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George Monbiot@georgemonbiot.bsky.social |
#IDthought 5: Until the neoliberal era, inequality declined for some 60 years. From the 1980s onwards, it returned with a vengeance. Since 1989, America’s super-rich have grown about $21 trillion richer. The poorest 50 per cent, by contrast, have become $900 billion poorer.🧵
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rifka from Preroll Honda Lesbian
@rifka.bsky.social
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Sid Eschenbach
@sid-eschenbach.bsky.social
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And here's another view, same time frame, same systems at work. There are more than a billion fewer people living below the International Poverty Line of $2.15 per day today than in 1990. On average, the number declined by 47 million every year, or 130,000 people each day. We need TAX REFORM.
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George Monbiot
@georgemonbiot.bsky.social
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Why? Because trade unions were crushed. Because tax rates for the very rich were slashed. Because any regulation that big business viewed as constricting was loosened or eliminated. And, perhaps most importantly, because *rents* were allowed to soar.
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