Inequality.org

D.C. Joins Seven States with Campaigns to Close Carried Interest Loophole

“All over the city we have huge needs. We need better public transport that works for all of us. We need affordable housing,” said Elizabeth Falcon, speaking into a megaphone in front of the tony downtown Washington, D.C. office building of the Carlyle Group private equity fund.

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The Big Pharma Family That Brought Us the Opioid Crisis

If the devil wears Prada, what do America’s most destructive drug pushers wear? They wear smiles. The drug pushers we have in mind here have caused hundreds of thousands of deaths, enough fatalities to decrease overall U.S. life expectancy at birth for the last two years running. Yet no police SWAT teams have pounded down any doors hunting these drug pushers down.

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Wall Street Made Bank on Trump in 2017

It’s been a very good year for Wall Street. The S&P 500 reached record highs week after week, and analysts are upgrading U.S. profit estimates at a brisk pace. The finance industry spent nearly twice the amount of any other industry on campaign contributions in the 2017-2018 electoral cycle so far, and their investment in Trump and the GOP is clearly paying off. The Wall Street wins since Trump took office are almost too numerous to count, but we’ve cataloged them in our new report. Here are some of the lowlights:

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Corporate Excuse for Obscene CEO Pay? 'The Free Market Made Us Do It!'

Apologists for the many millions in compensation that America’s largest corporations regularly dole out to their top executives have essentially one basic, all-purpose go-to defense.

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U.S. Billionaire Bonanza 2017: 3 Men Now Own More Wealth Than the Bottom Half of the Country Combined

Anyone tracking the growing concentration of wealth can tell you the rich are getting richer. It’s not so easy to tell you exactly how rich. Enter Billionaire Bonanza 2017: The Forbes 400 and the Rest of Us.

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Want to Know What Happens with Large-Scale Tax Cuts? Just Take a Look at Kansas

Republicans scrambled on Wednesday to put the final touches on the catastrophic tax proposal they rolled out this week. But the progressive lawmakers and activists gathered in front of the U.S. Capitol were already clear on their message: not one penny in tax cuts for the wealthy and corporations.

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Goldman Sachs Is Hijacking Our Government For Profit and More Inequality

Goldman Sachs has been a conspicuous presence at the scene of one disaster after another in the past half century. The bank is a leader in a Wall Street business model that relies on market manipulation and unsustainable financial bubbles to enrich a few insiders, but that produces disastrous consequences for the rest of us.

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The Activists Who Helped Shut Down Trump’s CEO Councils

The CEOs who made up two White House advisory councils have fled like rats on a sinking ship. Their exodus — a dramatic rebuke of Donald Trump — came within 48 hours of the incendiary August 15 press conference where the President praised some of the participants of last week’s white supremacist rampage in Charlottesville, Virginia.

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The Noxious Combination of Racism, the Alt Right and the Upper Class

When President Donald Trump let loose at his Tuesday press conference, equating anti-racism protesters with neo-Nazis, it was a big hit with the men who’d taken part in the white supremacist rally in Charlottesville.

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Tax Day Marches Aim Spotlight at Trumps Hidden Tax Returns

Candidate Trump repeatedly promised to release his past tax returns, once they were no longer being audited. But those promises have failed to materialize, and Trump appears to have no plans to release his 2016 returns either. This makes him the first president in 40 years to conceal this information from the public.

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