Wealth Transfer

Heist Disguised as Gift: Critics Slam “Baby Investment Accounts”

The Biggest Heist in America Is Being Sold as a Gift to Children. The core concept here, as unsettling as it is, revolves around a system that’s being presented as a charitable gesture while, in reality, it’s a sophisticated form of wealth extraction. The article you referenced speaks volumes. It boils down to a classic tactic: weakening public resources to the point where even a minor offering from the wealthy appears to be a salvation. The article’s point is sharp and clear: The focus should not be on individual investment accounts but on providing fundamental necessities like housing, food, healthcare, and high-quality education.… Continue reading

U.S. Debt Soars to $38T: Where Did DOGE and Government Cuts Lead Us?

The U.S. national debt has reached a record $38 trillion, the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic. This growing debt, as highlighted in the latest Treasury Department report, leads to higher inflation, eroding Americans’ purchasing power and increasing borrowing costs. Experts note the impact of rising debt includes increased interest costs, which crowd out important public and private investments. While some officials claim policies are working to slow spending, the Joint Economic Committee estimates the national debt has grown by tens of thousands of dollars per second over the past year.

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Sanders: $79 Trillion Siphoned From 90% Since 1975, Exposing Wealth Inequality

A new RAND analysis reveals that $79 trillion has been transferred from the bottom 90% of Americans to the top 1% since 1975, driven by neoliberal policies since the 1970s. In 2023 alone, this redistribution totaled $3.9 trillion— enough to provide a $32,000 raise to every worker. This massive wealth transfer has significantly reduced the share of national income received by the bottom 90%, resulting in a median household income half of what it would have been under equitable income growth. Proposed tax cuts further threaten to exacerbate this inequality.

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