As the government shutdown entered its 6th week, the ~42 million Americans who rely on food stamps did not receive their benefits. But even when the shutdown ends, the threat to SNAP won’t be over. The “Big Beautiful Bill” passed in July includes the largest cuts in history.

The Trump-GOP tax scheme will mean big cuts for the wealthy — while America's poorest households will actually be on the hook to pay more in 2027, a new @oxfamamerica.bsky.social report finds.

Today's the day Tesla shareholders will vote on Musk's insane $1 trillion pay package. For a rundown of all the key resolutions on the company's annual meeting agenda, check out this piece by Natalia Renta of @ourfinancialsecurity.org

"The data confirms what people across our nation already know instinctively: the new American oligarchy is here." - @abbymaxman.bsky.social speaks about our newest report on the drastic growth of inequality in the U.S: www.forbes.com/sites/josiec...

We're living in a hyper-extreme phase of inequality, made intentionally mysterious. burnedbybillionaires.com is here to de-mystify it! We'll continue this convo tomorrow (Wed 11/05) from 7 to 8:30 at @phoenixbooks.biz. Join us if you're near Burlington! Get tix here: phoenixbooks.biz/event/2025-1...

"Eilish’s comments are part of a growing realization that the rules of the economy favor those with assets over those who earn wages." -- @chuck77.bsky.social of @ips-dc.org

Have you needed veterinary attention for a beloved pet in recent years and noticed higher costs for vaccines & routine exams? It's no coincidence: Billionaires are burning you. ⏰Check out my recent article in @thenation.com: www.thenation.com/article/soci... 📖Then read www.burnedbybillionaires.com

"It appears that one of the few issues both the right and the left agree on is that the wages of the richest shouldn’t be so high!"

From tax policy to immigration enforcement, the Trump administration prioritizes billionaire wealth over the working class, writes William Rice of @4taxfairness.bsky.social

Trump's White House ballroom construction started last week. The project is estimated to cost $300 million, funded by corporate giants like Lockheed Martin, Meta, Google, and Amazon – a stark reminder of who funds Trump's right-wing agenda.

Billionaires like Michael Bloomberg are bankrolling the NYC mayoral election, pouring in over a third of all donations in the race. Candidate Andrew Cuomo has received 98% of all billionaire spending in the race.

This week's newsletter: -California ballot proposal to tax billionaire fortunes and save Medicaid access. -AFL-CIO fights $1-trillion pay package proposal to Musk -37% of all donations in the NYC mayoral race come from just 62 billionaires Read more here! inequality.org/resources/in...

NEW: As pet ownership grows more popular, billionaires and private equity firms are buying up an unprecedented share of pet services and hospitals. Today, the cost of veterinary care is 60% higher than a decade ago. IPS scholar @chuck77.bsky.social in @thenation.com:

You might assume that conservative-leaning voters will always be highly unlikely to support policies to fight inequality, even in the face of actual facts about the impact of our economic divides. A new academic study suggests otherwise.

Tesla shareholders will vote on a number of proposals, including a trillion dollar pay package for Elon Musk and investments into xAI, at annual meeting next month. inequality.org/article/musk...

Are you feeling the Billionaire Burn? (Spoiler: We all are!) My new book Burned By Billionaires is available now! www.burnedbybillionaires.com Join our book event in Burlington on 11/5: phoenixbooks.biz/event/2025-1... And our book event in Norwich on 11/6: www.norwichbookstore.com/events/35637...

Healthcare companies focused on profits rather than patient wellbeing are pocketing record earnings from tax cuts while providing bare-minimum treatment, argues a new report from @4taxfairness.bsky.social and @communitycatalyst.org inequality.org/article/prof...

Conflict between the climate and labor movements has weakened what otherwise could be a potent force against the fossil fuel industry. A new report from @uawregion6.bsky.social lays out a green industrial proposal to bridge that divide inequality.org/article/cali...

DoorDash billionaries make their wealth on the backs on under-waged immigrant labor, but remain silent amid mass ICE deportations

Corporations spending trillions on shareholder payouts enriches the 1% while poor and working class Americans fall further behind. @oxfamamerica.bsky.social

For 1 minute, follow the Roadmap to Richistan to learn some of what I explore in my new book #BurnedByBillionaires: The ultra-wealthy got there by exploiting all of us, and we can stop them together. Read it, protest, put out the flames: www.burnedbybillionaires.com #Inequality

#Capitalism supports repression over people!

NEW: As Trump sends billions in U.S. dollars to bail out Argentina’s far-right government, regular people in both countries are struggling to survive. Argentine pensioners are in the streets showing how to resist. IPS @inequality.org scholar @millsrodrigo.bsky.social in @jacobinmag.bsky.social:

New data from IPS and our @inequality.org and @nationalpriorities.bsky.social researchers:

This week's newsletter: -Government shutdown ravages social programs and healthcare -A group of retirees fight against a right-wing austerity agenda in Argentina -The Federal Trade Commission missed a chance to hold Amazon accountable Read more here!

