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2020: Is working class condemned to serfdom in America after coronavirus? – The Hill

Krystal and Saagar talk to author Joel Kotkin about his new book, ‘The Coming of Neo-feudalism.’

‘Bad Politics, Bad Policy’: Sanders Slams House Democrats for Including Tax Cut for Rich in BBB

“The bottom line here is we have to help the middle class, not the 1%,” said the senator. Sen. Bernie Sanders warned late Thursday that a tax deduction that will disproportionately benefit wealthy Americans and that Democratic House leaders insisted on keeping in the Build Back Better Act will harm the party in upcoming elections,Continue reading “‘Bad Politics, Bad Policy’: Sanders Slams House Democrats for Including Tax Cut for Rich in BBB”

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As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class

By comparison, in 1990 the top 1% held just 17% of the nation’s wealth—less than half of the middle class’ 36%. As the bombshell Pandora Papers continue to expose dubious details about how the world’s superrich hide their fortunes and avoid paying their fair share of taxes, Bloomberg on Friday published an analysis of U.S. Federal Reserve data revealing that Americans inContinue reading “As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class”

Did the pandemic signal the end of the American era? | The Bottom Line – Al Jazeera

Canadian-American anthropologist Wade Davis holds a mirror up to the United States and sees a society in decline. Davis argues that the US dominated the world in the post-WWII era because Americans came out of the war with a sense of common purpose. A vibrant, educated middle class dominated. But now America’s social fabric isContinue reading “Did the pandemic signal the end of the American era? | The Bottom Line – Al Jazeera”

Civil Rights and the 1950s: Crash Course US History #39

In which John Green teaches you about the early days of the Civil Rights movement. By way of providing context for this, John also talks a bit about wider America in the 1950s. The 1950s are a deeply nostalgic period for many Americans, but there is more than a little idealizing going on here. TheContinue reading “Civil Rights and the 1950s: Crash Course US History #39”

Inequality – How wealth becomes power (1/3) – DW Documentary (2018)

Germany is one of the world’s richest countries, but inequality is on the rise. The wealthy are pulling ahead, while the poor are falling behind. For the middle classes, work is no longer a means of advancement. Instead, they are struggling to maintain their position and status. Young people today have less disposable income thanContinue reading “Inequality – How wealth becomes power (1/3) – DW Documentary (2018)”

Poland’s ruling conservatives suffer defeat in local mayoral election

Poland’s ruling Law and Justice party (PiS) has suffered a loss in a mayoral race in the city of Rzeszow. Konrad Fijolek, a candidate supported jointly by opposition parties, won a landslide victory with a 56 per cent vote share, avoiding a run-off poll. The candidate from PiS, Ewa Leniart, received nearly 24 per cent.Continue reading “Poland’s ruling conservatives suffer defeat in local mayoral election”