The Dems should be all over this situation but instead they want to mess around with Epstein and other such nonsense none of which will improve the lives of Americans on iota.
Economic inequality should be the priority as elections start coming into view…for instance…
On Saturday, data shared by The Kobeissi Letter highlights a stark divergence in wealth growth since 1976.
According to the post on X, the real wealth of the top 0.001% of U.S. households has surged roughly 3,500% over that period.
By comparison, the top 0.01% and 0.1% saw gains of about 2,200% and 1,200%, respectively, while the average household’s wealth increased by just 200%.
The post also noted a sharp rise in ultra-wealthy households, estimating that about 430,000 U.S. households now hold at least $30 million in net worth, including roughly 74,000 worth more than $100 million.
A large share of wealth at the top is tied to financial markets. “~72% of wealth for the top 0.1% is concentrated in corporate equities, mutual funds, and private businesses,” the post said.
In contrast, lower-income households have struggled to build wealth.
“The bottom 50% of US households had more debt than assets for nearly 2 decades,” the post stated, adding that their net worth turned positive only after 2020, aided by stimulus checks and rising home values.
Summing up the trend, the post concluded: “Asset owners are the only winners.”
Let’s be honest the plan is to pay workers as little as possible to keep the CEOs rolling in bonuses….
Janine Jackson interviewed Institute for Policy Studies’ Sarah Anderson about “successful” corporations paying poverty wages for the April 17, 2026, episode of CounterSpin. This is a lightly edited transcript.
Janine Jackson: In 2024, Forbes asked, “What Is the Secret to Walmart’s Success?” The answer:
Walmart’s strategy is boring but reliable. The foundation is provided by the scale of the business, creating the fuel necessary to maintain cost leadership.
In 2025, the Economist explained to readers “How Walmart Became a Tech Giant—and Took Over the World.” The answer, well, founder Sam Walton, a “trucker-capped, pickup-driving penny-pincher,” had a simple idea: “Keep costs low, pass savings on to customers, win market share, harness scale to further lower costs, and listen as the cash registers sing.”
Early this year, Inc. Magazine gave us “One Bold Decision Helped Make Walmart a Trillion-Dollar Company.” That story says:
Early this year, Inc. Magazine gave us “One Bold Decision Helped Make Walmart a Trillion-Dollar Company.” That story says:
Most experts see the company’s tremendous growth as a triumph of technology, including AI, and that’s certainly true. Walmart has used its heft, highly efficient warehouse network and the ubiquity of its stores as a competitive advantage.
But oho, the shocker, the big reveal, is that former CEO, Doug McMillon, “visited Walmart stores and asked the people working there what they needed. He listened to their answers and he started paying them more.”
Well, I hope you’re sitting down for this: “To begin with, every associate, as Walmart calls employees, would earn at least $9 an hour and soon move up to $10 an hour.” McMillon took home $27.4 million in 2024.
There you have a simple plan….give the voters something that will help make their wallets fatter and you have hit on a winner.
But instead the Dems crawl back to the high dollar donors and become their representatives not those of the people….they will be losers as long as they lay with the dollars.
You can change that but instead you had rather stand on the sideline and wish for change….and whine about your plight.
Not coming as long as you have that kind of attitude. PERIOD!
I Read, I Write, You Know
“lego ergo scribo”
$10 an hour is an insult to workers. The UK minimum wage is considered to be too low to live on, and that is currently £12.71 an hour which is $17.15.
Sadly, the MAGA fans and their UK equivalents still blindly believe in the promised ‘trickle-down’ economics. Poor fools.
Best wishes, Pete.
And some Americans still believe the BS….how sad is that? chuq
I see it every day. Ordinary working-class people – from young to old and in between – are pissed off about the rising cost of living, about their unfulfilling low wage jobs, about our rigged system which empowers great wealth, and about entrenched two-party politics which they rightly see as their enemy; and, they feel powerless to change it.
However, when I try to inform them of the historical events which caused this societal transformation (i.e. neoliberalism), their eyes just glass over. They seem unable or unwilling to make that critical connection. So, that’s the CATCH-22 situation we’re in.
A decade ago or so, I wrote a piece which speculated about a political alliance between rightwing libertarians and leftwing progressives. It spurred a lot of interest in Republican and Democratic circles, but both groups agreed that opposing views on immigration and civil rights issues would prevent such cooperation.
Robert, my grandfather covered it right when he said…’when you teach a pig to sing you waste your time piss off the pig’…..chuq