A new survey conducted by the Runawayinequality.org Educational Network shows that younger Americans (ages 18-40) overwhelmingly support bold proposals to reverse inequality— polices such as Medicare for all, free higher education, ending mass incarceration, wealth taxes on multi-millionaires, financial speculation taxes on Wall Street, public banks, immigrants rights, worker rights, a guaranteed job at a living wage, campaign finance reform, and a sustainable environment.

Meanwhile, the Trump administration is doing all it can to accelerate inequality. The billionaire appointees, the Goldman Sachs economic advisors, the hollow health care and tax proposals all are designed to move more money into the hands of the few.

Unfortunately, the mainstream Democrats are hardly better when in comes to runaway inequality.

  • Over the last 37 years, America’s top 10 percent saw their incomes rise by 115 percent and the top 1 percent saw an incredible rise of 198 percent. Meanwhile, the bottom half of all American earners not only failed to see any gain at all, but their incomes actually declined by 1 percent from 1978 to 2015, according to research by Thomas Piketty. 
  • During the Obama years “the top 1 percent of families captured 52 percent of total real income growth per family from 2009 to 2015 […]
Read the Full Article