Tuesday Night Owls. Study: Richest 1% has snatched $50 trillion from bottom 90% in past four decades
Had the more equitable distribution of the roughly 30-year postwar period continued apace, the total annual income of the bottom 90% of American workers would have been $ 2.5 trillion higher in 2018, or an amount equal to about 12% of GDP. In other words, the upward redistribution of income has enriched the 1% by some $ 47 trillion—which would now be more than $ 50 trillion—at the expense of American workers.
David Rolf, a Seattle labor organizer, president of the Fair Work Center, and founder of Service Employees International Union (SEIU) Local 775, is more blunt. He calls this “the $ 2.5 trillion theft.” […]
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“The government which had made the Negro a citizen found itself unable to protect him. It gave him the right to vote, but denied him the protection which should have maintained that right.”
~~Ida B. Wells-Barnett, On Lynchings (1892)
TWEET OF THE DAY
BLAST FROM THE PAST
At Daily Kos on this date in 2003—Foreign help not on the horizon:
Four U.S. soldiers have died the past four days — glorious victories in Bush’s “flypaper” War Against Terror.
You see, as Bush, Andrew Sullivan, and other Chickenhawk Neocons remind us—we should celebrate every time U.S. forces are killed in Iraq, because those very same terrorists would otherwise be killing Americans here in the U.S.
Dead Americans in the U.S.—bad. Dead Americans in Iraq—good. Thank the heavens we can enjoy the benefits of good, sound Chickenhawk Neocon thinking.
Yet given our great successes in getting our US troops killed in Iraq, not the U.S., it’s difficult to understand why we can’t garner any international help.
On today’s Kagro in the Morning show: Orange Hitler is now Orange Mengele. Speaking of war crimes, US risks in Yemen rise while Trump attacks the ICC. Joan McCarter is at a loss over how Feinstein has memory holed the blue slip fights. Meanwhile, the Mother of all Shutdowns looms.
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