the more shameless . . .
www.thedailybeast.com/billionaire-...
Minnesota corporate CEOs just as cowardly — and unwilling to jeopardize their personal gravy trains — as their corporate brethren nationwide. More on our ongoing CEO outrages at Inequality.org . . .
25.01.2026 16:52 — 👍 1 🔁 0 💬 0 📌 0The actual income average Americans are taking in has risen just 1.1% a year since 2010. From 1950 to 1980, an era of much greater equality, average U.S. income rose 2% a year. What is really rising today? Wealth at the top.
paulkrugman.substack.com/p/talking-wi...
Forbes’ Real-Time Billionaires List put Elon Musk’s estimated net worth at $787.2 billion as of 2:30 p.m. EST yesterday.
In the first Forbes 400 list in 1982, the grandest fortune Forbes found totaled $2 billion, about $6.7 billion in today's dollars.
#inequality #plutocracy
Oxfam: Trump’s agenda of championing deregulation and undermining corporate taxation has benefited the super rich everywhere. #Billionaire wealth, since the start of the #Trump era, has jumped 3x faster than the past five-year average. www.equals.ink/p/billionair...
22.01.2026 15:18 — 👍 1 🔁 1 💬 0 📌 0Trump now plans to seek a 10% cap on credit card interest. But that move & his moves to end taxes on tips & allow car-loan interest write-offs amount to stunts meant to jolt voters into “pseudo-populist gratitude.” They’d expire after 2026’s elections. thenationmagazine.substack.com/p/trump-brin...
22.01.2026 02:51 — 👍 1 🔁 0 💬 0 📌 0