Call: (646) 716-5812 – “Facebook LIVE” – Live stream: BlogTalkRadio (Entire USA) Radio Show Date: December 9th, 2019
LIKE our Facebook page, SUBSCRIBE to our YouTube channel and Become a Patron.
A few weeks ago I attended the Bridge Alliance Conference in Washington DC and spoke to several very impressive millennials.
I interviewed these very talented millennials and young people who are our new activists.
I found it refreshing that they were all positive about the future and intended to do positive things. They had no desire to move backward. Most importantly they had no fear. Click on their names for their respective interviews that were played in the show.
- Afia Yunis: Owner Principal of Yunus Law P.C.
- Arshia Mehta: Co-founder of Youthivism.
- Brialle Ringer: Partner at Living Room Conversations.
- Ellen Moorehouse: Grassroots Communication Manager at Represent.us.
- Kevin Hurtado: Development Manager at Andrew Goodman Foundation.
- Rebecca Trout: Program Director at National Civic League.
Blog of the Week
Support Progressive Independent Media
Most Independent Progressive outlets continue to struggle to raise the funds they need to operate much like the smaller outlets like Politics Done Right. Please subscribe even at the $1.99 or $4.99 level. Please consider supporting our GoFundMe here.
‘Staggering’ New Data Shows Income of Top 1% Has Grown 100 Times Faster Than Bottom 50% Since 1970
“The bulk of a generation of economic growth has been captured and concentrated in a few hands, and many people have barely seen any of it.”
New data released Monday explains the numbers behind Sen. Bernie Sanders’ often-cited statistic that the three richest Americans hold more wealth than the 160 million people who make up the bottom 50% of the population.
Washington Post columnist Greg Sargent published what he called “stunning” findings from Stanford University economist Gabriel Zucman, showing how both an explosion in annual earnings by the rich and an increasingly regressive tax structure have combined to allow the top 1% of Americans’ wealth to triple over the past five decades.
Meanwhile, working people are taking home just $8,000 more per year than they did in 1970.
In what Sargent called “the triumph of the rich, which is one of the defining stories of our time,” the richer a household is, the more its take-home wealth has grown in the past 50 years.
New data:
— Greg Sargent (@GregTSargent) December 9, 2019
For top 1%, average income has risen by $800,000 since 1970.
For top 0.1%, it has risen by $4 million.
For top .01%, it has risen $20 million.
Bottom 50%? $8,000.
All this is *after taxes and transfers.*
Great work from @gabriel_zucman:https://t.co/iaxntlHdvl
The top 1% of earners make an average of more than $1 million per year after accounting for taxes they pay, a 50-year increase of more than $800,000—100 times the growth rate of the bottom 50%.
The wealth of the top .1% is five times larger than it was in 1970, while that of the top .01% is seven times larger, at over $24 million in 2018.
Zucman and fellow economist Emmanuel Saez, his co-author of the new book “The Triumph of Injustice,” provided a chart showing how each group of earners’ take-home pay has changed since 1970. The wealthiest Americans’ assets skyrocketed by millions of dollars even in the first decade of the 21st century—when people in the bottom 50% saw their average take-home income decrease.
[More]
Read My Current Blog Posts
- Why use the Electoral College, a constitutional aberration, to stop Trump from destroying America.
- GOP Senator who slammed Matt Gaetz cowardly bows to Trump. I bet all will as well.
- EXPLAINED: Kamala Harris lost due to Democratic Party & Media dereliction of duty, gender, and race.
- CNN’s Don Lemon scolds corporate media. Urges independent media support — no corporate overlords
- Trump voter left with his head spinning as all his reasons for voting for Trump were proven wrong.
- Couple who crossed the border illegally voted for Trump because illegal border crossers are criminal.
- Dr. Eddie Glaude challenges Stephanie Ruhle on why Kamala Harris lost.
- The mainstream media post mortem displays completely misses the point and the danger of their words.
- Here’s what Donald Trump’s election tells us about America.
- Warnock: We don’t need a predator. We need a president. Women, men who love women win it for Harris.
- Donna Brazile: Tuesday Will be “Ladies’ Night” with Kamala Harris’ win and two new female senators.
- Is the so-called “greening” of Antarctica as its ice melts actually helping to prevent climate change
- Is there an environmental/climate impact of the huge growth in the live music
- Is transitioning to more electric vehicles (EVs) good or bad for the economy overall?
- What are some video games that educate young people about environmental issues?
- BEWARE! Her mother was switched from Medicare to Medicare Advantage without her consent.
- The economy is on fire. Anyone saying otherwise is lying.
- Why MAGA feel compelled to support Trump, a man who is a convicted felon and sexual assaulter.
- Traditional Medicare is freedom Medicare Advantage is enslavement mostly by choice.
- Here is the proof that Donald Trump’s plan would crater the economy.
My Other Posts At DailyKOS.com`
