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HomeTagsWealth inequality

Wealth inequality

Zohran Mamdani’s victory: What we know and don’t know

Home » Human needs before profits » Zohran Mamdani’s victory: What we know and don’t know To say that Zohran Mamdani winning the Democratic Party primary for mayor of New York City on June 24 was a complete stunner would be a monumental understatement. He officially beat his opponent, former New York Governor Andrew Cuomo,…

Philadelphia AFSCME DC 33 workers: “Shut it down!”

Philadelphia At midnight on June 30, over 9,000 city workers represented by the American Federation of State, County and Municipal Employees District Council 33 in Philadelphia went on strike for the first time in 40 years. Earlier in the day, hundreds of union members and their supporters rallied outside City Hall to explain their key…
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Podcast: Pandemic Profiteering – How Billionaires Are Looting American Taxpayers

Welcome to MintCast, the official MintPress News podcast hosted by Mnar Muhawesh. MintCast is an interview podcast featuring dissenting voices, independent researchers, and journalists the establishment would rather silence. In this episode, we are joined by MintPress News senior staff writer, Alan MacLeod. MacLeod covers everything from socioeconomic inequality, the oligarch class in Western nations, U.S. foreign policy in…

Media Elite Denounce Looting Even as Billionaires Reap Record Profits from Taxpayer-Funded Bailouts

The extrajudicial killing of African-American man George Floyd by Police Officer Derek Chauvin sparked a storm of protests both in Minneapolis and across the country. These have included large peaceful demonstrations, but also arson, destruction of property and looting. Police have abandoned multiple precincts in the face of overwhelming popular rage. The Reverend Martin Luther…

“Germ-Ridden Masses” – How America’s Wealthy Elite Describe the Rest of Us

Many of the world’s super wealthy are trying to wait out the COVID-19 pandemic on their luxury yachts. But how to get to them without interacting with the public and catching the virus themselves? Such are the difficult quandaries only billionaires have to deal with. Fortunately, financial news outlet Bloomberg has solved the big question of…

Study: Coronavirus Has a Been a Massive Boon for America’s Billionaires

America’s billionaires have seen their wealth increase by 12.5 percent during the COVID-19 lockdown period. The Institute for Policy Studies (IPS), a Washington, D.C.-based think tank, released a study Thursday showing that, in the eight weeks between March 18 and May 14, the country’s super wealthy have added a further $368.8 billion to their already…

Study: Coronavirus Has Been a Massive Boon for America’s Billionaires

America’s billionaires have seen their wealth increase by 12.5 percent during the COVID-19 lockdown period. The Institute for Policy Studies (IPS), a Washington, D.C.-based think tank, released a study Thursday showing that, in the eight weeks between March 18 and May 14, the country’s super wealthy have added a further $368.8 billion to their already…

World’s Super Rich Buying Pandemic Escape Mansions in New Zealand

Instead of paying $24,000 for a haircut or spending $120,000 on a banana duct taped to a wall, the world’s super wealthy have found a new commodity to purchase: pandemic bunkers in New Zealand. A number of the planet’s richest people, including billionaire co-founder of Paypal Peter Thiel, have, amidst a growing global pandemic, escaped to the…

America’s Super-Rich See Their Wealth Rise by $282 Billion in Three Weeks of Pandemic

A new report from the Institute for Policy Studies found that, while tens of millions of Americans have lost their jobs during the coronavirus pandemic, America’s ultra-wealthy elite have seen their net worth surge by $282 billion in just 23 days. This is despite the fact that the economy is expected to contract by 40 percent this quarter. The…

25 Families Own $1.1 Trillion Between Them as the Global Wealth Inequality Gap Grows

Once a family-owned business Forbes is well known for producing their annual list of the world’s richest billionaires. Launched in 1982 the original list ranked the top 400 Americans by net worth. Only 13 billionaires were included in that list, and their combined worth was the equivalent of 2.8% of GDP. In an era where…

Latest articles

Zohran Mamdani’s victory: What we know and don’t know

Home » Human needs before profits » Zohran Mamdani’s victory: What we know and don’t know To say that Zohran Mamdani winning the Democratic Party primary for mayor of New York City on June 24 was a complete stunner would be a monumental understatement. He officially beat his opponent, former New York Governor Andrew Cuomo,…

Philadelphia AFSCME DC 33 workers: “Shut it down!”

Philadelphia At midnight on June 30, over 9,000 city workers represented by the American Federation of State, County and Municipal Employees District Council 33 in Philadelphia went on strike for the first time in 40 years. Earlier in the day, hundreds of union members and their supporters rallied outside City Hall to explain their key…

Pride weekend in New York: Marches hit Trump’s attacks, support migrants and Palestine

Home » LGBTQIA2S+ liberation » Pride weekend in New York: Marches hit Trump’s attacks, support migrants and Palestine Kicking off Pride weekend in New York City, hundreds marched in the annual Drag March on June 27. They demonstrated against Trump’s attacks on the LGBTQIA2S+ communities, for immigrant rights and against the genocidal war on Gaza.…

Actions in 70 U.S. cities say: ‘Hands off Iran and West Asia! Free Palestine!’

Although there is a temporary “ceasefire” in the U.S./Israeli effort to destroy Iran, many groups internationally are determined to stay mobilized. The horrific genocide in Palestine, both in Gaza and the West Bank, continues, as do plots against Iran.  There were more than 65 actions around the world listed on the website of the United…