Truthout
Economy
It’s Time for the Wealthy to Pay Their Fair Share Into Social Security
When Congress put a cap on Social Security contributions in 1983, they didn't anticipate 40 years of rising inequality.
From Formula to Medications and Child Care, Parents Feel Strain of Shortages
Low-income parents in particular may not have the resources to navigate the layered crises.
Report: Credit Scores Are Lower in the South, and Medical Debt Could Be to Blame
A new analysis finds a link between areas with low average credit scores and high amounts of medical debt.
Trump’s Former Budget Director Is Advising GOP to Cut Medicaid by $2 Trillion
Russ Vought is urging House GOP to gut many federal programs that low-income people rely on to meet basic needs.
Warren Demands Answers on Soaring Egg Prices as Top Producers’ Profits Skyrocket
Egg prices have climbed 150 percent over the last year while the top egg producer has raked in record profits.
Warren Calls for Ban on Stock Buybacks by Subsidized Semiconductor Companies
Semiconductor companies spent a collective nearly $250 billion on stock buybacks between 2011 and 2020, she noted.
How the Wealthy Are Saving Billions in Taxes by Skirting a Century-Old Law
Goldman Sachs helped billionaires dodge taxes by selling stocks and replacing them with nearly identical investments.
Over 30 Million in US Face “Hunger Cliff” as Food Benefit Cuts Loom
As COVID-era SNAP increases are rolled back, inflation and corporate profiteering will leave millions hungry next month.
We Already Know Who’s Winning Super Bowl LVII — the Billionaire Class
The players are preparing to face off, but billionaire NFL owners are all on the same team.
Our World Is Fragmented by Inequality. Why Is There Poverty Amid Plenty?
Scarcity is a political invention used to cover up vast reserves of capital that could be used to meet everyone’s needs.