Musk's proposed $1T pay package is getting the big headlines, but Tesla shareholders will be voting on additional issues that should have us all up in arms -- via @ourfinancialsecurity.org

Trump-GOP budget increases for the military & mass deportations would be enough to provide Medicaid for 32 million adults, per new @ips-dc.org research

Trump's $20 billion+ bailout for his ally Javier Milei is part of a long legacy of foreign loans that have trapped Argentina in an endless cycle of austerity. A group of retirees are leading the fight to stop social services from being slashed @jacobinmag.bsky.social jacobin.com/2025/10/arge...

For more info on the campaign to urge shareholders to vote "no" on Musk's $1 trillion pay package: takebacktesla.com

"In this moment, it’s hard to imagine positive change at the national level," @chuck77.bsky.social says. "But talking about ways the billionaire class has captured and hijacked our political system explains the moment." inequality.org/article/five...

The FTC's deal with Amazon over tricking users into signing up for Prime was record-breaking, but seeing out the case could have given the public more information and built up strong precedent, writes Ron Knox from @ilsr.bsky.social inequality.org/article/the-...

When right wingers learn just how big pay gaps between CEOs and average workers really are, they favor fair tax & other solutions much more Check out this path-breaking research, based on surveys in the US and 5 other countries h/t @lseinequalities.bsky.social

Billionaire wealth growth is out of control — and because of Trump and the GOP's tax laws most of it won't end up benefiting the rest of us @4taxfairness.bsky.social

Trump's mass deportation agenda is yet another profit-making scheme for wealthy CEOs

A new study shows that when presented with data about wealth inequality, conservative voters become much more supportive of redistributive policies. inequality.org/article/far-...

In this week’s newsletter: -How can progressives win back the working class? -RN union in Michigan wins hard-fought contract! -Chuck Collins' new book 'Burned by Billionaires' -People vastly underestimate wage inequality, see the real numbers -Much more!

In the United States, CEOs earn about 269 times more than average workers. But the U.S. public estimates that gap at only 18 times — and would prefer that CEOs make no more than five times average worker pay.

HAPPY RELEASE DAY to Burned By Billionaires: How Concentrated Wealth & Power are Ruining our Lives & Planet! @laurenaratani.bsky.social says it; I'm "optimistic that there can be change," especially with coverage like this: www.theguardian.com/news/2025/oc... Buy now: thenewpress.org/books/burned...

Honored to share a #BurnedByBillionaires blurb from Brooke Harrington, Professor of Sociology @ Dartmouth (@ebharrington.bsky.social): “An electrifying call to action… Should be required reading for all our elected representatives.” Check it out, on shelves 10/08! thenewpress.org/books/burned...

Georgia's Medicaid work requirements have been a disaster. The goal is clearly to shrink enrollment by burying low-income families in red tape -- not boost employment.

Federal Reserve data shows that the richest 10 percent of American households now own over two-thirds of the nation's total wealth. The top 1 percent holds 31.0 percent of total wealth – just slightly less than the entire bottom 90 percent of U.S. households.

My new book #BurnedByBillionaires was the 🔥hot topic🔥at the Make Billionaires Pay march in NYC. Read it and put out the flames. On shelves OCTOBER 8: thenewpress.org/books/burned... #MakeBillionairesPay #Oligarchy @thenewpress.bsky.social

Economic populism can win back Rust Belt voters, but Democrats face an uphill battle to shake negative associations with the party, according to new polling and analysis from the Center for Working-Class Politics. inequality.org/article/can-...

New book alert! #Inequality scholars:, don't miss Chuck Collins' new book: Burned by Billionaires. It's both breezy and fact-filled. "An economy that funnels wealth to billionaires ... fuels division and civil discord." @inequality.org @thenewpress.bsky.social thenewpress.org/books/burned...

NEW: Since 1989, the share of U.S. wealth owned by the top 0.1% has grown nearly 60%. In the same time, the share owned by the bottom 50% of households has declined 26%. This is wealth concentration. IPS scholars @chuck77.bsky.social and @ocampomar.bsky.social in @inequality.org:

NEW: Since 2010, some 14% of our country's billionaires have pledged to give away at least half of their wealth. Instead, most of them have collectively grown far, far richer, IPS @inequality.org researchers found. IPS scholar @bdevaan.bsky.social on @katiecouric.bsky.social:

NEW: Hundreds of billionaires have signed the Giving Pledge, promising to give away half of their wealth. IPS @inequality.org researchers found that most of those donations have never reached the public. @davidmoscrop.com in @jacobinmag.bsky.social:

Congress and the White House can't prevent states from taxing the rich and funding public education. Tell state leaders to copy the Massachusetts Millionaires Tax! Take action with @inequality.org: action.ips-dc.org/a/inequality...

Congress and the White House can't prevent states from taxing the rich and funding public education. Tell state leaders to copy the Massachusetts Millionaires Tax! Take action with @inequality.org: action.ips-dc.org/a/inequality...

America has a rich history of economy-stopping strikes. What's stopping them from happening again now? inequality.org/article/amer...